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Manaton, Newton Abbot, Devon

South West

£475,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1087 sqft

Description

This detached cottage offers a unique blend of character and potential, making it an appealing option for those looking to invest in a renovation project. Nestled in the picturesque village of Manaton, within the Dartmoor National Park, the property boasts charming white rendered elevations and is surrounded by serene woodlands, providing captivating views of the rolling countryside. Laurel Cottage features light-filled living spaces spread over two floors. Although the interiors would benefit from modernisation, original details give the home a distinct personality and charm. The ground floor includes two reception rooms, both benefiting from south-facing windows that flood each space with natural light. The comfortable sitting room showcases a stone-built fireplace fitted with a woodburning stove, while the adjacent dining room also features a stone fireplace and ample space for family gatherings. At the back of the cottage, you’ll find a kitchen equipped with base and wall units, alongside an adjoining pantry for additional storage. A utility room and cloakroom add practicality to this floor. The upstairs layout comprises three double bedrooms and a family shower room, offering flexibility for families or guests. Outside, the gardens are a highlight; at the front, you’ll discover an enclosed garden adorned with flowering perennials and bordered by well-maintained hedgerows. Across the lane lies a generous meadow garden that enjoys plenty of sunshine in springtime, perfect for gardening enthusiasts or outdoor relaxation. A terraced stone garden at the rear enhances the charm of this property with its gentle stream flowing through. Parking is conveniently located across the lane on a gravel driveway, and there’s also a versatile detached stone outbuilding that could serve as a workshop or office—a valuable addition for anyone working from home or pursuing hobbies. The surrounding area provides both tranquility and accessibility. The village itself offers essential amenities such as a parish church and village hall, while nearby Bovey Tracey (just five miles away) boasts shops, supermarkets, restaurants, and recreational facilities. Outdoor enthusiasts will appreciate proximity to walking and cycling routes across Dartmoor as well as water sports opportunities along the Teignmouth coast. Exeter is located 16 miles to the north for broader shopping and leisure options while maintaining easy access to major transport routes via A38 Devon Expressway—ideal for commuters traveling toward Plymouth or Exeter city center. Both Newton Abbot and Exeter St David’s train stations offer direct services to London Paddington. With its combination of period features and potential for personalised updates in an attractive locale, this cottage presents an exciting opportunity for buyers looking to create their ideal retreat

Investment Analysis

(TQ13 area)

Above Market Value

This property is priced +29.6% above area average per sq ft

+29.6%
This Property
£437/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£403,250
10% above area average per sq ft
Potential ROI
-26.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ13)

Area prices are falling by +5.4% over the last 12 months
3 year growth: 1.1%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on TQ13 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

Manaton, Newton Abbot, Devon
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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
£1,740
Based on a loan of £356,250 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