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See how verdicts work2-bedroom flat · TQ9 5YY
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A level ground floor apartment in central Totnes, two bedrooms and no onward chain. EPC Band: E.
Situation Set on New Walk, a level stroll from the River Dart and the historic high street, this address places everyday amenities, independent shops, cafés and leisure facilities within easy reach.
Totnes has a well regarded choice of schools and a lively cultural scene, with riverside walks and boating on the doorstep.
The town offers main line rail services to London Paddington, while the A38 Devon Expressway lies about six miles away for swift access to Exeter, Plymouth, Dartmoor and the South Hams coastline.
The Malthouse itself is a sought after and well maintained conversion of former waterside warehouses, enjoying a central setting in one of Totnes’ most attractive riverside quarters.
Description Part of The Malthouse, a respected conversion on New Walk, this ground floor apartment combines level access with a central Totnes address moments from the river and high street.
The setting is well maintained and regarded, giving a relaxed, low maintenance way of living.
Clean finishes and good natural light provide a calm, neutral backdrop that will work with a range of styles. Well suited as a town base, a downsize or a lock up and leave.
Offered with no onward chain. Accommodation A communal entrance opens to a private hall with useful storage that connects the living spaces.
The sitting room provides comfortable proportions for both seating and dining, while the separate kitchen is arranged with fitted cabinetry, work surfaces and space for appliances.
Two bedrooms sit off the hall, served by a modern shower room with a generous run of vanity storage. Outside The development includes a communal patio for residents and a secure bicycle storage area.
Residents on-street parking or seasonal permits for nearby car parks. Services Mains electricity, water and drainage. Economy 7 Dimplex Quantum smart night storage heaters.
According to Ofcom ultrafast broadband and likely mobile coverage available. Tenure The property is leasehold, held on a 199-year lease from 1 January 1987, with approximately 159 years remaining.
The annual ground rent is £44.42, payable annually. The service charge is £495.36 per quarter (£1,981.44 per annum). The development is managed by Carrick Johnson, 184 Union Street, Torquay, TQ2 5QP.
Tel: Directions From Stags’ Totnes office, walk along Coronation Road and cross at the roundabout towards the Waterside Bistro. Continue onto New Walk and The Malthouse will be seen on the left.
Apartment 5 is reached via the main communal entrance
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 The Malthouse, Totnes
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