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Lake Street, Dartmouth

South West

£185,000
Listed on 14/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
861 sqft

Description

This two-bedroom cottage, spanning three levels, is nestled in the heart of Dartmouth and presents a promising renovation opportunity. The property boasts a roof terrace, which can be transformed into a charming outdoor space. Inside, the lounge features a characterful stone fireplace and an understairs storage cupboard, but will benefit from modern updates throughout to maximize its potential. The kitchen, equipped with base and eye-level units plus a roof window for natural light, requires refurbishment to enhance functionality and style. Moving up to the first floor, you’ll find a spacious bedroom with built-in wardrobes that could use some cosmetic enhancements, as well as a shower room that needs modernization. The second floor houses another bedroom with access to the desirable roof terrace—an ideal spot for alfresco dining or relaxation post-renovation. This property not only offers the charm of cottage living but also substantial investment potential for those looking to create their dream home in this sought-after location.

Investment Analysis

(TQ6 area)

Below Market Value

This property is priced -46.1% below area average per sq ft

-46.1%
Potential saving
This Property
£215/sq ft
Area Average
£398/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£377,325
10% above area average per sq ft
Potential ROI
+67.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TQ6)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -11.4%
5 year growth: -5.4%
Investment Disclaimer: Analysis based on TQ6 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

Lake Street, Dartmouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£667
Based on a loan of £138,750 over 30 years at 4.06% 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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