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Devon Square, Newton Abbot

South West

£350,000
Listed on 21/02/2026

Property Details

Bedrooms
6
Type
Semi-detached house

Description

This property presents a unique investment opportunity, currently configured as two distinct self-contained apartments with separate entrances and central heating systems. The internal layout allows for flexibility; it can remain as two units or be transformed back into a spacious single-family home, subject to relevant approvals. A notable feature is the cellar/basement area, which boasts excellent head height and has already received planning permission in 2005 for conversion to additional accommodation—though this has since lapsed and would need to be re-applied for. Located in the historic Devon Square, an area originally designed in the mid-19th century by the 11th Earl of Devon, this property benefits from high ceilings and original period features such as ornate coving and window shutters, particularly on the ground floor. The surrounding area is rich in green spaces, including Courtenay Park, and offers easy access to the town center with its array of shops and dining options. The gardens are modest yet functional, enclosed by natural hedges for privacy. The property comes with a detached garage at the rear. Potential buyers should note that the current setup may limit standard mortgage options, making it ideal for cash buyers or those utilizing specialist finance solutions.

Investment Analysis

(TQ12 area)
Area Average
£309/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -1.7%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on TQ12 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

Devon Square, Newton Abbot
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 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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