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See how verdicts work3-bedroom terraced house · TQ13 8BY
For saleReduced £22.5k (−6.5%) on 27 OctListed 231 days
Opportunity summary
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About
A great opportunity to acquire this end terrace three bedroom house in this hotel conversion tucked away from public paths and roads and situated within a short walk to the centre of the sought after Dartmoor town of Chagford.
It offers a good sized Living Room with high ceilings and fireplace and a Kitchen/Diner to the ground floor.
To the first floor are three bedrooms (two doubles and a single) offering some good rural views, and a bathroom. There is also an interesting loft/hobby room (accessed by loft ladder).
Also benefiting from a walled garden and allocated off street parking. Offered with no upward chain.
Situation The property is situated close to the centre of the picturesque old market town of Chagford, deep in the Dartmoor National Park and is a superb location from which to access the open spaces of the high moor as well as the wooded, pastoral landscape of the nearby Teign Valley.
With a thriving community, it has a comprehensive range of shops and other facilities including, inns, a primary school, medical, dental and veterinary facilities and churches.
Description Laburnum House is a stone built cottage once forming part of the Moor Park Hotel which was built around 1869. It was redeveloped in 1985 to form the development we see today.
The house itself is tucked away within the close and benefits from a good deal of natural light, some high ceilings to the ground floor and excellent views from the first floor bedrooms.
One of the lofts has been timber lined and has light and power, allowing potential use as a hobby room (albeit accessed via a ladder).
Accommodation A small stone and timber porch leads via the front multi-paned door into the hallway leading the bright Living Room with fireplace and bay window overlooking the garden, the Kitchen/Diner is semi open plan with a Galley style timber kitchen and a Dining Area currently used as a second Reception.
To the first floor is the family bathroom with a coloured three piece suite and three bedrooms, all with some fine but partial rural views. The bedrooms benefit from good ceiling heights and storage.
There is access from the landing to two separate lofts.
One of the lofts (accessed by drop-down ladder) has been timber lined and carpeted and benefits from lights and power points, potentially providing an additional hobby room.
Outside The house is accessed from the gravelled parking area where it has an allocated parking space located close to the property.
There is a level garden (approx 4.5m x 4m) with lawn, tree and shrubs bounded by a low stone wall with metal access gate. The parking area is maintained by the Moor Park Residents Association.
Each property owns a share in the Residents Association and there is an annual charge of £80 for maintenance and insurance. Services Mains gas, electric, water and drainage.
Mains gas central heating via radiators. Real flame gas fire to Living Room and Electric heater to Kitchen/Diner.
Superfast broadband available up to 80mbps (Source Ofcom) Planning Authority: Dartmoor National Park, Parke House, Bovey Tracey— Council Tax: Band D (£2,437.18 for 2024/25).
West Devon Borough Council. Directions From our offices turn left into Lower Street and follow the road for approximately 150 metres.
Turn left into an alleyway between 6&7 Moor Park which leads through into a gravelled parking area.
Turn angled left walking up towards the parking and the property will be seen at the end of the terrace with a board in the window. The entrance is to be found down the right hand side.
If driving towards our offices pass Lamb Park on your right then take the next right before the row of terraced white houses.
Take the immediate left into the gravelled parking and the property will be found towards the far end. What3Words location: pose.gravy.grinders
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.
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FAQ
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