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Mill Tail, Totnes

South West

£425,000

Listed on 19/06/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
2826 sqft

Description

This semi-detached four-bedroom home presents a significant opportunity for those interested in renovation and investment. Located centrally in Totnes, just a short walk from the bustling High Street, this property offers not only convenience but also potential for enhancement. The house includes an integrated garage and additional off-road parking suitable for three vehicles, along with an enclosed south-facing patio garden. The layout spans three floors, featuring a well-sized one-bedroom annexe on the ground floor that could be reconfigured to increase overall living space or provide rental potential. The main portion of the house includes a spacious living room with access to a sun terrace, a kitchen equipped with essential fixtures, plus multiple double bedrooms and bathrooms across the upper levels. While the home requires modernisation to bring it up to contemporary standards, its solid structure and desirable location make it ideal for either personal habitation or as an investment project. With no onward chain, it is an attractive option for buyers looking to add value through refurbishment.

Investment Analysis

(TQ9 area)

Below Market Value

This property is priced -61.8% below area average per sq ft

-61.8%
Potential saving
This Property
£150/sq ft
Area Average
£394/sq ft
Avg Rent (weekly)
£278
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£1,225,255
10% above area average per sq ft
Potential ROI
+157.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ9)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +0.6%
5 year growth: +19.5%
Investment Disclaimer: Analysis based on TQ9 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

Mill Tail, Totnes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,606
Based on a loan of £318,750 over 30 years at 4.45% 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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