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Marine Parade, Dawlish, EX7

South West

£490,000
Listed on 05/06/2024

Property Details

Bedrooms
12
Type
Detached house

Description

This detached former guest house is a distinctive property located along the scenic seafront of Dawlish, Devon. With 12 bedrooms and 11 bathrooms, it features a spacious layout that offers substantial potential for renovation or redevelopment, subject to the necessary planning permissions. The property boasts unique architectural elements that reflect its historic charm, providing a solid foundation for a transformative project. The location is one of the property's most appealing aspects. Positioned directly on the coastline, residents can enjoy stunning panoramic views of the sea and immediate access to Dawlish’s renowned sandy beaches. The vibrant coastal atmosphere, combined with nearby attractions like Dawlish Warren Nature Reserve, enhances the appeal for those looking to invest in an area known for its natural beauty and recreational opportunities. Dawlish itself offers a blend of independent shops, cafes, and local restaurants within walking distance. This charming town hosts numerous events throughout the year, fostering a strong sense of community that adds to its livability. Additionally, the famous Dawlish Railway Line runs along the coast nearby, making it a notable spot for railway enthusiasts and providing convenient transport options. This property presents an exciting opportunity for investors interested in exploring various developmental possibilities. Options such as converting it into luxury apartments or creating boutique hotel accommodations could be pursued, tapping into the growing demand for unique seaside experiences in this area. With some outside space at the rear and a lovely balcony on the first floor showcasing coastal views, this building offers both charm and functionality. Its proximity to local amenities ensures convenience for future occupants or guests. Overall, this property stands out as an enticing prospect in Dawlish’s real estate market—ideal for those looking to embark on a significant renovation project or investment venture while capitalizing on its prime location by the sea.

Investment Analysis

(EX7 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX7)

Area prices are rising by +5.0% over the last 12 months
3 year growth: 6.5%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on EX7 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

Marine Parade, Dawlish, EX7
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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
£1,795
Based on a loan of £367,500 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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