3-bedroom terraced house · EX39 3SY
Listing removedListed 94 days
Opportunity summary
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About
OVER 60s can secure this property with a HOME FOR LIFE from HOMEWISE Through the Home for Life Plan from Homewise, those AGED 60 OR OVER can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. OVER 60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for OVERS 60s: The Lifetime Lease price for this property is £197,750 based on an average saving of 33%.
Market Value Price: £295,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (UP TO 50%) to safeguard for the future.
For an indication of what you could save, please use our CALCULATOR on the HOMEWISE website. Please CALL for more information or a PERSONALISED QUOTE.
Please note: Homewise DO NOT own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not OVER 60 or would like to purchase the property at the full market value of £295,000, please contact the estate agent Webbers.
PROPERTY DESCRIPTION PLEASE NOTE: THE PHOTOS SHOWN ARE FOR A DIFFERENT PLOT.
MANY OF THE PHOTOS HAVE BEEN VIRTUALLY STAGED FOR ILLUSTRATIVE PURPOSES AND TO GIVE AN IDEA OF THE FINAL FINISHED DEVELOPMENT.
SOME DETAILS AND FINISHES INTERNALLY AND EXTERNALLY MAY DIFFER FROM THE PHOTOS SHOWN. PLEASE CHECK ALL DETAILS PRIOR TO ARRANGING A VISIT OR LEGAL COMMITTMENT.
An exclusive new homes development in the private grounds of one of Northam?s most distinctive period residences, Fairlea House brings together the ease of modern living with the charm, character and sense of place that only a heritage setting can provide.
Set within the grounds of an impressive Grade II listed detached residence, this carefully considered development offers a rare opportunity to enjoy a brand-new, energy-efficient home in a location with real presence.
The first phase comprises just five newly built 3 bedroom terraced and end terraced homes, now complete and ready for occupation.
Designed for modern day ease, comfort and low maintenance living, these homes will appeal to a wide range of buyers, from first time purchasers and young families to downsizers, retirees and investors looking for a smart, future-facing property in a highly desirable North Devon setting.
Fairlea House itself forms a magnificent backdrop to the development.
Formerly a care home, this characterful gentleman?s residence is being thoughtfully restored, refurbished and converted to create nine spacious 1, 2 and 3 bedroom apartments in the next phase of the scheme.
With its handsome elevations, period detailing and established grounds, the original house gives the development a sense of maturity and distinction that sets it apart from a conventional new build site.
The five houses released in Phase 1 have been created with practical, comfortable and stylish living in mind. The accommodation amounts to approximately 90m?
(969ft?) and each home features a bright and spacious open plan kitchen, dining and living area, providing a welcoming heart to the home.
It is a layout made for everyday life: relaxed breakfasts before the school run, informal suppers with friends, quiet evenings in front of the television and easy weekends with the doors open to the garden.
To the rear, double doors lead directly onto generous, mainly level enclosed gardens, creating a natural indoor-outdoor connection and giving each property valuable private outside space.
The kitchens are fitted with stylish contemporary units and built-in appliances, while a ground floor cloakroom adds everyday convenience.
Upstairs, each home offers three well-proportioned bedrooms and a smart family bathroom, finished with modern tiling and contemporary fittings.
Outside, each property benefits from two allocated parking spaces, along with its own enclosed garden.
With an EPC rating of B, the homes are designed to offer greater energy efficiency than many older properties, helping to support lower running costs and making them well suited to buyers seeking a more efficient, manageable and future-conscious home.
They may also be attractive to purchasers exploring green mortgage options, subject to individual lender criteria. The setting is equally compelling.
Chope Road places the development within easy reach of Northam?s everyday amenities, while also being close to some of North Devon?s most loved coastal and countryside destinations.
Northam itself is a popular and well-established community, valued for its local facilities, heritage, open spaces and proximity to the coast.
Independent shops, convenience stores, pubs, takeaways and everyday services are all accessible nearby, while Bideford provides a wider choice of supermarkets, retail outlets, restaurants, caf?s, schooling and leisure facilities.
For healthcare, Northam Surgery is located within the town, with Bideford Medical Centre and Bideford Community Hospital also serving the wider local area.
Families are well catered for with nearby primary schools and Bideford College offering secondary and sixth form education. For those who love the outdoors, the location is exceptional. Westward Ho!
is within easy reach, with its long sandy beach, famous pebble ridge, seafront caf?s, surf, sea air and spectacular sunsets.
Northam Burrows Country Park offers acres of open coastal landscape, wildlife-rich grassland, dunes and estuary views, forming part of North Devon?s UNESCO Biosphere Reserve.
The historic fishing village of Appledore, with its quayside, galleries, pubs and maritime charm, is also close by, while Instow, Bideford and the wider Torridge estuary offer further places to walk, eat, explore and unwind.
The Tarka Trail provides excellent opportunities for walking and cycling, linking Bideford with Barnstaple, Instow and beyond, while the surrounding coast and countryside make this an ideal base for those who enjoy an active outdoor lifestyle.
Further afield, Exmoor National Park, the dramatic North Devon coastline and the beaches of Saunton, Croyde and Woolacombe are all part of the wider lifestyle appeal of this beautiful region.
For travel and commuting, Bideford is close at hand and the A39 Atlantic Highway provides convenient road links along the North Devon coast and towards Barnstaple, where onward connections are available.
This makes Fairlea House a strong choice for those wanting a quieter residential setting without feeling disconnected from work, services or leisure.
Fairlea House is not simply a collection of new homes. It is a small, thoughtfully planned development with character, history and a genuine sense of setting.
For buyers seeking a newly built, energy-efficient and easy-to-maintain home, with private parking, good gardens and the coast close by, Phase 1 at Fairlea House offers a rare opportunity to move straight into a home that feels both practical and special.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Chope Road, Southlea, Northam, Bideford, Devon, EX39
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