We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PL8 1AL
For saleListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set just above the River Yealm in a quiet cul-de-sac, Montrose is a beautifully renovated detached bungalow believed to date from the 1920s.
Its symmetrical frontage is especially appealing: two generous bay windows sit beneath slate-hung gables, with a brick-arched entrance between them.
From the moment the front door opens, the view leads through the arch, across the garden and over the village to the green hills beyond.
Montrose has been comprehensively renovated over the past year, with careful attention to both its appearance and the way it works as a home.
The original proportions and architectural details remain at the forefront, while bespoke timber windows, a kitchen by Yealm Kitchens and thoughtfully finished interiors bring a sense of quality throughout.
Its southerly aspect fills the front rooms with natural light. The open plan kitchen, dining and sitting room is a particularly inviting space.
Pale painted cabinetry, generous work surfaces and a ceramic sink beneath the window give the kitchen a classic feel, with room to gather around a dining table.
The space opens around the central chimney breast into the sitting area, where the broad bay window draws the eye across the rooftops to the countryside.
An Everhot stove sits in the fireplace recess and is available by separate negotiation. The practical elements have received the same attention.
A separate utility room complements the kitchen and has a door to the rear garden, making it a convenient entrance from the side of the property where there is potential to create further parking.
There is also a separate WC and adjoining store. The principal bedroom is a comfortable double with a modern en suite shower room, finished in pale tiling with a walk-in shower, wash basin and WC.
The second bay-fronted room is currently used as a separate sitting room, its wood-burning stove making it an appealing place to retreat to in cooler months.
Equally generous as a second bedroom, it could also serve as a guest room or study.
Behind the finished interiors lies an extensive programme of work, including a new kitchen, utility room and en suite shower room, alongside rewiring, new radiators, bespoke replacement double glazed timber windows, new flooring and redecoration.
The boiler, updated shortly before the current owners’ purchase, was retained on the plumber’s advice.
Montrose offers the ease of a home ready to move into, with the character and individuality of its 1920s origins. The southerly front garden makes the most of the bungalow’s position above the road.
A stone terrace runs alongside the house, while steps lead down through the lawn to a second seating area beneath a timber pergola.
Olive trees and established planting frame views across the village towards the hills. To the rear is a more sheltered garden with planting beds and a timber shed.
An area to create private driveway parking lies to the side of the property. Newton Ferrers sits on the northern side of the River Yealm estuary, within the South Devon National Landscape.
Together with neighbouring Noss Mayo, it offers a lively year-round community, with a primary school, post office, Co-op, pharmacy, churches, three pubs and an active yacht club.
The water and village amenities are a short walk from Montrose, with river, woodland and coastal walks close at hand.
Newton Ferrers and Noss Mayo are two of the South Hams’ most sought-after waterside villages — and with good reason.
Sheltered by rolling hills and clustered along the wooded banks of the Yealm Estuary, they offer a rare balance of natural beauty, community warmth, and convenient access to the wider region.
With the shimmering waters of the Yealm Estuary just moments away, this is an unrivalled setting for those drawn to life on the water — whether it’s setting sail for coastal adventures, paddleboarding along tranquil inlets, or plunging into sheltered waters for an invigorating wild swim.
The villages have a strong sense of community — with a village co-op, post office, pharmacy, two churches, three welcoming pubs, and a popular delicatessen/café — a buzzing hub of daily life.
A wide range of clubs and social groups ensures there’s always something to be part of, for those who want to connect with the local rhythm.
Plymouth is within easy reach, with regular bus services and direct rail links to London Paddington.
The A38 connects quickly to Exeter and the M5, while the continental ferry terminal offers onward travel to Europe.
Whether as a full-time residence or a lock-up-and-leave escape, this is a place that offers both connection and retreat in equal measure. Services Mains water, electricity, gas and drainage.
EPC Rating Current: D - 68, Potential: B - 86, Rating: D Council Tax Band D Tenure Freehold Authority South Hams District Council, Follaton House, Plymouth Road, Totnes, Devon, TQ9 5HE, Tel: Fixtures and Fittings All items in the written text of these particulars are included in the sale.
All others are expressly excluded regardless of inclusion in any photographs. Purchasers must satisfy themselves that any equipment included in the sale of the property is in satisfactory order.
Viewing Strictly by appointment with the sole agents, Marchand Petit, Newton Ferrers Office. Tel: .
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Newton Close, Newton Ferrers, Plymouth, Devon
Explore nearby