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Steep Hill, Maidencombe, Devon

South West

£550,000

Listed on 26/06/2026

Property details

Bedrooms
1
Type
Detached Bungalow

Description

Nestled behind an elegant wrought iron gate at a secluded end of a lane, this chalet bungalow represents a unique opportunity for renovation and investment. With its stunning garden—meticulously crafted over the years—this property blends seamlessly into its tranquil surroundings, offering picturesque views of both the sea and rolling hills. The entrance features an arched porch that leads into a spacious hallway, which showcases the crafting potential of this home. The living room boasts a large bay window framing the lush landscape while the kitchen and dining area benefits from previous enhancements that opened up space for better flow and light. Although currently functional with built-in appliances, there is room to upgrade and modernize these areas for improved aesthetics and efficiency. A useful laundry area connects to a versatile garden room, ideal for creating additional living space if desired. The loft room, characterized by timber-clad ceilings and dormer window views, presents an excellent opportunity to transform it into a more formal bedroom with proper planning permissions. Externally, the enchanting garden invites creative enhancement; gravel paths wind through various sections, each presenting unique planting schemes ripe for further development or simplification. The expansive timber deck provides plenty of space for outdoor relaxation while overlooking the meticulously landscaped grounds. This property offers substantial potential not just as a residence but also as an investment opportunity in the picturesque region of Maidencombe. It stands within easy reach of local amenities while retaining a secluded charm, making it appealing for both personal residence or rental yield.

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Investment analysis

(TQ1 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£224
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ1)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -2.1%
5 year growth: +4.8%
Investment Disclaimer: Analysis based on TQ1 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

Steep Hill, Maidencombe, Devon
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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
£2,078
Based on a loan of £412,500 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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