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See how verdicts work1-bedroom flat · EX31 1AU
For saleListed 314 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
COMING SOON - REGISTER YOUR INTEREST NOW! Barum Lodge is a collection of 75 one and two-bedroom retirement apartments.
Ideally located for the town centre, home to a wide variety of High Street stores, supermarkets and independent stores.
These brand-new retirement homes are the perfect base for exploring the north Devon coast as well as the beautiful Exmoor National Park.
This brand-new development benefits from a range of communal facilities including an Owners' Lounge with coffee bar and communal patio with views across the River Taw, Guest Suite and beautiful landscaped grounds.
Standard Features: Apartments at Barum Lodge are self-contained with their own front door providing privacy when you want it, but with a communal Owners' Lounge where you can meet up with like-minded neighbours or join in with one of the regular social events.
All apartments are fitted with a 24-hour call centre support system, video door entry system and an intruder alarm as standard providing you and your family with peace of mind.
A Lodge Manager is responsible for the effective and smooth running of the development. There is a free car park and beautifully landscaped grounds which are maintained on your behalf.
Some apartments at Barum Lodge also feature balconies providing the perfect outside living space.
Kitchens are tiled with colour-coordinated worktops and come fully fitted with a waist-height oven, hob and upright fridge/freezer as standard.
Shower rooms feature low-level shower trays and easy turn taps. Two bedroom apartments feature a separate WC or an en-suite.
We appreciate everyone's household costs will differ, and just how daunting the idea of a service charge can be.
We are here to help you every step of the way, please contact one of the team to discuss your current costs and help you discover just how much you could be saving.
A full service charge budget analysis is available for each individual development.
Barum Lodge is managed by the award-winning Churchill Estates Management, working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and Owner.
The Local Area: Barnstaple is an historic market town and the largest town in North Devon with a bustling High Street offering a wide range of shopping facilities and eateries.
Located on the estuary of the River Taw, Barnstaple lies to the north of Dartmoor and to the west of Exmoor National Park.
The town has many attractive buildings that date back several centuries including St Anne’s Chapel, Barnstaple Castle and The Georgian Guildhall.
Barnstaple enjoys a variety of leisure amenities including the North Devon Leisure Centre with a 25m swimming pool, 102 station gym, sports hall, 3 squash courts, spa and soft play, and the Queen’s Theatre where you can choose from a variety of entertainment.
The town is well placed for trips to the coast with the popular sandy beaches of Woolacombe and Croyde being less than 10 miles away.
There are a lot of great walks to explore from Barnstaple along the River Taw which link up with both the SW Coastal Path and the 180-mile Tarka Trail.
Barnstaple’s historic Pannier Market has a wide range of stalls with everything from fresh local produce, flowers, crafts, art and fashion as well as several cafes.
AGENTS NOTE: The property is leasehold with a new 999 year lease.
There will be an annual service charge which covers the communal services, such as the Lodge Manager, external maintenance of the building and grounds, building insurance, security systems and call monitoring, heating, lighting and the communal lounge.
The aim is to keep the cost for that as low as possible and a full budget analysis will be provided.
Pets are allowed within the building with prior written consent from the Management Company, Churchill Estates Management.
The occupancy criteria states that one of the owners has to be at least 60 years old and a live-in partner of that person has to be at least 55 years old.
Apartments can be let out with the permission of the Management Company but the tenants must be at least 60 years old.
Typical One Bedroom Apartment Communal Hall, Stairs & Lift to All Floors Private Entrance Hall with storage Living Room access to balcony on selected apartments Kitchen Double Bedroom with built-in wardrobe Shower Room
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
FAQ
About North Walk, Barnstaple, Devon, EX31
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