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Coombefishacre, Newton Abbot

South West

£425,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1419 sqft

Description

Situated in the serene rural hamlet of Coombe Fishacre, this semi-detached former farm cottage offers a unique blend of character and renovation potential. Nestled within the picturesque South Devon countryside, the property is surrounded by rolling farmland and wooded valleys, providing a peaceful retreat while still being conveniently close to essential amenities. The vibrant market town of Newton Abbot is just a short drive away, offering a variety of shops and mainline rail connections. The nearby town of Totnes, known for its dynamic arts scene and selection of independent retailers, adds to the appeal of this location. Outdoor enthusiasts will appreciate the proximity to both the South Devon coastline and Dartmoor National Park, which offer numerous opportunities for walking, riding, and sailing. The cottage itself is an inviting period home with approximately 1,469 sq ft of flexible living space. It presents an exciting opportunity for buyers looking to customize their living environment, as it is not listed and available with no onward chain. The interior features two spacious reception rooms on the ground floor—the sitting room boasts a cozy atmosphere highlighted by a wood-burning stove, while the dining area provides ample space for gatherings. The kitchen includes base units and room for appliances along with access to a handy pantry cupboard. Upstairs, you will find three well-sized double bedrooms along with a family bathroom equipped with a shower over the bath. This layout offers various possibilities for reconfiguration or enhancement according to personal preferences. The property comes with an extensive garden that transitions from a small lawn area at the back to a more formal space adorned with flower beds and shrubbery—ideal for those inclined toward gardening or outdoor entertaining. Additionally, off-road parking is available for two vehicles alongside an impressive traditional agricultural outbuilding that has previously served as both workshop and storage space; this structure opens up numerous possibilities for conversion or expansion (subject to necessary permissions). Further useful storage options include a lean-to at one side of the property and a stone former dairy building located at the rear. The potential for renovation here is significant, enabling buyers to create additional living spaces or enhance existing structures. With mains electricity and water connected, shared private drainage with neighbors, and oil-fired central heating already in place, this property offers a solid foundation for future updates. However, it’s worth noting that mobile coverage may be limited while standard broadband is accessible. Coombe Fishacre presents an appealing opportunity for those looking to invest in property within this charming locale—perfectly suited for either full-time residence or as a holiday retreat near all

Investment Analysis

(TQ12 area)

Below Market Value

This property is priced -4.0% below area average per sq ft

-4.0%
Potential saving
This Property
£300/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£486,845
10% above area average per sq ft
Potential ROI
+0.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -1.8%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TQ12 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

Coombefishacre, Newton Abbot
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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
£1,557
Based on a loan of £318,750 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