Totnes
South West
£375,000
Listed on 23/05/2026
Listed on 23/05/2026
The listing
Property details
Bedrooms
N/AType
Residential DevelopmentFeatures
- Parking
Description
This property presents a compelling opportunity for residential conversion, strategically positioned near Totnes Railway Station on the northern side. Its accessibility to the town centre and the A38 Devon expressway enhances its appeal for future tenants or owners. The structure encompasses approximately 245m2 (2,637 sq ft) of space and includes around 12 designated parking spaces, making it particularly attractive for transforming into three self-contained apartments, as planning permission has been secured for this change of use (application reference 3597/2024/FUL). Utilities such as mains water, gas, and electricity are connected, although they have not yet been tested. With vacant possession available under freehold tenure, this property is primed for renovation work to maximize its investment potential in a desirable location.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
56out of 100
Grade DWeak opportunity
Confidence: LOW
At £375,000, the asking price is exceptionally low against the local average at £142 per sq ft versus £382, making this a compelling acquisition opportunity on the price comparison. The listing also states that full planning consent has been granted to convert the building into three apartments, and highlights around 12 owned parking spaces near Totnes station. Verify the consent and its conditions as part of your due diligence.
The visible work looks like a light external tidy-up: the render is weathered and marked, while weeds and overgrowth around the paved areas offer scope to improve the setting. The photographs are exterior-only, so the interior condition and roof coverings cannot be established. Overall, the cheap entry point and conversion potential stand out, though the limited condition evidence and economics information leave the overall opportunity graded D.
Key opportunities
- Acquire at a strong price relative to the local £/sq ft benchmark.
- Explore the stated planning consent for conversion into three self-contained apartments, subject to verifying the consent and conditions.
- Tidy the weathered exterior and overgrown paved and garden edges; the substantial hardstanding and parking provide a useful starting point.
Key risks
None recorded.
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Transport
Nearest stations
Totnes Rail Station
0.1 miles
Train · Totnes
Paignton Rail Station
5.4 miles
Train · Paignton
Torquay Rail Station
6.6 miles
Train · Torquay
Torre Rail Station
6.8 miles
Train · Torre
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,532
Based on a loan of £281,250 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-16.7% since listed
£375,000£75,000(-16.7%)
04/11/2026£450,000Initial listing
22/05/2026Services
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