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Coffinswell, Newton Abbot, Devon, TQ12

South West

£1,125,000
Listed on 31/05/2025

Property Details

Bedrooms
4
Type
Detached house
Area
4326 sqft

Description

This detached barn conversion offers a unique opportunity to acquire a four-bedroom home with significant renovation and investment potential. Originally constructed in the 1830s, the property has been thoughtfully updated to provide a spacious and bright living environment while still allowing for further customization to suit individual needs. The ground floor features an inviting entrance hall that leads to a dining room showcasing beautiful wood paneling and expansive views of the surrounding countryside. The large kitchen is equipped with granite worktops, an electric hob, oven, and an integrated dishwasher. This area seamlessly connects to a conservatory that boasts south-facing views and benefits from photochromatic glass in the roof to help maintain a comfortable temperature year-round. Adjacent to the kitchen is a utility room and cloakroom with WC, providing practical convenience. A double garage is accessible through a side door. To the left of the entrance hall, stairs lead up to a generously sized sitting room, which highlights original beams and features a prominent fireplace. On the first floor, there’s an additional family room that offers flexible living options. The attic space serves as ample storage but could present opportunities for conversion into additional accommodation if desired. The layout includes four double bedrooms on the ground floor; three equipped with en suites, while the master bedroom offers an extensive dressing area along with glass patio doors leading out to the garden. Each bedroom provides fitted wardrobes and pleasant views of the outdoor spaces. A newly fitted Jack and Jill bathroom services one of the secondary bedrooms. Externally, this property stands on a gravel driveway with parking for multiple vehicles in front of both the house and garage. Gated access leads from the side of the building to rear gardens that are beautifully landscaped and designed for entertaining. The south-facing garden includes a sizeable paved patio area along with a large lawn surrounded by mature flowerbeds. Notably, planning consent has been granted for constructing an additional four-bedroom home within the current garden footprint. Water and electricity connections have already been established, making this plot ripe for development. Situated in Coffinswell—a charming village just 2.5 miles from Maidencombe Beach—this location combines rural tranquility with proximity to coastal attractions. The village is part of a Conservation Area featuring traditional Devon architecture and has a strong sense of community supported by local amenities like a church and pub. Additionally, Torquay is approximately three miles away, offering sandy beaches along with various shops and restaurants. Educational options include well-regarded state and private schools in close proximity. Accessibility is enhanced by direct rail services from nearby Newton

Investment Analysis

(TQ12 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£260/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,484,207
10% above area average per sq ft
Potential ROI
+16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -1.8%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TQ12 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

Coffinswell, Newton Abbot, Devon, TQ12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,121
Based on a loan of £843,750 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE