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Blackawton, Totnes

South West

£650,000
Listed on 07/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2597 sqft

Description

This property presents a distinctive opportunity to acquire two neighboring cottages in the picturesque village of Blackawton, providing significant potential for transformation into a single residence, pending planning approval. Set amidst the scenic landscapes of the South Hams, these cottages come with generous gardens, outbuildings, and dedicated parking. The village boasts a tight-knit community with essential amenities including a primary school, local shop, village hall, and the well-regarded George Inn. Just 8 miles from Totnes, residents can easily access larger towns and cities such as Exeter and Plymouth via major routes and a mainline railway station. The accommodation comprises 1 Below Chapel featuring a sitting room, an open-plan kitchen/diner, utility area, two bedrooms, and a bathroom; while 2 Below Chapel offers two reception rooms, kitchen, three bedrooms, shower room and WC. Both properties retain traditional elements and provide flexible layouts that lend themselves well to modernization or reconfiguration. With outdoor spaces including individual rear gardens and useful outbuildings—1 Below Chapel includes stone-built storage and a gardener’s WC while 2 Below Chapel features lawned areas—the potential for enhancing these homes is considerable. Additionally, there are options for developing the parking area into sheds or even a garage/workshop (subject to necessary consents). Essential services are connected including mains electricity, water and drainage along with bottle LPG central heating.

Investment Analysis

(TQ9 area)

Below Market Value

This property is priced -35.2% below area average per sq ft

-35.2%
Potential saving
This Property
£250/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,103,686
10% above area average per sq ft
Potential ROI
+43.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ9)

Area prices are falling by +7.6% over the last 12 months
3 year growth: 0.9%
5 year growth: 20.5%
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

Blackawton, Totnes
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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
£2,381
Based on a loan of £487,500 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