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Weymouth Park, Hope Cove

South West

£545,000

Listed on 07/10/2025

Property details

Bedrooms
3
Type
Detached Bungalow
Area
961 sqft

Description

This detached bungalow, located on a tranquil residential street in Hope Cove, presents an enticing opportunity for renovation and investment. Just a short walk from the stunning sandy beaches of Inner and Outer Hope, this property boasts captivating sea views that enhance its appeal. The interior features a spacious sitting/dining area with an open fire and a large picture window showcasing the picturesque coastal landscape. The kitchen/breakfast room, equipped for convenience, opens directly to the rear garden, ideal for those looking to create an outdoor dining space or morning retreat. With three bedrooms—including two doubles and a master with sweeping coastal vistas—this home offers substantial living potential. The layout includes a modern family bathroom and a separate WC, though updates could elevate functionality further. The external areas are highlighted by well-kept gardens which could be transformed into beautiful outdoor spaces. A paved terrace invites relaxation while off-road parking and a garage add to the property's practicality. Situated within the South Devon Area of Outstanding Natural Beauty, near Kingsbridge and Salcombe, this bungalow is not only close to local amenities but also benefits from numerous recreational opportunities. With energy efficiency improvements possible, particularly given the current Energy Performance rating of F, there is room for significant value enhancement through thoughtful updates.

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Investment analysis

(TQ7 area)

Above Market Value

This property is priced +45.7% above area average per sq ft

+45.7%
This Property
£567/sq ft
Area Average
£389/sq ft
Avg Rent (weekly)
£271
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£411,370
10% above area average per sq ft
Potential ROI
-30.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TQ7)

Area prices are falling by -7.3% over the last 12 months
3 year growth: -15.7%
5 year growth: -6.1%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,059
Based on a loan of £408,750 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-6.0% since listed
£545,000£35,000(-6.0%)
20/02/2026
Current price
£580,000Initial listing
07/10/2025

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