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Park Rise, Salcombe

South West

£450,000
Listed on 28/08/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1014 sqft

Description

Nestled in the sought-after residential neighborhood of Beadon, this detached bungalow presents a valuable opportunity for renovation and investment. Just a short stroll from Salcombe's vibrant town center, the property offers spacious and adaptable living spaces that can be reimagined to meet modern living needs. The heart of the home features a generous living room that boasts picturesque views of the surrounding countryside and distant hills, creating an inviting atmosphere. Adjacent to it is a separate kitchen that opens to a secluded patio area, ideal for outdoor enjoyment. The layout includes two well-proportioned double bedrooms and a bathroom, along with a sunroom complete with patio doors that provide integral access to the single garage. The exterior comprises an enclosed sloped garden at the rear, characterized by established trees and shrubs, contributing to the property's overall charm. With ample space on the plot, including a driveway alongside the garage, there is potential for further enhancement or expansion. The location is particularly advantageous, being within easy walking distance to Salcombe’s array of shops, restaurants, and cafés. The nearby ferries facilitate quick access to popular sandy beaches such as Mill Bay and North Sands. Additionally, outdoor enthusiasts will appreciate the proximity to the South West Coast Path, offering an abundance of scenic trails for exploration. This property represents an appealing opportunity for those looking to invest in a renovation project in a prime location. With its distinctive features and potential for modernization, it invites creative ideas to transform it into a truly remarkable residence.

Investment Analysis

(TQ8 area)

Below Market Value

This property is priced -31.7% below area average per sq ft

-31.7%
Potential saving
This Property
£444/sq ft
Area Average
£650/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£724,620
10% above area average per sq ft
Potential ROI
+51.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TQ8)

Area prices are falling by +15.6% over the last 12 months
3 year growth: -31.0%
5 year growth: -4.4%
Investment Disclaimer: Analysis based on TQ8 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

Park Rise, Salcombe
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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
£1,648
Based on a loan of £337,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE