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10 Bank Lane, Totnes

South West

£350,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a unique investment opportunity in the heart of Totnes, situated within a short walking distance to Fore Street. With private vehicle access and a charming courtyard, this location offers a blend of convenience and scenic views that extend towards Sharpham and the surrounding countryside. The building features a stone construction that has been repurposed into a commercial space on the ground floor, alongside two residential units above. The ground level consists of an interconnected series of rooms suited for commercial use, along with a main staircase leading to the two residential flats. To the front, there is also a single-story commercial studio with direct access from the private courtyard. Inside, the accommodation includes an entrance lobby and interlinked rooms designed for both functional use and storage. The first flat offers living space that includes a sitting room, kitchen, bathroom, and a balcony overlooking the ground floor studio, while the second flat features an open-plan kitchen/sitting room combination, bathroom, and its own balcony above the entrance lobby. Externally, the property boasts a courtyard that provides vehicular access from Victoria Street—a favorable setup for potential parking solutions or outdoor space enhancements. With its blend of commercial and residential elements, this property holds significant renovation potential. Investors might consider modernizing existing units or repurposing spaces to create additional value. Furthermore, being located in such a desirable area enhances its appeal for prospective tenants or buyers alike. Viewing is available strictly by appointment through Rendells Estate Agents. Interested parties should be prepared to explore this property's potential as it heads to auction, offering options for both immediate use and future development opportunities.

Investment Analysis

(TQ9 area)
Area Average
£386/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £75,000
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

10 Bank Lane, 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
£1,282
Based on a loan of £262,500 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