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See how verdicts work4-bedroom semi-detached house · EX31 4TU
For saleReduced £25k (−5.6%) on 25 OctListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming property offers a dynamic setup with a 3 Bedroom semi-detached house and a detached 1 Bedroom barn, presenting an excellent opportunity for dual living or additional income potential.
With no onward chain, it is situated in a fantastic location on the edge of Exmoor, benefiting from a great local pub, post office facilities and breathtaking views through the valley.
The surrounding countryside and nearby coastal walks make this an idyllic setting for those who love the outdoors.
The main house features a welcoming Lounge with a feature wood burner set within a stone surround, complete with a historic bread oven.
The space enjoys ample storage and picturesque views of the garden and valley.
The Kitchen / Diner is light and spacious, showcasing characterful exposed beams, Velux roof lights, a granite worktop with an inset Belfast sink, an Esse solid fuel stove and an electric hob with ovens.
There is generous room for a dining table, creating a perfect space for family meals. The Utility Room, formerly a dairy parlour, provides additional storage, a sink and access to the garden.
A modern downstairs Shower Room offers a 3 -piece suite with a walk-in shower, metro tile surround, electric shower with a direct feed supply, and underfloor heating.
Upstairs, the First Floor boasts a large Main Bedroom with stunning front-facing views, extensive storage, a double wardrobe and a charming inglenook fireplace.
The third Bedroom is well-proportioned with dual aspect windows, allowing for abundant natural light and scenic views.
The Second Floor presents a spacious and airy double room with a versatile dressing room, study, or office space, as well as additional storage and more breathtaking views.
The exterior of the property includes a beautifully maintained large and sunny garden with wild bedding borders, mature shrubs and trees, and uninterrupted views of the valley.
There is also a garden shed and driveway parking for 2-3 vehicles, with potential for additional parking space. The detached 1 Bedroom barn, converted in 2013, is a superb addition to the property.
The open-plan Ground Floor features a charming flagstone floor, a feature fireplace, fitted kitchen units with a Belfast sink and a 2-ring electric hob, and a useful Porch / storage area.
A modern 3-piece Shower Room includes a shower enclosure, slate flooring and an understairs water heater.
The First Floor is bright and spacious, offering a dual aspect layout with Velux windows and flexible space for both a bed and a snug seating area.
Outside, the barn benefits from its own private parking for 2 vehicles and a low-maintenance sunny garden with a wild meadow lawn, a small pond, raised wall gardens, a log store, a garden shed and stunning valley views.
This unique property is brimming with character, space and potential, making it a truly special opportunity in a sought after location.
The delightful and popular village of Challacombe is situated within Exmoor National Park, between Simonsbath and Barnstaple, and offers a Post Office / Convenience Store with Tea Room facilities in addition to an extremely popular pub, The Black Venus, which is renowned for excellent food.
There are primary and secondary schools located nearby including Parracombe, Brayford and South Molton.
Barnstaple Town Centre is within easy driving distance and offers a range of amenities including local and national high street shops, banks and leisure facilities and a branch railway line links Barnstaple with Exeter St.
David’s and Exeter Central. Directions Directions to this property can be easily found by using What3words: From Barnstaple proceed out of town on the Goodleigh Road, signposted Bratton Fleming.
Proceed through the village and at Four Cross Way, turn left onto the A399 (signposted Blackmoor Gate).
Continue on this road and at Friendship Farm, turn right onto the B3358 signposted Challacombe / Simonsbath.
Continue into Challacombe and, immediately after the village sign, the property will be found to be the second property on your right hand side with a For Sale board clearly displayed.
Agent Notes Main House - has mains water, a solid fuel Esse stove heats the hot water in addition to the immersion heater. The Kitchen and Bathroom were completely upgraded in 2017.
There is Planning Permission to extend the main property. The septic tank is shared with the neighbour and costs are spilt 50/50 Barn - converted in 2013. Bio tank. Spring water.
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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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 Challacombe, Challacombe, Devon
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