According to reports on the Telegraph website, the South Hams area of Devon is home to two places that contain the highest percentage of second homes in the UK – Totnes and Salcombe. If you’re interested in buying Totnes property or Salcombe property it would appear you’re in good company. Latest figures show that 9.7% of all second homes in the UK are situated in these two Devon towns.
Why the fuss? What makes Totnes property and Salcombe property so popular?
Here, we take a look at the South Hams area and pinpoint prices for Totnes property and Salcombe property.
Devon is of course one of Britain’s most popular holiday hotspots. Totnes and Salcombe are located in South Devon and are famed for their stunning views and temperatures that are often a little higher than the rest of the UK. Here, you’ll find rugged cliffs, palm trees (yes, really!), plenty of shops and some highly regarded restaurants. Popular, but not as overrun as locations in neighbouring Cornwall, Devon’s South Hams area is regarded as one of the best places in Britain for family holidays, sailing enthusiasts and romantic getaways.
There are only around 13 miles between Totnes and Salcombe and although the two bear striking similarities there are also significant differences in property prices.
Totnes is a market town that lies on the River Dart within South Devon’s Area of Outstanding Natural Beauty. It has a long and colourful history, dating back to AD 907. These days it’s a lively hub for music, art and theatre. If you fancy the bohemian lifestyle near the sea, Totnes property will suit you down to the ground. Here, you’ll find lots of quaint antiques shops, book stalls and beautiful old buildings.
Totnes property is also ideal for those in search of character and period homes. The town boasts more listen buildings per head than any other in England.
Totnes property prices aren’t exactly cheap but nor are they extortionate. As befitting a popular second home hotspot, prices have been pushed up by second home owners who are not local to the area.
You’re looking for a one bedroom flat at around £110k. A two bedroom flat in the area typically costs around £200k. Two bedroom houses tend to go for around £260k, whilst three and four bedroom houses go for around £300k and £500k respectively.
If you’re looking to buy in this area, be prepared to pay more than you would for Totnes property. The beaches are truly beautiful and it’s a popular location for sailing and yachting thanks to its close proximity to the Kingsbridge Estuary. For a one bedroom flat you can expect to pay around £175k. A two bedroom flat typically costs around £239k. Two bedroom cottages tend to go for around £350k.
For a three bedroom Salcombe property, you’re looking at spending around £349k, whilst a four bed with lovely views costs around £435k.
Check the My Homes Unlimited listings for Totnes and Salcombe property to buy or rent.
Related Property Searches