We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · EX34 8JH
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first home you can grow into. A next home with the space you’ve been looking for. FIRST TIME BUYER MORTGAGE DEAL (Subject to availability) 5.33% 5 year fixed, 10% deposit, £500 cashback.
Monthly payment £975.73. This is based on a purchase price of £215,000 and a 40 year term. This is a specific First Time Buyer deal and subject to acceptance and lender criteria.
Your home may be repossessed if you do not keep up mortgage or loan repayments secured against it.
Balmoral Terrace gives first-time buyers the chance to start with a home that has room for life to change.
If you are moving on from your first home, its two reception rooms, three bedrooms and enclosed garden offer the extra space you may be looking for, without a long list of jobs to tackle before you settle in.
The bright bay-window lounge is a lovely place to unwind, with an outlook towards the Torrs.
A separate dining room gives you room for meals around the table, entertaining friends or setting up a work space away from the main living room. The modern kitchen looks out towards the rear garden.
Upstairs are two double bedrooms and a third single bedroom that could serve as a nursery, guest room or dedicated home office. A newly fitted bathroom and separate WC add to the practical layout.
The sunny, fully enclosed rear garden gives you your own space to sit out, eat outdoors or enjoy time with children or pets.
The house is well presented throughout and benefits from gas central heating and double glazing, making it easy to picture yourself at home here.
Daily essentials are close by, including Ilfracombe’s High Street, shops, schools and bus services.
The town’s cafés and restaurants, harbour and seafront give you plenty to enjoy locally, with Bicclescombe Park another option for a walk or time outdoors. More information when you need it.
A digital legal pack is available for this property, giving you access to additional information upfront as you consider your purchase.
That can be especially helpful if this is your first time buying, or your first time selling one home to buy another.
Buyers completing their identity checks through our partner Lifetime Legal are also offered three months’ free membership, with the option of Mover Protection among its benefits.
It provides a little extra reassurance as you plan your move: if a transaction falls through for reasons outside your control, you could claim up to £2,800 for moving expenses, subject to the policy terms.
Membership benefits are optional; the leaflet states that membership costs £8.99 after the first three months.
With separate living spaces, a flexible third bedroom, an enclosed garden and more property information available early, Balmoral Terrace is well worth seeing for yourself.
* Mortgage deal published was available as at 26th September. This is deal is subject to lender criteria and acceptance.
For a free, no obligation discussion with our mortgage broker to see what your options are, please call the office to arrange your consultation.
Applicants are advised to proceed from our offices in a westerly direction along the High Street.
Turn first left into Marlborough road immediately opposite Somerfield Supermarket and proceed up the hill. Take the first right hand turn into St.
Brannocks Park Road and No 8 Balmoral Terrace will be found on the left hand side approximately 50 yards along.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs

FAQ
About Perfect For First Time Buyers Or First Time Movers, Balmoral Terrace, Ilfracombe, Devon, EX34
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