3-bedroom house · EX23 9HW
For saleReduced £10k (−4.1%) on 12 AugListed 189 days
Opportunity summary
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About
Houndapitt Farm Cottages is a series of traditional stone and slate barns which have been converted into a courtyard of charming barn conversions for holiday use only.
Having been let previously for many years as successful holiday rentals they are now being sold separately and would make the perfect second home or investment property given the proven track record.
Located less than a mile from the popular surfing beach of Sandymouth and rugged National Trust coastal path these are perfectly located for a ‘great escape’, yet are within easy reach of the nearby coastal Town of Bude (4 miles approx) with its amenities and services.
Verity is a mid terrace cottage and comprises; a entrance hall, open plan kitchen/living/dinning room, three bedrooms, ensuite shower to the principal bedroom and a separate bathroom.
Outside there is allocated parking for one vehicle and garden to the rear with a patio seating area and lawn.
Property description Houndapitt Farm Cottages is a series of traditional stone and slate barns which have been converted into a courtyard of charming barn conversions for holiday use only.
Having been let previously for many years as successful holiday rentals they are now being sold separately and would make the perfect second home or investment property given the proven track record.
Located less than a mile from the popular surfing beach of Sandymouth and rugged National Trust coastal path these are perfectly located for a 'great escape', yet are within easy reach of the nearby coastal Town of Bude (4 miles approx) with its amenities and services.
Verity is a mid terrace cottage and comprises; a entrance hall, open plan kitchen/living/dinning room, three bedrooms, ensuite shower to the principal bedroom and a separate bathroom.
Outside there is allocated parking for one vehicle and garden to the rear with a patio seating area and lawn. The property is sold fully furnished, ideal turnkey property.
Entrance hall Entering via wooden door to entrance hall with stairs ascending to the first floor, night storage heater, tiled flooring and stairs descend down to:- open plan kitchen/living/dining room 16' 11" x 15' 2" (5.16m x 4.62m) A bright and spacious dual aspect room with UPVC double glazed window to front elevation overlooking the courtyard, UPVC double glazed window and door to rear elevation overlooking the garden and countryside.
Door to under stairs storage cupboard, wood laminate flooring and tiled flooring to the kitchen area.
Kitchen is finished with a range of matching wall and base units with fitted worksurface over, inset sink and drainer with mix tap over, attractive tiled splashback, inset electric oven, inset hob, dishwasher and under counter fridge.
Bedroom three 8' 3" x 7' 4" (2.51m x 2.24m) UPVC double glazed window to the rear elevation, double bedroom with built-in wardrobe, wall-mounted flat screen television, independent bedside light switches and electric heater.
First floor Doors serve the following rooms:- bedroom one 10' 00" x 8' 8" (3.05m x 2.64m) A double bedroom with a Velux window to the rear elevation with countryside and coastal views, beams to ceiling, and independent bedside light switches and electric heater.
Door to:- ensuite 8' 9" x 6' 4" (2.67m x 1.93m) Aqua board panelling to two walls, corner shower enclosure with mains fed shower ceiling mounted soak head, slate countertop with freestanding basin, push button low flush WC, chrome heated towel rail, wood effect vinyl flooring, wall mounted electric fan heater and built-in storage.
Bedroom two 16' 8" x 7' 9" (5.08m x 2.36m) A twin bedded room with beams to ceiling, Velux window to the rear elevation with coastal and countryside views, built-in wardrobe, wall-mounted flat screen television, independent bedside light switches and electric heater.
Bathroom 6' 6" x 6' 2" (1.98m x 1.88m) Aqua board panelling to four walls, 'P' shaped bath a curved glass shower screen, mains fed shower with ceiling mounted soak head, separate hand attachment, pedestal wash hand basin, push button flush WC electric heated towel rail and wood effect vinyl flooring.
Outside To the front of the property there is allocated parking for one vehicle in the courtyard.
To the rear of the property there is a paved patio seating area and an area laid to lawn with a pedestrian gate to the rear. Council tax Band B services Mains water, mains electricity.
Private drainage via a shared sewage and water treatment plant. Use of free electricity from a 4Kw solar pv system. Tenure Freehold.
A service charge will also be required to cover the costs of the private drainage, communal insurance etc of £78.36 per calendar month.
Agents note Please note that Houndapitt Farm has a 52 week holiday use occupancy restriction, which means they can only be used for the purpose of holiday accommodation, therefore, lending themselves as ideal investment properties, or for those looking for a second home to escape to.
They cannot be used as a prime principal residence. As a seasonal home specified for use as holiday accommodation the 100% council tax premium on second homes does not apply.
Value & comps
No previous sales on record.
Returns
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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.
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