The Popples, Colmer Estate, Modbury, PL21 0SG
The Popples, Modbury, PL21 0SG
- 6
Guide Price: *
£190,000
Fees apply
Reservation fee:3.6% (min. £6,000)
All fees include VAT at 20%
Stunning Airbnb Property in Rural South Devon
Discover the charm of owning a lucrative Airbnb property in the heart of rural South Devon.
With its idyllic 28-acre setting and an array of shared leisure facilities, this stone cottage is a promising and versatile holiday cottage with a starting bid of £176,000.
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:
£176,000: 11.64%
£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!
Summary
- Auction end
- 3rd Apr at 14:00
- Property type
- Terraced
- Tenure
- Leasehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- N/A
Summary
- Auction end
- 3rd Apr at 14:00
- Property type
- Terraced
- Tenure
- Leasehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- N/A
This property is being sold by:
Hindhead Property
01752 875075
Hindhead Property Ltd, 18 Mannamead Road, Plymouth, England, PL4 7AA
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Hindhead Property shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Hindhead Property. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.