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South Pool, Kingsbridge

South West

£1,000,000
Listed on 07/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1405 sqft

Description

This unique opportunity involves two semi-detached cottages that have been in the same family for nearly a century, each offering significant potential for modernization. Nestled alongside a creek of the Salcombe estuary, these properties are positioned in a picturesque, waterside location within the charming village of South Pool. South Pool is recognized for its unspoiled beauty and vibrant community atmosphere. The village lies within an area designated as Outstanding Natural Beauty and features access to walking paths, a historic 13th-century church, and the well-loved Millbrook Inn. The surrounding areas offer various outdoor activities, including sailing in Salcombe and exploring scenic routes along the coastline towards Kingsbridge. These unlisted cottages present an exciting renovation project. They are sold as one entity but are on separate titles, allowing for the possibility of restoring them back into two distinct homes or transforming them into a single spacious residence, subject to planning permissions. Each cottage currently has two bedrooms, a reception room, kitchen space (or remnants of it), and a bathroom—ideal for reconfiguration to fit modern living needs. The outdoor space includes a level lawn adorned with primroses at the front and a larger garden at the rear that was previously utilized as a vegetable garden. This area boasts direct views of the estuary, enhancing its appeal for potential landscaping or expansion projects. Additionally, there is a stone barn on-site that could serve various purposes following renovation. Located approximately half a mile from South Pool’s village center, this property is accessible yet offers tranquility away from bustling areas. Essential services such as mains water and electricity are connected; however, private drainage does not conform to current regulations and would need attention upon renovation. High-speed broadband is available here as well. Investors seeking a project with enviable views in an attractive locale may find these cottages an exceptional opportunity to craft something truly special while benefiting from proximity to local amenities and recreational activities in one of Devon’s most desirable regions.

Investment Analysis

(TQ7 area)

Above Market Value

This property is priced +84.3% above area average per sq ft

+84.3%
This Property
£712/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£596,949
10% above area average per sq ft
Potential ROI
-48.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ7)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -11.3%
5 year growth: 4.9%
Investment Disclaimer: Analysis based on TQ7 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

South Pool, Kingsbridge
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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
£3,663
Based on a loan of £750,000 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