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 work3-bedroom house · TQ8 8DP
Listing removedReduced £50k (−6.9%) on 7 AugListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boasting immaculate and recently renovated interiors, this stunning period property offers spacious, open-plan living in a highly sought-after location, just a short stroll from Salcombe’s town centre.
Upon entering, you are greeted by an inviting atmosphere that flows seamlessly into the expansive open-plan living area.
Thoughtfully designed for both everyday living and entertaining, this versatile space offers comfort and style in equal measure.
The recent renovation ensures a contemporary feel while retaining the charm and character of a period home.
The well-equipped kitchen is beautifully appointed, offering ample storage and functionality, complete with cleverly integrated utility cupboards for added practicality.
Arranged over the upper floors, the first floor hosts two generous double bedrooms alongside a well-appointed family shower room.
Occupying the second floor, the principal bedroom provides a peaceful retreat, benefitting from an ensuite shower room and a charming feature porthole window framing delightful estuary views.
To the rear there is a useful outside shower, space for surf boards and other waters sports equipment together with pedestrian access onto Church Street.
Located in a prime position on Island Street, the property enjoys easy access to the vibrant town centre with its eclectic mix of shops, eateries and amenities.
Directions material information To ensure legal compliance, we require our sellers to complete a Property Information Questionnaire or provide a Material Information Guide along with the title document.
If available, please scan the qr code or access the additional online material information. Alternatively, you can contact our team for this information.
Costs and tenure Tenure: Freehold Council tax band: D EPC rating: C The building Mid-terrace house, standard brick and block construction 3 bedrooms, 2 bathrooms, 1 reception Accessibility adaptations: None Loft access: No Outside areas: Rear garden No spray foam insulation Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Mains gas central heating, installed 1st Jun 2020 Heating features: Double glazing and wood burner Broadband: Fttc (Fibre to the Cabinet) Mobile coverage: O2 good, Vodafone good, Three good, EE good Parking: None In a controlled parking zone No disabled parking available Risks and restrictions Not a listed building In Conservation area CONSAREA_32: Salcombe.
No tree preservation order Title register restrictions (DN539660): - The property is subject to restrictive covenants, which are rules that limit what can be done with the land, as set out in a document from 1928.
These are common and usually intended to protect the local area.
- The current owner has entered into a personal agreement (a covenant) to follow the rules mentioned in the property records and to take responsibility for them.
- There is a standard restriction related to the mortgage which means the lender (HSBC UK Bank plc) must give formal consent for the sale.
This is a routine part of the legal process and will be handled by the solicitors during the move.
No environmental risks recorded No specialist issues recorded Onward chain: No All information is provided without warranty. Contains hm Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
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
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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 7, Island Street, Salcombe
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