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See how verdicts work2-bedroom house · EX34 9QB
Listing removedReduced £10k (−5.9%) on 20 MayListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Newly renovated two-bedroom duplex apartment with private entrance and open-plan living. Ideal for first-time buyers or investors, offered chain free.
Property Description - A newly converted two-bedroom duplex apartment with its own entrance and shared private courtyard, ideally located just off Friendship Lane and within close proximity to local amenities, transport routes, and Ilfracombe Harbour.
Perfect for first-time buyers or investors, this stylish home blends period charm with contemporary design and is finished to an exceptional standard throughout.
The property is bright and spacious, featuring bespoke double glazed wooden sash windows, elegant wooden doors, and striking original fireplaces with polished black granite surrounds and ornate cast iron inserts.
The impressive open-plan kitchen/living area has been thoughtfully designed for modern living and entertaining, complete with sleek laminate flooring, quality fitted units, integrated appliances, and a seamless layout.
There are two bright and generously sized double bedrooms, alongside a luxurious bathroom featuring a walk-in shower, freestanding bath, modern tiling, and premium fittings.
Further benefits include a substantial carpeted storage room offering excellent flexibility for storage, a home office, or hobby space.
Location - Ilfracombe town offers a variety of independent shops, theatre, art galleries, restaurants and bars, plus seasonal festivals and recreational activities.
The picturesque seafront and harbour area is home to artist Damien Hirst's iconic ‘Verity’ statue at the harbour entrance.
In addition is the exciting new water sports centre and café making the harbour a hive of activity.
North Devon has a wealth of simply stunning golden sand beaches and has long been a mecca for British surfers.
The area has recently been declared a ‘world surfing reserve’, one of just 12 places on the planet along with the Australia’s Golden Coast and Malibu in California.
For a change of scenery Exmoor National Park offers breath taking rolling countryside, perfect for avid walkers.
Agent Notes - -999 year lease - No service charge as it doesn't utilise the communal areas - Property pays 12.5% of the buildings insurance Directions - From Turners Property Centre, continue west along High Street for approximately two to three minutes, where number 52 High Street can be found on the right-hand side opposite the petrol station.
Follow down the ally way where the entrance to the property will be on your right hand side.
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 Friendship Lane, Ilfracombe
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