3-bedroom terraced house · EX34 9NB
Sold STCReduced £13.3k (−8.6%) on 31 JulListed 510 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £154,000 based on an average saving of 33%.
Market Value Price: £230,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £230,000, please contact the estate agent Webbers.
Property description Spacious, Stylish & Incredibly Versatile Character Home with Income Potential This deceptively spacious and beautifully modernised terraced home is perfectly positioned just metres from the High Street in a quiet, tucked-away pedestrian lane.
This charming property blends period character with contemporary comforts, offering flexible accommodation spread over three levels.
Lovingly refurbished throughout, the current owner has effectively rebuilt the interior, creating a bright, airy and high-spec home behind its traditional facade.
One of the standout features is the lower ground floor, which can be used as a fully self-contained annexe or studio flat.
With its own private entrance, it?s ideal for multi-generational living, guest accommodation, or generating rental income.
In recent years, this space has been successfully let at ?650pcm (inclusive of bills), providing a handy ?7,800 per year in supplementary income.
The property is incredibly adaptable?easily used as one spacious three-bedroom home, or divided to suit individual needs.
The lower ground level could serve as an extra reception room, en suite bedroom, home office, gym, or creative space.
Inside, the heart of the home is the impressive 25ft open-plan living, dining, and kitchen area?flooded with natural light and thoughtfully designed for modern lifestyles.
The kitchen features sleek units, integrated appliances (including oven, hob, extractor, dishwasher, and fridge/freezer), and access to a rear Juliet balcony.
A hallway off the kitchen leads to a store cupboard, staircase access to both the upper and lower floors, and a lockable door to separate the annexe when required.
Upstairs, two generous double bedrooms are accompanied by a stylish bathroom complete with both a bath and a walk-in shower. There's also a large linen cupboard and loft access from the landing.
Externally, the home is located along a peaceful no-through lane.
The private rear courtyard includes a useful store/utility room, and separate steps at the front provide independent access to the annexe.
Offered with no onward chain and vacant possession, this property is a rare find?combining quality, flexibility, and location.
Alternatively, the current tenant in the annexe is happy to stay on, offering immediate income potential for the new owner.
Early viewing is strongly recommended to fully appreciate the space, style, and versatility of this unique home.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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About Refurbished Cottage Berkeley Place, Ilfracombe Devon, Devon
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