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West Street, Tavistock

South West

£325,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This freehold mixed-use property offers a unique opportunity for renovation and investment in the vibrant town of Tavistock. Located centrally, it features both a commercial space on the ground floor and a spacious 3/4-bedroom maisonette above, making it ideal for various potential uses, subject to necessary approvals. The ground floor consists of a generously sized retail area with prominent street visibility. Historically, this versatile space has functioned as a successful restaurant and more recently as a retail shop, showcasing its adaptability to different business models. The rear of the commercial unit includes additional storage areas that could be repurposed depending on your business needs. Above, the maisonette occupies the first and second floors, providing considerable living space that can benefit from refurbishment. The accommodation includes a large reception room with charming features such as a marble fireplace and log-burning stove, alongside a fitted kitchen, family bathroom, and multiple bedrooms. There’s also an option to reconfigure the layout to create additional units or redefine living spaces; all possibilities hinge on securing the required planning permissions. The property's location is one of its strongest assets; nestled amidst local shops, eateries—including the notable Cornish Arms Inn right across the street—Bedford Square, and other community amenities such as the Pannier Market and Wharf Art Centre. Tavistock itself is steeped in history and offers an appealing mix of culture and modern conveniences. Its proximity to Plymouth (approximately 15 miles south) and Exeter (about 40 miles northeast) further enhances its attractiveness for both residents and potential business operators. At the rear of the property lies a terraced garden that needs some attention but holds great promise for outdoor relaxation or even possible landscaping enhancements. It should be noted that there is no allocated parking with this property. With essential services including mains water, electricity, gas, drainage connections, and ultrafast broadband availability already set up, investors can focus on realizing their vision for this unique premises. The building is currently being offered with vacant possession upon completion after existing tenants conclude their lease. This presents a timely opportunity for new ownership to explore various avenues for income generation or personal use within this historically rich market town.

Investment Analysis

(PL19 area)
Area Average
£305/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PL19)

Area prices are rising by +7.6% over the last 12 months
3 year growth: -0.8%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on PL19 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

West Street, Tavistock
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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
£1,191
Based on a loan of £243,750 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