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Challaborough, Kingsbridge

South West

£500,000
Listed on 14/03/2025

Property Details

Bedrooms
4
Type
Detached house
Area
893 sqft

Description

Nestled in a prime coastal location, this property is approximately 300 yards from the beach and the South West Coastal Path, presenting an exciting opportunity for renovation or redevelopment. Currently a single-storey dwelling with three bedrooms and spanning around 893 sq. ft., it sits on a generous third-acre plot that features both established gardens and a driveway. With full planning permission already secured for transformation into a four-bedroom, two-storey home, there is ample potential to create a modern residence tailored to current living standards. The proposed plans outline an expansive finished area of approximately 2867.3 sq. ft., allowing for significant customization and enhancement. The surrounding area boasts picturesque coastal landscapes and easy access to the charming village of Ringmore, which is steeped in history as an old smuggling hub. This quaint village offers scenic views over Bigbury Bay and nearby Ayrmer Cove beach, accessible via pleasant walking trails. Essential amenities, such as an award-winning 13th-century pub/restaurant and local church, are within convenient reach. For broader shopping needs, Kingsbridge lies to the east while Plymouth can be found to the northwest. This property’s location not only provides immediate recreational benefits but also positions it as a promising investment opportunity in a desirable seaside community. Transforming this dwelling could yield significant returns in such an attractive area.

Investment Analysis

(TQ7 area)

Above Market Value

This property is priced +41.1% above area average per sq ft

+41.1%
This Property
£560/sq ft
Area Average
£397/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£389,728
10% above area average per sq ft
Potential ROI
-37.6%
After renovation
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ7)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -9.5%
5 year growth: 15.1%
Investment Disclaimer: Analysis based on TQ7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Challaborough, Kingsbridge
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