- Mid 1800's Detached Villa
- Currently Generating An Annual Income In Excess of £40,000
- Flats And Cottage With Rental Income
- All Units Are Currently Occupied
- Substantial Gardens
- Further Potential To Create Additional Income
- Parking For Over 10 Cars
- Close to Newton Abbot Town Centre
- Outstanding Panoramic Views
- EPC - TBC
This delightful and substantial Victorian Villa is named after the 12th Duke of Somerset, Edward Seymour who built the property in 1853. This south facing Villa, the first on Knowle hill, was designed and positioned to maximise the panoramic views toward Wolborough Hill and onward toward the Dukes Berry Pomeroy Castle estate some 8 miles to the south.
The property still enjoys stunning views across the vibrant town of Newton Abbot which offers excellent facilities.
This main house is listed grade 2 although the rear parts are not. Consents have been acquired to extend / adapt the main building and the former coach house to provide an extremely comfortable 3-bedroom, 3-bathroom residence with impressive south facing reception rooms together with super modern kitchen together with 5 discreet letting units producing a significant income.
The property lends itself to suit a variety of needs and also offers the ability separate off a further self-contained unit if needing to accommodate another family member or indeed maximise income. This is flexible elegant private accommodation that can only be fully appreciated by inspection.
Tenancies and Income
All the 4 apartment's, studio & cottage are let on 6 month AST's and offer (on a 60:40 split) about a 10% return on capital. We believe there is also tremendous scope for holiday / AirBnB lettings to increase the in-come from the fantastic demand in the post covid world for "staycation" holidays.
Please see Floor Plans for layout and approximate room sizes and total areas.
The grounds comprise a tarmacked drive-way rising to a level plateau. Each letting unit has an allocated space and the main house has parking for at least two vehicles.
The main house has private gardens to the western side gated from the parking area with large patio area enjoying the views, fish pond and storage sheds and a lower lawned area also with another shed.
There is also separate communal garden to the rear of the site for the tenants use.
Main house - E
Cottage - D
Studio - C
Flats 1-4 - D
Newton Abbot has great communications with easy access to A380 at nearby Penn Inn connecting direct to the M5 at Exeter. There is a mainline station offering direct multiple outward and return connections to London Paddington in approximately 2hrs 35mins.
The area offers the ability to indulge in the best of Devons lifestyle with the 365 square mile Dartmoor national park a few miles to the north and the vibrant coastal towns of Dartmouth and Salcombe and plethora of beaches of the South Devon coastline. The area is also well served with schools with Stover Independent school and the renowned Torbay Grammar schools for both Boys and Girls at the other end of the South Devon link road 20 minutes away.