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See how verdicts work3-bedroom terraced house · EX32 7BL
Sold STCReduced £40k (−23.6%) on 25 OctListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within a short, level walk of Barnstaple town centre is this fantastic opportunity to acquire a spacious 3 bedroom end of terrace home, offering great potential for updating and modernisation.
The property is ideally suited to first-time buyers, investors, or those looking to downsize while putting their own stamp on a home.
The accommodation comprises an entrance reception hall, lounge, dining room, and a fitted kitchen to the rear with a door leading out to an enclosed, private courtyard style garden.
To the first floor are two well-proportioned double bedrooms, a family bathroom, and a separate WC.
The second floor provides a further bedroom, ideal as a guest room, office, or additional living space. Further benefits include UPVC double glazing and gas fired central heating.
To the rear, the property enjoys a fully enclosed courtyard-style garden. A generously sized home in a convenient location, offering excellent scope and potential.
From our office proceed along on the inner relief road in the direction of Ilfracombe and Braunton.
Continue through the Bear Street traffic light, and at the next roundabout turn left into Vicarage Street.
Follow this road for a short distance and then take the left into New Buildings where number 2 will be located on the left hand side with number plate and for sale board displayed.
Alternatively, on foot proceed up Bear Street taking a left into Vicarage Lawn. Follow this road to the end, turning right.
Continue along this road taking the 2nd right into New Buildings where number 2 will be situated on the right hand side.
Entrance Hall Lounge 3.53m x 3.23m Dining Room 3.58m x 3.5m Kitchen 3.66m x 2.34m First Floor Landing Bedroom 1 3.66m x 2.62m Bedroom 2 3.35m x 2.62m Bathroom WC Second Floor Bedroom 3 4.5m x 4.34m Tenure Freehold Services All mains services connected Viewing Strictly by appointment with the sole selling agent Council Tax Band B - North Devon District Council Rental Income Based on these details, our Lettings & Property Management Department suggest an achievable gross monthly rental income of £800 to £950 subject to any necessary works and legal requirements (correct at April 2026).
This is a guide only and should not be relied upon for mortgage or finance purposes. Rental values can change and a formal valuation will be required to provide a precise market appraisal.
Purchasers should be aware that any property let out must currently achieve a minimum band E on the EPC rating, and that this rating may increase.
Please refer to your solicitors as the legal position may change at any time.
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 New Buildings, Barnstaple, Devon, EX32
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