3-bedroom house · EX6 7HE
For saleListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Holiday cottage. Not for residential use. A charming holiday cottage situated in a tranquil setting with a lake with fishing rights and approximately 5 acres of land.
This a unique opportunity to purchase a successful holiday let investment.
The property is approached by a private driveway in its own setting offering an abundance of parking along with charming front gardens.
Upon entering house you are warmly welcomed by an inviting open plan living/kitchen area offering heaps of character including exposed beams and a focal feature log burner.
The living area is a cosy space offering ample room for furniture, positioned directly in front of the log burner perfect for keeping warm in the winter months.
The open plan kitchen/dining area is also found on the ground floor.
The kitchen is a sociable space and features a range of base and eye level units with worktop surface in addition to a recently installed aga.
There is also a space and plumbing for additional appliances. A spiral staircase rises to the first floor where you will find three bedrooms and a modern bathroom with roll top bath.
Two of the bedrooms are comfortable doubles with the master bedroom benefiting from a walk in wardrobe.
Outside, the cottage is accessed via a sweeping driveway to a parking area providing parking for up to 6 vehicles.
To the front is a beautiful garden terrace which is accessed via French doors from the open plan kitchen/dining area.
The property also benefits from an attractive paddock which has been rented by the current owners as a camping site under the 28-day camping rule maximising the total profitability of the overall investment.
There is a timber barn and single bank fishing rights along the River Teign which is on the southern boundary, this a key feature of the property and attracts a vast amount of families looking for a countryside retreat.
Potential income if used as a holiday let: Estimated Gross Revenue for 2024 - £38,759 Weekly price range from low £1,089 to high £1,639 Expected Occupancy 2024 – 42 bookings (this includes short breaks of up to 7 nights) Please contact us for more information.
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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FAQ
About The Old Barn, Exeter
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