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Church Street, Modbury, Devon PL21 - Image 1
Church Street, Modbury, Devon PL21 - Image 2
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Church Street, Modbury, Devon PL21

South West

£900,000
Listed on 05/10/2025

Property Details

Bedrooms
8
Type
Terraced house
Area
3806 sqft

Description

This unique opportunity presents two properties located in the vibrant center of Modbury, both of which offer significant renovation potential and a spacious plot. With ample room for improvement, these homes can be transformed to maximize their appeal and value. The first property, historically known as a Coaching Inn dating back to the 18th or 19th century, features four bedrooms and retains a wealth of character. The layout includes an entrance hall, a living room, a dining room, and a kitchen connected to what was once a stable—now serving as a garage. The first floor hosts four bedrooms: three generously sized doubles and one single, along with a bathroom and separate WC. As a Grade II Listed building, this property offers both charm and the possibility of making it your own while adhering to preservation guidelines. Adjacent to this is the second property—a more contemporary design showcasing bay windows and high ceilings. This home also comprises four spacious bedrooms with the principal suite benefiting from built-in storage and an ensuite bathroom. The ground floor features an entrance hall leading into a living room with bay views, a dining area, and a kitchen that opens to the garden along with a downstairs bathroom. Bedroom three is enhanced by French doors that provide direct access to the outdoor space. The expansive outdoor area shared by both properties offers numerous possibilities for landscaping or leisure activities. Features include varied lawns, a small orchard, walled garden spaces, outbuildings including large detached former stables that could be converted into additional living or recreational space, as well as private parking linked to the Coaching Inn. The garden can be divided for individual privacy or enjoyed in its entirety for larger gatherings. Modbury itself is nestled within an 'Area of Outstanding Natural Beauty' just about four miles from the coast. Once thriving as a market town in the wool trade over two centuries ago, it now boasts an array of local amenities such as shops, schools, health services, and nearby recreational activities including coastal walks and access to Dartmoor National Park. With nearby towns like Kingsbridge offering further shopping options and Plymouth just twelve miles away for more extensive urban facilities, this location balances rural charm with convenient access. Both properties present significant investment potential—whether you’re looking to create bespoke family homes or capitalize on rental opportunities in this desirable area. With creative vision and strategic renovations, these character-rich residences could become highly attractive offerings in today’s market.

Investment Analysis

(PL21 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£236/sq ft
Area Average
£329/sq ft

Renovation Potential

Est. Renovation Cost
£90,000 - £225,000
10-25% of property value
Target Value
£1,375,507
10% above area average per sq ft
Potential ROI
+22.3%
After renovation
Monthly Sales
14
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (PL21)

Area prices are rising by +6.0% over the last 12 months
3 year growth: 3.6%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on PL21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Church Street, Modbury, Devon PL21
Map showing location of Church Street, Modbury, Devon PL21
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