2-bedroom detached house · TQ5 0PD
Listing removedReduced £25.1k (−6.9%) on 20 JunListed 456 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of Galmpton, Bix Cottage has been a landmark property within the village for hundreds of years.
This two bedroom detached cottage is positioned on the sought after Slade Lane, with the local shop, post office and butchers within walking distance, along with the popular local pub.
The town of Brixham is roughly 2.5 miles away whilst Paignton and Torquay are also within easy reach.
The property has been in the same ownership for over 30 years, its sociable garden and forward facing conservatory mean the owners can watch the world go by chatting to the residents as they walk past.
Internally the cottage is full of character and charm but does now require some modernisation and structural works.
The kitchen is of a modern style, with cottage style units, stone effect worktops, ample space for appliances and bespoke practical features.
A Upvc door leads through to a covered courtyard area, perfect of sitting and enjoying a sunny morning coffee. Just off the kitchen is a handy downstairs wetroom style shower room / W.C.
The real hub of the house is the lounge / dining room, this is in the original part of the property with character stone walls, central fireplace and wooden beam ceilings.
A small study is found off the lounge providing useful storage or an ideal space for a home office.
To the front is the spacious conservatory, with views over the beautiful garden and onto Slade Lane, this is the perfect spot to watch the world go by.
The two bedrooms are located on the first floor, the principal suite comprises of a good sized bedroom leading through to an incredibly spacious en-suite complete with walk in shower, W.C and extensive built in wardrobes creating an abundance of storage.
The second bedroom is a cosy cottage room with wooden floor boards and character features.
Stepping outside, the surrounding gardens have been lovingly maintained by a local resident, previously the head gardener of the close by National Trust property of Greenway House, the quality and style shines through as this garden is truly beautiful, with a range of flowers and shrubs, as well as a fish pond all connected via meandering paths.
To the side can be found a driveway providing sought after off road parking in the centre of the village, as well as a single garage with power and lighting.
The previous owner used this as a workshop, the resultant woodwork was famous within the village!
This character cottage needs to be viewed in order to get a feel for the character and history on offer.
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.
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FAQ
About Bix Cottage, Slade Lane, Brixham
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