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Weymouth Park, Hope Cove

South West

£580,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
961 sqft

Description

This detached bungalow presents a unique opportunity for renovation and investment in the tranquil fishing village of Hope Cove. Nestled on a quiet residential road, the property is conveniently located just a short walk from the beautiful sandy beaches of Inner and Outer Hope, which adds to its appeal for potential holiday rentals or a second home. The home boasts three bedrooms, including two spacious doubles and a master bedroom with impressive sea views. The generous sitting/dining room serves as an inviting central hub, featuring an open fire and a large picture window that showcases the picturesque countryside and coastline. The kitchen/breakfast room comes equipped with essential amenities and offers direct access to the rear garden, allowing for easy outdoor dining options or morning coffee in a peaceful setting. The exterior of the property features well-maintained gardens, with a gently sloping lawn at the rear and an attractive front garden surrounded by mature hedging. A paved terrace provides an ideal spot to relax while enjoying the scenery. Additional conveniences include off-road parking and a single garage. Located within the South Devon Area of Outstanding Natural Beauty (AONB), Hope Cove is situated between Kingsbridge and Salcombe, both renowned for their sailing activities. The village itself offers charming pubs, beautiful beaches, and access to scenic walking along the South West Coast Path—elements that enhance its attractiveness as an investment property. With its picturesque setting and potential for enhancement through renovations, this bungalow could easily become a desirable coastal retreat or rental opportunity in a sought-after location.

Investment Analysis

(TQ7 area)

Above Market Value

This property is priced +56.3% above area average per sq ft

+56.3%
This Property
£604/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£408,305
10% above area average per sq ft
Potential ROI
-31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ7)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -11.3%
5 year growth: 4.9%
Investment Disclaimer: Analysis based on TQ7 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

Weymouth Park, Hope Cove
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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
£2,125
Based on a loan of £435,000 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