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See how verdicts work2-bedroom terraced house · EX36 3HR
Listing removedListed 348 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 Higher Locks is a charming, Grade II Listed cottage, beautifully maintained and part of a picturesque row of three traditional thatched homes.
Set in an elevated, south-facing position in the village of North Molton, it offers an idyllic living space or holiday retreat. The property is available with no onward chain.
The cottage is accessed via stone steps leading to a thatched entrance porch and stable door, opening into a character-filled sitting room.
This room boasts exposed beams, a window seat, and a 'Woodwarm' multi-fuel burner, making it a standout feature of the home.
A few steps lead to a lobby area, where there is space for a washing machine, an under-stairs cupboard, the boiler, and stairs to the first floor.
The ground floor also includes a kitchen/diner with a stable door opening to the rear garden.
The kitchen is well-equipped with well fitted wooden wall and base units, a continuous worktop with tiled splashback, and a sink and drainer.
It features an integrated hob with extractor hood, an electric oven, an integrated fridge freezer, and a dishwasher, plus space for a dining table and chairs.
Upstairs, a split-level landing leads to two double bedrooms, a bathroom, and a storage cupboard.
The main bedroom is a spacious double with a front-facing gothic-style window and exposed timber beams.
The second bedroom is also a generously sized double with dual aspect windows, and ample space for furniture. The partly tiled bathroom includes a WC, washbasin, and a bath with a shower attachment.
At the rear of the property is a tiered, low-maintenance garden, primarily laid with patio slabs and complemented by sections of established plants and shrubs.
The top tier offers distant views of the surrounding countryside, providing a serene outdoor space to enjoy.
From our office in the Square in South Molton proceed along East Street turning left onto Station Road and continuing straight on until reaching the A361 North Devon Link road.
Cross the A361 following the signs for North Molton and continue for just over 2 miles.
Upon entering the village continue down East street and 3 Higher Locks Cottages can be found on the left hand side.
What 3 Words: fills.climbing.widely Services Mains water, electricty and drainage. LPG gas central heating. Woodburning Stove.
Viewing Strictly by appointment with the sole selling agent Webbers Tenure FREEHOLD Council Tax C - North Devon District Council
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 East Street, North Molton, South Molton, Devon, EX36
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