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See how verdicts work2-bedroom flat · EX11 1LD
For saleListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to purchase one of these luxury 2-bedroom ground floor apartments, which is within this stunning Grade ii-listed building, set within communal grounds of approximately 4 acres and conveniently located in the much favoured town of Ottery St Mary.
Salston Manor was originally an 18th century farmhouse which was extended and rebuilt in Elizabethan style in 1845 by William Hart Coleridge, nephew of the poet Samuel Taylor Coleridge.
In the twentieth century, it became a hotel and was the birthplace of the world-famous donkey sanctuary.
The hotel closed in 2007 and has now been beautifully converted as 11 apartments with a further 15 new houses.
This beautiful period converted property boasts breathtaking views over its own private garden to the surrounding countryside beyond.
The luxury accommodation comprises a communal entrance hallway with tiled flooring and an independent door into the apartment.
There it has its own entrance hallway with automatic lights and a useful storage cupboard.
This opens into an open-plan kitchen/dining/living room; the living room has french doors leading onto the rear garden and enjoys stunning views and engineered oak flooring.
The kitchen/dining room has a range of wall and base units, worktop surfaces, integrated dishwasher, fridge/freezer and washer/dryer, built-in oven and hob with extractor over, double larder unit with automatic lights and drawers, engineered oak flooring.
There are 2 bedrooms; the guest bedroom has one wall of sash windows enjoying the stunning views, engineered oak flooring and door into the en-suite shower room, with vanity unit and basin, and fully tiled walls.
The main bedroom also has one wall of sash windows again, to take advantage of the stunning views and engineered oak flooring.
There is the main shower room which has a large shower, vanity unit with basin and fully tiled walls. The property benefits from underfloor heating supplied via a central communal boiler.
Viewing is strongly recommended to fully appreciate this beautiful home in such an idyllic setting.
The outside The property enjoys its own private garden with a large paved patio, lawned garden, gravelled seating area and a pedestrian gate into the communal gardens.
Allocated parking space Directions From Ottery, proceed along Mill Street, go over the river bridge and turn left sign posted West Hill, take the first left towards Tipton St John and Salston Manor will be found on your left.
Continue into the drive and please park on the left.
Location Ottery St Mary, home of the world-famous ‘Tar Barrels’, is one of the oldest and most historic towns in Devon and boasts an array of amenities including a range of independent shops – butcher, greengrocer, bakery, chemist, supermarket etc.
There is an excellent range of schools including The Kings School and a first-class medical centre.
The town also has excellent road and rail links with access to the A30, M5 and London ‘Waterloo’ line only a short drive away. The City of Exeter and its International Airport are also close by.
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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FAQ
About 8 Salston Manor, Ottery St Mary
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