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 work3-bedroom house · PL19 0DJ
Listing removedListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb opportunity to acquire a Victorian period property with three good size bedrooms in a sought-after central Tavistock location, offering significant potential to add value.
This spacious home, arranged over three floors, presents an ideal project for buyers looking to modernise and create a high-quality family home or investment property.
The property retains a number of attractive period features including sash windows, doors, original flooring and picture rails.
The current layout offers excellent scope for reconfiguration, including the potential to create an open-plan kitchen/dining space, a downstairs w/c, upgrade the existing bathroom and add an en-suite bathroom to the top floor principal bedroom (subject to any necessary consents).
Externally, the large terraced garden provides significant potential for landscaping and outdoor entertaining areas, while the sunny rear courtyard and outbuilding offer further flexibility.
The property has already undergone a recent roof survey and repairs, providing reassurance for prospective buyers undertaking renovation works.
Offered to the market chain-free, this is an excellent opportunity for investors, developers or buyers seeking a project in a prime town centre location.
Auctioneer Comments; This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.
These services are optional. Tavistock is a thriving stannary market town in West Devon, nestled on the western edge of Dartmoor National Park.
Tavistock is an ancient town, rich in history dating back to the 10th century and famed for being the birthplace of Sir Francis Drake.
Largely the 19th-century town centre is focused around Bedford Square which is a short stroll from this property.
The town offers a superb range of shopping, boasting the famous Pannier Market and a wide range of local and national shops.
Also there are public houses, cafes, restaurants, social clubs, riverside park, leisure centre, theatre, doctors surgery, dentists and Tavistock Hospital.
There are excellent educational facilities including primary and secondary schools in the state and private sector.
The town has superb recreation and sporting facilities including; Tennis club, bowls club, golf club, cricket clubs, football club and athletics track.
Plymouth, some 15 miles to the south, offers extensive amenities.
The cathedral city of Exeter lies some 40 miles to the northeast, providing transport connections to London and the rest of the UK via its railway links and the M5 motorway.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About 16, Bannawell Street, Devon
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