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Church Street, Modbury, Devon, PL21 0QR - Image 1
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Church Street, Modbury, Devon, PL21 0QR

South West

£900,000
Listed on 04/10/2025

Property Details

Bedrooms
8
Type
Terraced house
Area
3806 sqft

Description

This unique opportunity comprises two interconnected properties located in the center of Modbury, offering significant renovation potential and an expansive plot. Both buildings present a canvas for reimagining living spaces to suit modern needs while retaining their historic charm. The first property, once an 18th-century coaching inn known for its stables, features four bedrooms and retains many original characteristics that could be highlighted during a thoughtful renovation. The ground floor includes an entrance hall leading to a living room, dining room, and kitchen, which provides access to a garage that was formerly a stable. The upper level houses three double bedrooms and a single room, complemented by a bathroom and separate WC. Its Grade II Listing adds an extra layer of significance, making it essential for any restoration efforts to align with preservation standards. Adjacent lies the second property, which boasts contemporary design elements like bay windows and high ceilings. This home also offers four generously sized bedrooms in addition to various communal areas such as a living room and dining space. A downstairs bathroom adds convenience, while French doors from one of the bedrooms lead directly to the garden—a perfect feature for outdoor enthusiasts. The outdoor space is particularly noteworthy; it is comprised of extensive gardens with diverse landscaping elements such as lawns, a small orchard, and outbuildings including a former stable that presents opportunities for conversion or additional storage. The large plot permits the option to divide the gardens into separate spaces for each property or maintain them as a cohesive retreat. Notably, private parking is available through connected stables at one of the homes. Living in Modbury affords residents access to both local amenities and natural beauty. This Georgian town is set within an Area of Outstanding Natural Beauty and serves as an ideal base for outdoor activities—ranging from coastal walks to nearby beaches just 4 miles away. It boasts essential services including shops, schools, health facilities, and convenient transport links such as main bus routes connecting to larger towns nearby. This dual-property offering not only presents immediate residential possibilities but also represents long-term investment potential within a charming historical setting that continues to attract interest. With thoughtful renovations, these properties can be transformed into desirable residences or rental investments in this sought-after area.

Investment Analysis

(PL21 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£236/sq ft
Area Average
£329/sq ft

Renovation Potential

Est. Renovation Cost
£90,000 - £225,000
10-25% of property value
Target Value
£1,375,507
10% above area average per sq ft
Potential ROI
+22.3%
After renovation
Monthly Sales
14
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (PL21)

Area prices are rising by +6.0% over the last 12 months
3 year growth: 3.6%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on PL21 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

Church Street, Modbury, Devon, PL21 0QR
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