4-bedroom terraced house · TQ8 8EA
Under offerListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Salcombe is one of the most sought after addresses on Devon’s south coast and for good reason; the town is situated on the Kingsbridge and Salcombe Estuary, flanked by the glorious rolling countryside of the South Hams and is renowned for its micro climate which makes it an ideal place for year round living.
Salcombe offers two sandy beaches, North Sands and South Sands and a short boat trip across the water to East Portlemouth provides access to a long sandy beach with hidden coves backed by woodland and coastal paths.
Located in one of Salcombe's favoured locations, Shelter Cottage is at the bottom of Coronation Road and is within a short walk of the boat park, mooring pontoons and town centre.
This charming home has some pretty period features and spacious, bright and airy accommodation arranged over three floors.
The living accommodation on the ground floor comprises a semi-open plan living room bisected by the staircase with glazed panels; the sitting area has a bay window, recessed shelves and an inset gas coal effect fire.
There is cellar storage below the dining area and French doors from the kitchen lead out to the garden. On the first floor are two bedrooms and a family bathroom.
There are two further bedrooms and a shower room on the top floor; the balcony off the rear bedroom has delightful views across rooftops to Batson Creek and Snapes Point beyond.
The garden at the rear has been landscaped for ease of maintenance, a large decked terrace with planted borders provides ample space for outdoor entertaining; beyond the deck is a paved terrace with shed.
There is off road parking for one car at the front and residents parking available on the street.
The current owners have never holiday let the house however rental projections are available on request. SERVICES Mains water, drainage, gas and electricity.
DIRECTIONS On entering Salcombe from Kingsbridge, turn left just before reaching the filling station into Bonfire Hill. Follow this road down the hill and then turn left into Coronation Road.
Shelter Cottage is towards the bottom on the left hand side.
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
Agent & docs
FAQ
About Coronation Road, Salcombe
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