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Fore Street, Kingsbridge

South West

£220,000
Listed on 30/04/2026

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This property presents a unique opportunity to acquire two freehold assets within a Grade II listed building, ideal for both investment and renovation enthusiasts. The ground floor features a versatile commercial unit with substantial window frontage and internal storage, complemented by a rear kitchen area and WC facilities. Having recently seen a long-term tenant vacate, this unit has the potential to generate an annual rental income of around £10,000 once occupied again. Above the commercial space lies a generously sized self-contained flat with significant redevelopment potential. Currently configured as a three-bedroom apartment, there is room for enhancement—potentially adding another bedroom in the attic or converting it into two separate units (subject to local planning permissions). The flat boasts characteristic features such as sash windows and built-in fireplaces but requires modernisation, especially in the bathroom where updates are necessary. The upper levels consist of ample living space including large double bedrooms and an attic space that could be transformed into a liveable area with proper planning. Externally, the small courtyard garden adds to the property's appeal while providing additional storage access for the commercial unit. Located in Kingsbridge, known for its vibrant community amenities, this investment offers not only residential comfort but also commercial viability. Buyers should note that both properties are being offered together as one transaction.

Investment Analysis

(TQ7 area)
Area Average
£391/sq ft
Avg Rent (weekly)
£242
Avg Yield
2.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ7)

Area prices are falling by -8.3% over the last 12 months
3 year growth: -17.3%
5 year growth: -3.6%
Investment Disclaimer: Analysis based on TQ7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Fore Street, Kingsbridge
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£779
Based on a loan of £165,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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