2-bedroom flat · PL21 0SG
For saleListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AT A GLANCE Hollyhocks is an attractive ground floor two bedroomed apartment situated within the period property Colmer House on the historic Colmer Estate.
Hollyhocks has been fully renovated by the current owners who have run it as a proven, high performing holiday let for the last 5 years.
Hollyhocks also benefits from having 52 week full residential use with no restrictions.
ACCOMMODATION The property comprises of open plan living room, dining area and kitchen, main bedroom with double bed, second bedroom with two single beds and a third fold out bed.
The family bathroom was fully renovated in March 2026.
OUTSIDE Hollyhocks benefits from a mature and private L shaped garden with paved patio area perfect for outdoor dining and relaxing after a day at the coast.
Swing arbour and lawn secured for pets and children by fencing, mature hedges and a gate. Allocated parking is to the front of Colmer House.
THE ESTATE Located approx 8 miles from a wide range of beaches, near the pretty towns of Modbury and Kingsbridge and also close to Dartmoor the estate offers an enviable lifestyle and a compelling guest proposition.
The excellent on site communal facilities include an all year round heated indoor pool, a seasonal heated outdoor pool, tennis court, small gym and children's play area, all located within 28 acres of managed natural land comprised of meadows, woodland and a wildlife lake.
Hollyhocks is only one of 20 privately owned holiday homes on the Colmer Estate. Colmer House has been converted into 7 separate dwellings with Hollyhocks having full residential status.
When purchasing Hollyhocks you will own a 5% share of the freehold of Colmer Estate. Services Mains water and electricity. Immersion heater, modern convection and storage heaters.
Private drainage via a Klargester tank EPC Rating TBC review and new certificate due on 10/6/26 Council Tax Business rated, currently £0 with small business rate relief (SBRR) Tenure The freehold of the estate (DN175518) is owned by TCEF Limited (20 owner shareholders) TCEF Ltd holds absolute freehold title (i.e.
full legal ownership). The freehold includes: Colmer House, Estate buildings,Roads, grounds, woodland, streams and communal areas.
The freehold is subject to long leases granted to each property with each cottage/apartment is held on a 999-year lease from 30 September 1998.
Ground rent is Peppercorn (£0) Authority South Hams District Council Service Charge The annual service charge is currently £5320 per annum (for all estate services the pools areas and grounds maintenance) with an additional payment to the investment funds of £1350 per annum (this includes a capital fund, contingency fund and water treatment fund).
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, Modbury Office. Tel:
Value & comps
No previous sales on record.
Returns
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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.
Area
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FAQ
About Colmer Estate, Modbury, Ivybridge
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