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 work2-bedroom terraced house · TQ8 8DW
Listing removedListed 592 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate two-bedroom cottage boasting character and charm situated on the ever-popular Thorning Street, just a short, level stroll into the town centre with its many boutique shops, cafes and access to the sandy beaches of East Portlemouth and Mill Bay.
Thorning Street is a particularly quiet location, being tucked away off the busy thoroughfare of Island Street.
Off the Charts has been beautifully maintained by the current owners and offers stylish interiors together with spacious accommodation throughout.
The heart of the property is the large and well-equipped kitchen diner with breakfast bar which leads through into a cosy sitting room with an exposed stone inglenook fire place with wood burning stove.
The ground floor also has the benefit of a spacious utility room - perfect for sandy shoes and muddy boots alongside a WC and small patio to the rear.
Upstairs there are two generous double bedrooms both with pretty window seats making for a perfect spot to enjoy your morning coffee together with a modern family bathroom with a separate bath and walk in shower.
Paddle steps lead to the third floor offering an occasional bedroom 3/additional living space, with double doors opening out onto a sun terrace with beautiful views of the estuary and across to Snapes Point, making the perfect spot on those warmer evenings.
At the end of Thorning Street, there is direct access onto the water, with ability to moor and launch small boats, free of charge.
Off the Charts has been a lovely holiday home and recently was a profitable holiday let business generating c. £22k net p.a.
Planning permission was granted (now elapsed) for an extension to the existing loft conversion.
Application No.: 2711/19/hho No forward chain further information As part of our transparency policy, we request our sellers fill out a Property Information Questionnaire.
This information can be provided to you. However, we recommend that you verify any information given during the conveyance process.
Council Tax: Not rated Tenure: Freehold Construction: Believed to be of standard construction Electric: Mains Water: Mains Heating: Gas fired Drainage: Mains Broadband: adsl Mobile signal: Parking: No parking Local Authority: South Hams District Council, Follaton House, Plymouth Road, Totnes TQ9 5NE.
Tel: Viewing: Strictly by appointment with Luscombe Maye Directions: from our offices on Island Street, proceed along the road towards the town and Thorning Street will be found on the left hand side.
The property is then found on the right hand side. Lettings: Luscombe Maye also offers an Award Winning Lettings service. Please contact Andrew or Alex at to discuss our range of bespoke services.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About 9,Off the Charts, Thorning Street, Salcombe
Explore nearby