2-bedroom bungalow · PL8 2NJ
For saleListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Hawthorn is a 75% shared ownership two bedroom dormer bungalow with an impressive entrance. These homes are designed for the later stages in life to secure independent living.
This home is an accessible home including various features to enable wheelchair access and to suit homeowners with limited mobility or specific needs, some options are available prior to certain build stage cut off, please discuss further with our sales executive.
This home is an accessible home, meaning there are various features to enable wheelchair access and to suit homeowners with limited mobility or specific needs, some options are available prior to certain build stage cut off, please discuss further with our sales executive.
The collection of Horizon homes, for Over 55’s, on this development come complete with a high specification throughout including: an induction hob, flooring to kitchens, wet rooms, downlights to kitchen and bathrooms among much more.
100% sales value: £355,000 Minimum share purchase: 75% Purchase price of share: £266,250 Rent per month: £204.00 Rent on unsold equity (£88,750) is charged at 2.75%.
All of the homes have been designed with sustainability in mind.
With predicted EPC ratings of A, these homes include an air source heat pump for efficient heating, solar panels to generate renewable energy and an EV charging point as standard.
These highly sought-after features will help to reduce the environmental impact and lower energy bills.
Collaton Park is a multi-award-winning development situated just a stone’s throw away from the sought after village of Newton Ferrers.
Many of the homes on this development boast outstanding, far-reaching countryside views of the South Devon National Landscape (previously AONB).
The villages offer an excellent range of amenities, including a co-op, post office, pharmacy, delicatessen café, three popular pubs, two churches, yacht club, and a highly regarded primary school.
The estuary is a haven for sailing, paddleboarding, swimming, with deep-water moorings and slipway facilities available locally.
The surrounding coastline and countryside provide wonderful walking opportunities, including the South West Coast Path and National Trust owned stretches of shoreline.
More comprehensive amenities can be found in Yealmpton, Modbury, Ivybridge, and Plymouth, which also provides a vibrant cultural scene, university, and mainline rail connections to London and beyond.
We have many options for you across Collaton Park with our open market homes and a Different Approach collection of homes, so do ask us for more details on other options available to you.
This exceptional development is bought to you by the award-winning developers, Coln Signature Homes and Pillar Land Securities.
DISCLAIMER - Some of the photos used are from a previous Coln Signature Homes development and are provided to give you an idea of a typical Coln Signature Homes finish.
Space, layout, and specification may vary from site to site. Please speak to the sales consultant for further information.
Eligibility Requirements To qualify for this scheme, you should: • Be Over 55 • Priority shall be given to those with a Strong Local Connection to the Parish of Newton Ferrers and Noss Mayo.
Applicants from the adjoining Parishes or wider South Hams will be considered subject to local demand. A copy of the allocations policy is available on request.
About Shared Ownership With the Shared Ownership scheme, you buy a share in a home and pay a discounted rent to the housing provider on the remaining share.
This means it can be easier to secure your new home. You can then staircase, which is when you purchase more shares at a time that is right for you, in most cases, up to 100%.
Once you've achieved full ownership, you'll no longer need to pay rent to the housing provider Services Mains water and electricity. Air source hear pump. Solar powered. High speed fibre.
EPC Rating Predicted Rating - A Council Tax TBC Tenure Leasehold - Shared Ownership Authority South Hams District Council, Follaton House, Plymouth Road, Totnes, Devon, TQ9 5NE, Tel: Service Charge £523.26 annual fee Fixtures and Fittings All items in the written text of these particulars are included in the sale.
All other items are expressly excluded regardless of inclusion in any photographs. Viewing Appointments are recommended to ensure dedicated time with our team and the best possible experience.
However, walk-ins are welcome during our opening hours. The marketing suite and show homes are open Monday to Saturday, 10am – 5pm.
Room Dimensions Ground Floor Kitchen/Dining/Living 5.97m x 3.97m 19’7” x 13’0” WC 1.86m x 2.06m 6’1” x 6’9” Bedroom 2 2.76m x 4.13m 9’1” x 13’6” First Floor Bedroom 1 3.58m x 4.10m 11’9” x 13’5” En-suite 2.23m x 1.83m 7’4” x 6’0”
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 Plot 93 The Hawthorn, 7 Barrage Way, Collaton Park, Newton Ferrers, Plymouth
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