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See how verdicts work2-bedroom property · TQ7 3DS
For saleReduced £25k (−14.3%) on 26 OctListed 213 days
Opportunity summary
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About
At Salcombe Retreat you are located between the open countryside and the coastal beaches, with easy access to both. The South West Coast Path has spectacular scenery and miles of pathways to explore.
Soar Mill Cove is only a short walk away, perfect for paddling and a day on the beach.
The holiday lodge is beautifully presented and has been very well maintained by the current owners who have undertaken several improvements which have included a new decking and gas combi boiler in recent years.
The open plan reception area is light and airy, giving access to a sunny decked veranda which is perfect for barbeques and alfresco dining.
Both double bedrooms are well proportioned and have ensuite bathrooms while the master bedroom has lovely countryside views and bedroom two has the benefit of an additional dressing area.
In addition, the lodges are very popular with holiday makers and enjoy strong rentals.
There is an on-site private owners lounge with kitchen, shared office space, Yoga Studio and Gym along with a BBQ Terrace.
The lodge can be used for 11 months of the year and must be vacated from mid January to mid February.
Salcombe Retreat is ideally situated between Salcombe and Hope Cove, both of which offer a wide variety of activities for a busy family, or those enjoying a few peaceful days away.
There are fine sandy beaches and sheltered waters to be enjoyed in Salcombe with an array of shops, cafes, bars and restaurants and water access to the Estuary.
Similarly, Hope Cove has 2 sandy beaches, water based activities, 2 local pubs as well as hotels.
VIEWING ARRANGEMENTS Strictly by appointment with Luscombe Maye, Salcombe DIRECTIONS what3words - ///diagram.actor.takeovers MATERIAL INFORMATION To ensure legal compliance, we require our sellers to complete a Property Information Questionnaire or provide a Material Information Guide along with the title document.
If available, please scan the QR code or access the additional online material information. Alternatively, you can contact our team for this information.
Council Tax band: N/A Tenure: Leasehold Lease length: 111 years remaining (125 years from 2012) Ground rent: £4044.34 pa Service charge: £3256.81 pa Lease restrictions: as designated holiday lodges these are not second homes, and owners are unable to use the site between 15th January and 15th February each year.
Property type: Park home Property construction: Standard timber frame construction Energy Performance rating: No Certificate needed Number and types of room: 2 bedrooms, 2 bathrooms, 1 reception Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Mains water supply Sewerage: Sewerage treatment plant Heating: LPG-powered central heating is installed.
The system was installed on 18 Jul 2024.
Heating features: Double glazing Broadband: FTTC (Fibre to the Cabinet) Parking: Allocated and Communal Building safety issues: No Restrictions - Listed Building: No Restrictions - Conservation Area: located within the Kingsbridge conservation area, first designated 1972 Restrictions - Tree Preservation Orders: None Public right of way: No Long-term area flood risk: No Historical flooding: No Flood defences: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: None Coal mining area: No Non-coal mining area: No Loft access: No All information is provided without warranty.
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Soar Mill Cove, Salcombe
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