Colmer Estate, Modbury, Ivybridge
Ivybridge, Plymouth
£180,000
Property features
- 🌳 28-acre site in rural South Devon
- 🏊♂️ Shared swimming pools (indoor and outdoor)
- 🎾 Tennis courts
- 🎮 Indoor games room
- 🎣 Fishing lake
- 🏖 Proximity to fine beaches: Blackpool Sands, Bigbury-on-Sea, Hope Cove, and Salcombe
- 💼 Potential Income: £31,500 per annum
- 🚫 Service Charge: £6,000
- 🏠 Energy Performance Certificate (EPC): Currently D
- 💼 Tenure Freehold
Summary
Discover the charm of owning a lucrative Airbnb property in the heart of rural South Devon. This stone cottage, with its idyllic 28-acre setting and an array of shared leisure facilities, is an investment and a promising and versatile holiday cottage with an opening bid of £180,000.Details
🏡 INVESTMENT OPPORTUNITY: Stunning Airbnb Property in Rural South Devon
Discover the charm of owning a lucrative Airbnb property in the heart of rural South Devon. This stone cottage, with its idyllic 28-acre setting and an array of shared leisure facilities, is a promising and versatile holiday cottage with a starting bid of £180,000.
Key Features:
🌳 28-acre site in rural South Devon
🏊♂️ Shared swimming pools (indoor and outdoor)
🎾 Tennis courts
🎮 Indoor games room
🎣 Fishing lake
🏖 Proximity to fine beaches: Blackpool Sands, Bigbury-on-Sea, Hope Cove, and Salcombe
Income Potential:
💸 Income Example: £150 per night
📅 30 weeks (210 days) occupancy rate
💼 Potential Income: £31,500 per annum
🚫 Service Charge: £6,000
🌐 Airbnb Fee (3%): £765
💵 Net Income: £24,735
Additional Considerations:
🌿 Green Credentials: Air source heat pump for hot water and heating
🏠 Energy Performance Certificate (EPC): Currently D, but estimated as C for enhanced efficiency
💡 Estimated Utilities:
D: £5,386
Occupancy Rules:
As part of the planning conditions for converting this property from the derelict Mill into holiday apartments, owners are subject to an 11-month residence rule, meaning that the property can be occupied for up to 11 months per calendar year. This is a common regulation for holiday properties, balancing residential use with its role as a holiday destination.
Return on Investment:
📈 Last Year's Net Return: £20,480 (Based on a 30-week occupancy)
💼 Yield Percentage:
£185,000: 11.07%
£190,000: 10.37%
£195,000: 10.1%
This Airbnb property offers a unique blend of comfort, natural beauty, and substantial income potential. Don't miss this opportunity to own a piece of South Devon's tranquillity with a promising return on investment. Contact us now to explore this exceptional property and investment prospect!
Viewings We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please call 01752 875075.
ACCOMADATION Reference made to any fixtures, fittings, appliances or any of the building services does not imply that they are in working order or have been tested by us. Purchasers should establish the suitability and working condition of these items and services themselves.
FLOOR PLAN The floor plans are set out as a guideline only and should not be relied upon as a representation of fact. They are intended for information purposes only and are not to scale. Copyright Hindhead Property Limited 2023.
STAMP DUTY LAND TAX or Land and Buildings Transaction Tax may also apply in some circumstances.
For more info please visit:
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
SERVICES Mains gas, electricity, water and drainage.