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See how verdicts work2-bedroom house · PL21 0SG
Listing removedListed 262 days
Opportunity summary
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About
A charming two bedroom property with access to indoor and outdoor pools, parking, tennis court and grounds.
Lock up and leave or holiday let Full Description - Millers Loft at Colmer Estate: Your Charming Countryside Retreat Escape to the picturesque Millers Loft, nestled within the stunning Colmer Estate.
This 2-bedroom barn conversion is a tranquil haven accessed via a private south-facing courtyard, making it the ultimate sun trap for those seeking relaxation and natural beauty.
Ascend the stairs to discover an open-plan layout that beckons you in with its warm embrace.
The well-appointed kitchen features a combinaition of wall and floor cupboards, offering ample storage solutions.
There is a generous amount of countertop space and a modern fitted oven and an efficient electric hob. The fully fitted kitchen, seamlessly merges with a spacious living and dining area.
A large bay window bathes the room in natural light, creating an inviting atmosphere. An alcove offers storage space or a cozy desk nook, perfect for remote work or creative pursuits.
Venture to the second floor to find two generously-sized double bedrooms, each adorned with fitted wardrobes for all your storage needs.
The master bedroom boasts a large bay window, allowing an abundance of light to flood in, creating a serene retreat.
The adjacent family bathroom adds an extra touch of convenience to this charming property.
The property is the perfect country retreat with the use of amazing facilities on the Colmer Estate including indoor and outdoor heated swimming pool, tennis courts, fishing lake, use of 28 acres of woods and fields, and a fitness room.
Each owner has a 20th freehold share of the 28 acres. The property has one allocated parking space and plenty of visitors parking.
Millers Loft has been run as a successful holiday let for over the last 20 years and provides a great investment opportunity or the perfect rural lock-up-and-go.
The location of the Estate is in the perfect position being only a 15-minute drive to local beaches, 20 minutes to Salcombe, 10 minutes to the A38, and a short walk away is the lovely pub of California Cross, a convenience store, and a petrol station.
Please note the property cannot be used as a main residence. Notes: Tenure: Leasehold of a remainder of 999 years from 1998 with a share of freehold of management company.
Services: Mains electricity, water and drainage. Service Charge: Payable in two instalments of approximately £2500 in October and April . Total per annum is approximately £ 5000.
These funds are for the upkeep of the communal grounds, facilities and day to day running's of the estate.
There is an additional contribution towards the sinking fund payable in two six monthly instalments of approximately £125. Total sinking fund contribution of approximately £250 per annum.
Council Tax: We are advised that If the property is let for business then it is eligible for zero business rates to meet the current business rate criteria.
If the property is not let council tax would be payable.
Directions: From Kingsbridge head towards Loddiswell and continue through the village heading on the B3196 until you reach California Cross, take the right at the junction and first right again just after the Spar garage signposted towards Moreleigh, Halwell and Dartmouth.
Continue down the lane and just a short while on your right hand side will be the entrance of Colmer Estate, drive through the stone walls to the parking areas.
IMPORTANT NOTICE: We would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only.
They are prepared and issued in good faith and are intended to give a fair description of the property, but do not constitute part of an offer or contract.
Any description or information given should not be relied on as a statement or representation of fact that the property or its services are in good condition.
Neither Charles Head, nor any of its employees, has any authority to make or give any representation or warranty whatsoever in relation to the property.
Floorplans are for guidance purposes only and may not be to scale. The photographs show only certain parts and aspects of the property at the time they were taken.
Any reference to alterations to, or use of, any part of the property is not a statement that any regulations or other consent has been obtained. .
If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
ALL STATEMENTS CONTAINED IN THESE PARTICULARS AS TO THIS PROPERTY ARE MADE WITHOUT RESPONSIBILITY ON THE PART OF CHARLES HEAD.
Value & comps
No previous sales on record.
Returns
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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.
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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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