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Colmer Estate, Ivybridge PL21 2 bed barn conversion for sale
Colmer Estate, Modbury, Ivybridge
£150,000
Colmer Estate, Modbury, Ivybridge
£150,000
Our Summary
- Located just a short drive from some of South Devon's most iconic beaches, this property is ideal for investors, second-home buyers or those seeking a peaceful escape with the potential to earn a strong rental income
- The EPC is currently rated D, with the potential to improve to C with upgrades
- CONDITIONAL ONLINE AUCTION This property is on offer via our Conditional Online Auction
- Simply click on the Auction Tab, then onto the Live Auctions menu button
- The closing day of our Conditional Online Auction
Description
This stunning countryside retreat is a charming holiday cottage nestled within a 28-acre estate in rural South Devon. The property boasts exceptional shared leisure facilities, including an indoor and outdoor swimming pool, tennis courts, and fishing lake. With eco-conscious heating via an air source heat pump, the cottage is perfect for investors, second-home buyers, or those seeking a peaceful escape. The property has an estimated gross income of £31,500 per annum and an estimated net return of £24,555, making it an attractive yield for those considering Airbnb or holiday let use. The owners are permitted to use the property for up to 11 months per calendar year, and with an EPC rating of D, there is potential to improve to C with upgrades. With its picturesque surroundings and impressive facilities, this property is an ideal opportunity for those looking to own a holiday home with income potential.