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East Allington, Totnes

South West

£650,000
Listed on 07/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3551 sqft

Description

This notable detached farmhouse presents a unique opportunity for those looking to invest in a property with considerable renovation potential. Comprising five bedrooms, the residence is situated in an elevated position that offers expansive views of the surrounding valley. Its substantial layout allows for numerous possibilities, whether you envision it as a large family home or as two separate living units due to its current configuration. The property stands on approximately 0.86 acres, with additional land available by separate negotiation. The setting is serene, nestled within a well-regarded rural community just 1.7 miles from East Allington, which boasts essential amenities like a parish church and a respected primary school. Recreational facilities, including a play area and picnic spots, enhance the locale, making it suitable for families and outdoor enthusiasts alike. Within close proximity to the market town of Kingsbridge—about five miles away—you'll find an array of shopping options, cafes, and restaurants along with a dedicated secondary school. The historic town of Totnes is also nearby, providing further educational opportunities and access to mainline train services to London Paddington. Rimpston Farmhouse has been cherished by the same family for over eight decades and now awaits new owners who can appreciate its character while exploring its enhancement potential. The existing layout features interconnecting spaces that can be transformed into open-plan living areas or restored to their original charm with modern updates. The versatile accommodation includes generous reception rooms with fireplaces and spectacular views from many of the windows. A large loft space adds another layer of potential for expansion or conversion into additional living quarters (subject to necessary permissions). Moreover, there are various outbuildings on the property that could serve multiple purposes once refurbished. Outside, the property offers ample parking and extensive gardens framed by original stone walls. These grounds boast mature trees and an elevated patio area—ideal for outdoor entertaining—alongside potential development opportunities such as garaging or additional landscaping. With its combination of charming rural aspects and modern investment possibilities, this farmhouse invites you to reimagine its future while enjoying all that South Devon has to offer.

Investment Analysis

(TQ9 area)

Below Market Value

This property is priced -52.1% below area average per sq ft

-52.1%
Potential saving
This Property
£183/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£1,492,521
10% above area average per sq ft
Potential ROI
+83.7%
After renovation
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TQ9)

Area prices are falling by +13.3% over the last 12 months
3 year growth: 2.3%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on TQ9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

East Allington, Totnes
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