2 bedroom barn conversion for sale

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2 bedroom barn conversion for sale

Colmer Estate, Modbury, Ivybridge
£180,000

Our Summary

  • INVESTMENT OPPORTUNITY: Stunning Airbnb Property in Rural South DevonDiscover the charm of owning a lucrative Airbnb property in the heart of rural South Devon
  • 1%This Airbnb property offers a unique blend of comfort, natural beauty, and substantial income potential

Description

This stunning Airbnb property in rural South Devon is an investment opportunity like no other. The stone cottage is situated on a 28-acre site with shared leisure facilities, including a swimming pool, tennis courts, and a fishing lake. With a starting bid of £180,000, this property has the potential to generate a significant income, with an estimated £31,500 per annum. The property is fully equipped with modern amenities, including an air source heat pump for hot water and heating, and has a high occupancy rate of 30 weeks per year. The current net income is £24,735, with a potential return on investment of 10-11% per annum. The property also has green credentials, with an estimated EPC rating of C, and the owner is subject to an 11-month residence rule to ensure a balance between residential use and its role as a holiday destination. With its unique blend of comfort, natural beauty, and substantial income potential, this property is a must-see for any serious investor.
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