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West Street, Tavistock

South West

£325,000
Listed on 19/08/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mixed-use property presents an intriguing opportunity in the heart of Tavistock, combining a spacious commercial unit with a sizable 3/4-bedroom maisonette above. The building, which dates back to the mid-17th century and is Grade II Listed, showcases unique architectural features that speak to its historical significance while offering considerable potential for renovation or redevelopment, subject to necessary consents. The ground floor houses a commercial space that previously thrived as a restaurant and has since transitioned into retail use. This versatile area consists of a front sales space with large windows that allow for ample natural light, a rear sales area, and additional storage areas. With its central location among various shops and eateries—including the well-known Cornish Arms Inn directly across the street—this property benefits from significant foot traffic and visibility. Above the commercial premises, the residential accommodation spans two floors and comprises multiple rooms that can be reimagined to suit modern living needs. Features include a generous reception room with a charming marble fireplace and log-burning stove, a kitchen area, and flexible spaces that can serve as bedrooms or additional living areas. The layout offers room for enhancements that could elevate both functionality and comfort. With some refurbishment and design adjustments, this space could cater to various family dynamics or even become multiple residential units. The outdoor area includes a terraced garden at the rear, which currently requires clearing but holds great potential for landscaping or creating an inviting outdoor retreat. While parking is not included with this property, its strategic town center location ensures easy access to local amenities and transport options. Located in Tavistock—a vibrant market town steeped in history dating back to the 10th century—this property is positioned within walking distance of popular landmarks like the Pannier Market and Bedford Square. Moreover, residents will enjoy proximity to recreational facilities such as Meadowlands Park and leisure centers. The towns of Plymouth and Exeter are conveniently accessible for broader amenities and transport links. This property’s dual-use nature makes it particularly appealing for investors looking to capitalize on Tavistock's thriving market environment. Given its current vacant possession status upon completion of sale, there are numerous avenues available for strategic redevelopment or refurbishment projects tailored to meet rising local demand.

Investment Analysis

(PL19 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Monthly Sales
12
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PL19)

Area prices are rising by +8.5% over the last 12 months
3 year growth: 3.3%
5 year growth: 20.1%
Investment Disclaimer: Analysis based on PL19 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

West Street, Tavistock
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