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Loring Road, Salcombe, Devon

South West

£395,000
Listed on 28/03/2026

Property Details

Bedrooms
3
Type
House
Area
936 sqft

Description

This three-bedroom bungalow presents a unique renovation opportunity in a desirable location in Salcombe, making it ideal for those looking to invest in a property with significant modernisation potential. Offered for sale for the first time in over three decades, this residence offers an excellent foundation to craft a stylish family home, a second getaway, or a holiday rental investment. Conveniently located just off Onslow Road, the bungalow provides easy access to the vibrant town centre of Salcombe and local amenities such as schools, shops, and recreational facilities including the popular swimming pool. The property's layout encompasses an entrance porch leading into a kitchen that overlooks the garden space. A bright sitting room features a stone fireplace and sliding patio doors that seamlessly connect to the rear garden, enhancing its appeal. The ground floor includes a spacious double bedroom along with a family bathroom. Upstairs, there are two additional bedrooms currently configured as a double and twin, one of which boasts picturesque views toward Kingsbridge Estuary through generous windows. Externally, traditional brick construction complements both front and well-maintained secure rear gardens adorned with mature shrubs offering privacy and charm. An attached garage provides ample storage or parking options potentially suitable for boats or outdoor gear. Additional parking is available on the driveway behind metal gates. Located within the scenic South Hams area of South Devon known for its temperate climate and stunning landscapes, Salcombe is renowned for its rich maritime history and natural beauty. The backdrop of sandy beaches, sheltered coves and opportunities for water activities creates an attractive base for any lifestyle pursuit. This property represents not just a home but an investment into one of the UK's most cherished waterfront communities.

Investment Analysis

(TQ8 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£422/sq ft
Area Average
£645/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£663,629
10% above area average per sq ft
Potential ROI
+49.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (TQ8)

Area prices are falling by -16.0% over the last 12 months
3 year growth: -32.5%
5 year growth: -4.2%
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

Loring Road, Salcombe, Devon
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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
£1,425
Based on a loan of £296,250 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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