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Chapel Lane, Malborough

South West

£495,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1116 sqft

Description

Nestled in the welcoming village of Malborough, Alston Cottage presents a unique opportunity for those looking to invest in a character-filled home with significant renovation potential. This three-bedroom cottage features spacious accommodations and a generous garden, making it an excellent candidate for a family residence or a project for the discerning investor. The ground floor is designed around an expansive dining and sitting area, complete with a wood-burning stove set within a traditional fireplace—ideal for cozy winter evenings. Adjacent to this space is a bright kitchen and breakfast room that benefits from modern cabinetry and provides access to the upper level via an inviting staircase. On the first floor, the master bedroom offers ample storage through its dressing room with shower, presenting the possibility of converting it into an ensuite bathroom. In addition to the master suite, there are two further bedrooms and a family bathroom available. The outdoor space is particularly noteworthy; the large garden not only offers scenic countryside views but also holds the potential for development (subject to planning permissions). The property includes various outbuildings, workshop space, a sizable garage, and plentiful off-road parking, all of which could enhance functionality or be reimagined for future use. Malborough is known for its vibrant community spirit and boasts conveniences such as a primary school, local pubs, shops, and a petrol station. The village hall hosts diverse activities that foster community engagement. Excellent transport links are available through regular bus services into nearby Salcombe and Kingsbridge—both of which provide access to further amenities including more extensive shopping options and educational facilities like Kingsbridge Community College. Salcombe's stunning coastline, characterized by sheltered waters and sandy beaches, is just approximately 1.5 miles away. With its blend of character features, investment possibilities, and favorable location within this picturesque village setting, Alston Cottage stands out as an appealing option for both families seeking their next home and investors aiming to capitalize on renovation opportunities.

Investment Analysis

(TQ7 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£444/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£474,161
10% above area average per sq ft
Potential ROI
-11.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ7)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -11.3%
5 year growth: 4.9%
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

Chapel Lane, Malborough
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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
£1,813
Based on a loan of £371,250 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