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High Street, Totnes

South West

£465,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
1224 sqft

Description

This prominent Grade II listed mixed-use property in the heart of Totnes presents a unique investment opportunity with potential for renovation. Currently comprising a let retail shop and a two-bedroom maisonette, this building stands out for its traditional character and prime location amidst the vibrant community of Totnes. The ground-floor retail unit benefits from significant pedestrian traffic, thanks to its double-fronted design and large display windows that enhance visibility. The separately accessed maisonette features spacious living areas, including two double bedrooms, each retaining historical details such as sash windows and fireplaces. While the commercial space is currently let, there is considerable scope to improve both residential and commercial aspects of the property. Given that the building is Grade II listed, any renovations would need to respect its architectural integrity while modernizing facilities. With local amenities within easy reach and excellent transport links to Exeter, Plymouth, and London Paddington, this property is well-positioned for future growth.

Investment analysis

(TQ9 area)

Below Market Value

This property is priced -3.0% below area average per sq ft

-3.0%
Potential saving
This Property
£380/sq ft
Area Average
£392/sq ft
Avg Rent (weekly)
£305
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£527,183
10% above area average per sq ft
Potential ROI
+0.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (TQ9)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +0.4%
5 year growth: +18.1%
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

High Street, 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
£1,757
Based on a loan of £348,750 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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