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See how verdicts work2-bedroom property · PL21 0SB
Listing removedReduced £15k (−15.8%) on 29 MayListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Set within 16 acres of beautiful woodland and landscaped gardens, this charming holiday lodge offers a peaceful retreat in the heart of the South Hams.
Ideally located close to the stunning sandy beaches at Bigbury-on-Sea, the lodge is part of the popular Thatches Holiday Village, which boasts excellent leisure facilities for the whole family.
These include an impressive indoor swimming pool, fully equipped gym, sauna, and a beauty therapy room. Children are also well catered for with a cinema, games room, and outdoor play areas.
28 The Thatches sits in a private position within the site and offers cosy and comfortable accommodation. There is a spacious living room with dual aspect windows and sliding doors to the decking.
The kitchen is naturally light with a range of integrated appliances and abundance of wall-mounted storage.
The lodge has two double bedrooms, with the principle bedroom enjoying an ensuite shower room and walk-in wardrobe, and there is also a family bathroom.
Outside, the lodge sits in a well-maintained wrap-around garden with a spacious decking perfect for entertaining. There is an allocated parking space located a short walk away from the property.
TENURE Lodge 28 is held on a 70 year licence from 2004.
The annual service charge for 2026 (1st January to 31st December) is £6900 inc VAT, covering maintenance of the grounds, leisure facilities, grass cutting within lodge plots, park lighting and ground rent.
The lodge is for holiday and recreational use only and cannot be used as a permanent residence. Further details are available on request. LOCAL AUTHORITY South Hams District Council.
Follaton House, Plymouth Road, Totnes TQ9 5NE. Tel: .
Council tax does not apply, instead the lodges are responsible for a share of the rates associated with the park which we are advised currently amount to £60 per annum.
SERVICES Mains water, drainage and electricity. LPG gas fired central heating. All services are metered and billed separately by the Park on a quarterly basis.
VIEWINGS Viewing strictly by appointment with Luscombe Maye | | luscombemaye.com |
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About The Thatches, Modbury, PL21
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