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Development opportunity, Hope Close, Totnes

South West

£85,000
Listed on 07/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This promising development site is located in a serene cul-de-sac within the sought-after residential area of Totnes. Previously granted planning permission for an end-of-terrace extension, the current layout now offers the potential to construct a detached dwelling on an expanded footprint. Although formal outline or full consent is not currently in place, feedback from local planning authorities indicates that this site is well-positioned within the development envelope and aligns with local plans aimed at meeting housing demands. Initial discussions have shown a positive outlook for building a detached home, while also allowing for modern eco-friendly features such as rainwater harvesting and optimal solar orientation. Covering approximately 150m2, this plot stands as a viable investment opportunity or the perfect canvas for designing your ideal home. The recent completion of a new detached residence across the street lends further credibility to its development potential. For additional insights regarding local regulations, please consult with our agents regarding the Devon Rule.

Investment Analysis

(TQ9 area)
Area Average
£385/sq ft
Avg Rent (weekly)
£285
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (TQ9)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +4.5%
5 year growth: +23.9%
Investment Disclaimer: Analysis based on TQ9 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

Development opportunity, Hope Close, Totnes
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£307
Based on a loan of £63,750 over 30 years at 4.06% 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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