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See how verdicts work4 × 2-bed flat · EX34 8EP
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within large, very private grounds, the property enjoys far-reaching views across Ilfracombe, the surrounding countryside and towards the sea and Welsh coastline.
The rear garden of the property backs directly onto the Cairn Nature Reserve.
Occupying an elevated position on the outskirts of Ilfracombe, Cairnwood represents a rare and exciting opportunity for a purchaser looking to take on a substantial property with considerable renovation potential to suit their own requirements.
The property is currently arranged as six self-contained apartments, all of which have the benefit of planning permission for full residential use.
However, the size, layout and overall nature of the building could make it suitable for a variety of other future uses.
Subject to all necessary planning permissions, building regulations and other consents, a purchaser may wish to retain the existing six-unit arrangement, combine the accommodation to create two or three adjoining properties, or undertake a more extensive reconfiguration to create one impressive large residence.
A significant attraction is the property's setting.
Many of the principal rooms enjoy excellent sea and countryside views, while the grounds provide approximately 21⁄4 acres of terraced woodland gardens and woodland.
The terraced gardens were in the past laid to lawns and had lovely views.
Purchasers could potentially return the terraces back to lawns and regain the views with some further shrub and tree reduction.
There is also a useful large cellar providing workshop and storage space.
Cairnwood is approached via its own private driveway, leading to a substantial parking area with space for approximately nine vehicles, together with a single garage.
This level of parking, combined with the extensive grounds and flexible internal accommodation, further enhances the property's potential whether retained as multiple accommodation or reconfigured into fewer, larger homes.
Internally, the property at present consists of two one-bedroom and four two- bedroom apartments with potential for further bedrooms with remodelling.
Numerous windows are positioned to take advantage of the impressive outlook.
One of the largest rooms is a particularly spacious lounge measuring approximately 24'3" x 19'4", enjoying superb views towards the sea and countryside.
There is also a large roof terrace from which the surrounding scenery can be appreciated.
Situated on the edge of the popular North Devon coastal resort of Ilfracombe, the property is within convenient reach of the town's harbour, shops, schools, supermarkets, leisure facilities and coastline.
The renowned beaches of Woolacombe, Croyde, Putsborough and Saunton are also accessible, while Barnstaple, North Devon's principal regional centre, lies approximately 13 miles away.
In summary, Cairnwood is not a conventional turn-key purchase but a substantial property offering genuine scope for transformation.
Its combination of extensive accommodation, approximately 21⁄4 acres of grounds, private parking and outstanding coastal and countryside views creates an unusual opportunity for a purchaser prepared to undertake a comprehensive programme of modernisation.
Whether envisaged as one substantial residence, two or three adjoining properties, or retained and upgraded as six individual apartments, the property offers considerable flexibility, subject to the necessary consents.
An internal viewing is strongly recommended to fully appreciate the scale, setting and potential on offer.
Applicants are advised to proceed from our offices passing through the High Street taking the A361 out of town bearing left at the War Memorial. Continue up St.
Brannocks Road and the property is last on the right just before the right hand bend leading into Mullacott Hill. Proceed up the drive and go to the rear of the property following signs to Reception.
View this property Please contact our Ilfracombe Office on viewing strictly by appointment
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 Cairnwood,, St. Brannocks Road, Devon
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