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De Courcy Road, Salcombe, TQ8

South West

£1,750,000
Listed on 03/12/2025

Property Details

Bedrooms
3
Type
Detached
Area
1682 sqft

Description

Nestled within a private woodland setting and overlooking the picturesque South Sands Beach, this property presents a remarkable opportunity for renovation and enhancement in Salcombe. Greystones occupies one of the largest untouched plots in the area, boasting stunning views of Start Point and the Salcombe estuary. The interior currently consists of a hall/sitting room with a charming bay window, a kitchen/dining room also featuring a bay view, and three bedrooms, including a principal suite with an en-suite bathroom. Set on approximately 0.77 acres of sloped gardens, there exists significant potential for development. Planning permission has already been secured from South Hams District Council (Ref: 2928/23/HHO) for substantial alterations to improve the layout across three floors. Proposed enhancements include an open-plan ground floor living space, additional bedrooms and bathrooms, and an impressive pavilion-style extension that could augment its footprint significantly. The landscaping plans by award-winning designer Darren Hawkes promise to transform the outdoor spaces into inviting terraces ideal for relaxation and entertainment while integrating pathways through the lush gardens. Further possibilities include additional features such as off-street parking, a garage, a tree house studio, spa area, and even a boathouse contingent upon further planning approvals. This locale not only offers breathtaking views but is also centrally situated near the vibrant amenities of Salcombe, known for its yachting culture and scenic coastal beauty. With local beaches, dining options, and community events close at hand, this property represents both an investment opportunity and a chance to create a bespoke home in one of South Devon's most coveted areas.

Investment Analysis

(TQ8 area)

Above Market Value

This property is priced +57.1% above area average per sq ft

+57.1%
This Property
£1,040/sq ft
Area Average
£662/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£1,225,017
10% above area average per sq ft
Potential ROI
-40.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (TQ8)

Area prices are falling by -25.2% over the last 12 months
3 year growth: -38.1%
5 year growth: -13.6%
Investment Disclaimer: Analysis based on TQ8 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

De Courcy Road, Salcombe, TQ8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£6,243
Based on a loan of £1,312,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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