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See how verdicts work2-bedroom house · EX33 2ER
Listing removedListed 216 daysAuction 11 Sep · ended
Opportunity summary
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About
FOR SALE by PUBLIC AUCTION (Unless Sold Before) 3pm on FRIDAY 11th September 2026 at PORTMORE GOLF CLUB, LANDKEY ROAD, BARNSTAPLE.
EX32 9LB In the grounds is a former WWII water tank which offers potential but can also be demolished if required.
This is a rare opportunity to acquire a detached 2 Bedroom bungalow which requires total MODERNISATION AND REFURBISHMENT.
It occupies a large & level site and is very convenient to the village centre and amenities. There is a tremendous amount for scope and potential here!!
It will be along time before anything similar comes to the market. FOR SALE by PUBLIC AUCTION (Unless Sold Before) 3pm on FRIDAY 11th September 2026 at PORTMORE GOLF CLUB, LANDKEY ROAD, BARNSTAPLE.
EX32 9LB Church Mead is a 1960's detached bungalow which requires general modernisation and improvement. It stands on a large plot and in a very convenient and easy level walk to the village centre.
There is tremendous scope and potential to extend the accommodation, whether outwards or upwards (subject to PP), and once done it will then make for a quite superb home.
As it stands on a very good size level plot and there is space and huge scope to demolish and build a bespoke modern home to one's own ideas and requirements.
In the grounds is a former WWII water tank which offers potential but can also be demolished if required. Very few properties in this location now offer this potential.
At present, the bungalow has 2 bedrooms, a sitting room and a good size kitchen with dining area. The wet room has been recently fitted and there are front entrance and rear porches.
The accommodation has gas central heating with solar backup. However, it is the large level gardens which surround the property which are the main feature.
There is ample parking to the front and side with great potential to provide for more. Only when viewed can the full picture be appreciated. This is a very rare opportunity indeed.
METHOD OF SALE; The property is to be sold by pubic auction on Friday 11th September 2026 (unless previously sold) at 3pm at PORTMORE GOLF CLUB, LANDKEY ROAD, BARNSTAPLE.
EX32 9LB PRICE GUIDE; The price guide is an indication of the seller's minimum expectation.
These are not necessarily the figure at which the property will sell and may change at any time prior to the auction.
RESERVE; Each property is offered subject to reserve (the figure below which the auctioneer cannot sell for during the auction).
This figure is confidential but will be set within the guide range of no more of 10% above the auction guide.
The auctioneers reserves the right to bid on behalf of the vendors or withdraw the property from auction in the event of it not reaching this reserve figure.
BUYER'S ADMINISTRATION FEE; In addition to the normal deposit payable to buy the successful bidder they will also be required to pay a Buyer's Administration Fee of £750 plus VAT, This to be paid by separate cheque.
MONEY LAUNDERING; The successful bidder must produce documentation to confirm their name and residential address and if you are the successful bidder, copies will be taken for our reference and kept on file.
SPECIAL CONDITIONS OF SALE; The particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale but in case of any inconsistencies the provisions of the latter shall prevail.
If not attached to these sale particulars, copies of the special conditions of sale shall be obtained either from the vendors solicitors or the auctioneers.
Purchasers must make the necessary enquiries prior to the auction. Local Authority: North Devon Council, Brynsworthy Environmental Centre, Roundswell, Barnstaple, Devon EX31 3NP.
Tel: Solicitors: Messrs Slee Blackwell.
2-6, South Street, Braunton EX33 1AA FAO: Stephanie Cleak Tel: Entrance Porch - 2.07 x 1.53 (6'9" x 5'0") - Sitting Room - 5.79 x 3.66 (18'11" x 12'0") - Kitchen Area - 3.62 x 2.72 (11'10" x 8'11") - Dining Area - 3.62 x 2.58 (11'10" x 8'5") - Side Porch - Bedroom 1 - 3.84 x 3.64 (12'7" x 11'11") - Bedroom 2 - Wet Room - 2.21 x 2.07 (7'3" x 6'9") - Outside Wc - Large Former Wwii Water Tank - Delapidated Garage & Ample Parking - Large Level Gardens -
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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