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Crestway, Strete

South West

£465,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1314 sqft

Description

This detached three-bedroom home is positioned on a substantial corner plot, offering considerable renovation and investment potential. The property features mature gardens, ample off-road parking, and a double garage, making it an attractive option for those looking to enhance its value through modernization. Nestled in the coastal village of Strete within the South Devon Area of Outstanding Natural Beauty, this location serves as a gateway to scenic walking paths along the coastline. Just a short distance away, you can find stunning beaches such as the award-winning Blackpool Sands and the expansive Slapton Sands. The village itself includes essential amenities like a post office and general store, along with a local pub and parish church. Nearby Dartmouth offers a wider range of shops, restaurants, and galleries set against beautiful natural surroundings. For additional convenience, Totnes—known for its medieval charm—is just to the north, providing easy access to a mainline railway station and more extensive services. The home is situated in Crestway, a quiet residential area just moments from the South West Coast Path. This particular property occupies one of the largest plots in a peaceful cul-de-sac and backs onto rolling countryside. Inside, the spacious layout includes a bright sitting/dining room with potential for updating, a conservatory that opens up to the garden—a perfect space for relaxation—and an efficient kitchen equipped with integrated appliances. A utility room adds practicality by providing additional storage and space for laundry. On the first floor, you'll find three generous double bedrooms that capture lovely views of the surrounding landscape. These rooms are served by an accessible bathroom featuring necessary fittings while leaving room for personal touches or complete redesigns. Outside, the property boasts extensive wrap-around gardens primarily laid to lawn with matured shrubs providing privacy. A paved terrace at the rear serves as an inviting area for outdoor dining or entertaining guests. The front features a block-paved driveway leading to a double garage with both manual and electric doors—ideal for storage alongside your vehicles. With its combination of space, location benefits, and renovation opportunities, this home presents exciting potential for investors or those seeking to create their ideal living space in one of Devon's picturesque areas.

Investment Analysis

(TQ6 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£354/sq ft
Area Average
£400/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£577,726
10% above area average per sq ft
Potential ROI
+10.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (TQ6)

Area prices are falling by +14.0% over the last 12 months
3 year growth: -20.4%
5 year growth: -10.4%
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

Crestway, Strete
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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
£1,703
Based on a loan of £348,750 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