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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
£382/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TQ9)

Area prices are falling by +13.3% over the last 12 months
3 year growth: 2.3%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on TQ9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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