2-bedroom house · TQ13 0EJ
For saleReduced £3k (−10.7%) on 23 SepListed 715 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Guide Price £30,000 - £40,000 *** Don't miss out on this amazing opportunity to purchase a holiday lodge set in the award winning Finlake Holiday Resort which is easily accessible from the A38 and is in an excellent position to explore the beautiful South Devon countryside and coastline.
Whether you are looking for an investment as a rental opportunity or a holiday home for yourself.
As the address suggests this lodge is only a stone’s throw from the beautiful lake with picnic benches and lots of resident ducks waddling about.
This 2018 Carnaby Lodge is presented in excellent condition throughout and is a bargain. Comprising open plan lounge kitchen diner.
The lounge area has a feature fireplace and double doors onto the deck. The kitchen is fitted with built-in appliances, a dining area and further storage .
An inner hall leads to the two bedrooms both with fitted wardrobes and the master having an en-suite WC. There is also a modern shower room.
Outside the sun deck surrounds two sides with a glorious hot tub ideal for unwinding with a tipple of your choice.
There is an off road parking space right in front of the property for your convenience.
Finlake Holiday Park and Spa is a 5 star award winning holiday resort that is set in 130 acres of beautiful South Devon countryside on the edge of Dartmoor, just half an hour from the sea and boasting outstanding leisure facilities including a heated waterpark complete with thrilling flume rides, a children's water playground and a superbly equipped fitness centre offering classes from yoga to spin along with free-weights.
Feel your cares drift away as you experience the exquisite, immersive treatments offered at Finlake's Sirona Spa complete with 8 treatment rooms, 4 spa experiences including sauna and steam rooms and a huge indoor spa pool with jacuzzi.
Children will also love the outdoor pool with its water slide and great adventure playground.
Nature trails, outdoor tennis courts, two coarse fishing lakes and horse riding provide sporting opportunities for everyone.
It is also superbly located only a few miles from the coastal towns of Dawlish, Teignmouth and the English Riviera.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
Agent & docs
FAQ
About 23 Lakeside, Finlake,, Chudleigh, Devon
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