2-bedroom house · PL21 0SG
Sold STCListed 312 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gate House Cottage East is conveniently located within a stone’s throw of the outdoor and indoor pools and is accessed through a most quaint archway.
The front door opens into a spacious open plan living/ dining/ kitchen, perfect for entertaining and family gatherings.
Upstairs are two good size bedrooms and a family bathroom with modern fitted suite.
Outside, in addition to all of the facilities the site has to offer, the property has its own garden space to the rear of the property, offering a peaceful retreat with a paved seating area, lawn and with a hedgerow offering some privacy.
There is an allocated parking space as well as the use of the visitors parking area. South and Dartmoor to the North.
Within the grounds is a period house which has been divided into 7 separate dwellings, with only one having full residency.
The old outbuildings, including a mill, have been converted into 14 holiday homes.
The owners have access to excellent communal facilities including two swimming pools (One indoor and one outdoor), tennis court, table tennis, a small gym and a fishing lake which are all within the private estate of 28 acres.
Within the grounds there is also the original Victorian walled garden which has play equipment, lawn for picnics and ball games and a games room for older children.
SERVICES Mains water and electricity. Strom electric combination boiler. Private drainage via a Klargester tank. TENURE Leasehold. 999 year lease from 1998. Service charge of approx.
£4,650 per annum. Additional charge of approx. £1,350 per annum (Includes capital fund, sinking fund, communal ground maintenance and water treatment). Water usage invoiced separately.
LOCAL AUTHORITY South Hams District Council. VIEWINGS Strictly by appointment only through Marchand Petit (Modbury Office) Tel: . Please contact the office to make an appointment.
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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About Colmer Estate, Modbury
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