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Old Mill Lane, Dartmouth, Devon, TQ6 - Image 1
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Old Mill Lane, Dartmouth, Devon, TQ6

South West

£1,450,000
Listed on 03/08/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3302 sqft

Description

This detached four-bedroom home, set on just under half an acre, offers a unique opportunity for renovation and investment. Originally built by the current owners, the property provides ample living space across three levels while also presenting significant potential for enhancement, subject to any necessary permissions. The layout prioritizes spaciousness and natural light. The ground floor features a welcoming entrance hall/study that opens into an expansive open-plan kitchen and breakfast area, seamlessly connected to the sitting room. This central hub of the home is designed for both family gatherings and entertaining, showcasing a well-appointed kitchen with a central island and an Aga stove that combines gas and electric components. French doors from both the dining area and sitting room extend onto a sun terrace, offering views over the picturesque South Hams countryside—ideal for outdoor dining or relaxing with a drink. In addition to this inviting open space, there’s a formal dining room equipped with its own fireplace and access to the terrace, further enhancing the entertaining options. Convenience is key on the ground floor with a utility/laundry room adjacent to the kitchen and a separate cloakroom. Ascend via a striking spiral staircase to discover four double bedrooms on the first floor. The principal bedroom impresses with vaulted ceilings, exposed beams, stunning countryside views, and an en suite bathroom featuring both a bathtub and separate shower. One additional bedroom boasts French doors that lead out to a generous balcony with breathtaking vistas. The lower ground floor currently serves as a garden room/studio along with storage space but could be transformed into extra living quarters or leisure areas such as a gym or games room. With over 1,300 square feet of adaptable space available here, this level presents numerous possibilities for expansion or self-contained accommodation pending requisite approvals. Outside, the property features carefully landscaped gardens with generous terraces designed to maximize scenic views—perfect for enjoying sunny days. There’s parking available for multiple vehicles in both tarmac and gravel areas; previous planning consent was granted for the construction of a double garage that remains unbuilt. Located on the outskirts of Dartmouth near Old Mill Creek—a charming wooded valley along the River Dart—the property benefits from proximity to local footpaths and walks. Just about a mile from Dartmouth’s vibrant town center, residents can enjoy an array of shops, restaurants, cultural venues like galleries and pubs, as well as educational facilities including primary and secondary schools. The local community hosts various annual events such as food festivals and regattas. Dartmouth itself lies within the South Devon Area of Outstanding Natural Beauty within the

Investment Analysis

(TQ6 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£439/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£233
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£145,000 - £362,500
10-25% of property value
Target Value
£1,482,846
10% above area average per sq ft
Potential ROI
-18.2%
After renovation
Monthly Sales
7
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TQ6)

Area prices are falling by +8.2% over the last 12 months
3 year growth: -15.6%
5 year growth: 3.0%
Investment Disclaimer: Analysis based on TQ6 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

Old Mill Lane, Dartmouth, Devon, TQ6
Map showing location of Old Mill Lane, Dartmouth, Devon, TQ6
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