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 work2-bedroom house · EX32 9BG
Listing removedReduced £15k (−7.1%) on 21 JunListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freehold opportunity - business unaffected return on investment is 10.29% Prime mixed Commercial & Residential property in Newport, a sought after area near Barnstaple Town Centre.
This 4-storey mixed Commercial and Residential building, including an Attic Room, is constructed under a pitched slate roof and benefits from a single-storey rear extension.
The extension provides additional storage for the retail unit and a separate entrance for the residential flats. The Ground Floor features a double-fronted retail unit offering 403 sq. Ft (37 sq.
M) of sales space. The unit is equipped with a kitchenette, toilet, and rear stockroom, with a separate rear access point for added convenience.
Above the shop are 2 self-contained flats: Flat 1 (First Floor): A 1 Bedroom property with a Lounge/Diner, Kitchen, Bedroom, and Shower Room.
Flat 2 (Second and Third Floors): A spacious maisonette comprising a Lounge/Diner, Kitchen, Bathroom, and Bedroom on the Second Floor, with the Third Floor offering an additional Lounge, workspace, and storage area with dual-aspect windows.
To the rear of the property, there is a small yard. Sale details The Freehold interest is offered for sale, including the benefit of existing tenancies.
Retail Unit: Let at £6,500 per annum on a 3-year lease starting May 2024, with a tenant’s break clause after 18 months. Flat 1: Let at £7,320 per annum. Flat 2: Let at £7,800 per annum.
Freehold for sale with existing tenancies, generating £21,620 annual rental income.
Barnstaple Town Centre, the historic and regional centre of North Devon, is surrounded by beautiful countryside and some of the area’s best beaches.
As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre, restaurants and the North Devon District Hospital.
The vibrant town combines modern shopping amenities with a bustling market atmosphere. The A361 North Devon Link Road provides convenient access to the M5 motorway network and beyond.
Exmoor National Park and North Devon’s famous surfing beaches at Croyde, Putsborough, Saunton (also with Championship golf course) and Woolacombe are all within about half an hour by car.
The nearest International airports are at Bristol and Exeter. Directions From our Barnstaple Office, head south on Boutport Street onto Queen Street.
At the roundabout, take the 1st exit onto Belle Meadow Road, and straight at the next roundabout, taking you onto Barbican Road. At the next roundabout, take the 2nd exit onto Victoria Road.
Turn left onto Newport Road, where you will see the shop 'Partylicious & Balloons' and the 2 flats situated above What3Words: Shades.backed.soon
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
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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
Agent & docs
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FAQ
About 25, Newport Road, Devon
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