1-bedroom house · EX32 8HR
Listing removedReduced £5k (−3.8%) on 21 JunListed 302 days
Opportunity summary
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About
A versatile terraced mixed-use property in a central town location, currently arranged as a ground floor commercial/office unit with a one-bedroom flat above.
Offering excellent flexibility, the property is ideal for an owner occupier, investor, or potential conversion to two residential units, or reconfiguration back to a single dwelling (subject to planning).
Conveniently located just a short walk from the bus station and main high street. The property is in need of some modernisation but offers excellent rental potential. No onward chain.
Positioned in a prime central location within Barnstaple Town, this attractive terraced mixed-use property presents a rare and highly versatile opportunity, well suited to a range of purchasers including owner occupiers, investors, and developers.
The property is currently arranged with a ground floor commercial unit/office space, complemented by a first floor one-bedroom apartment, allowing for immediate income potential or flexible occupation.
Subject to the necessary planning consents, there is clear scope to convert the building into two self-contained residential units or to reconfigure the accommodation back into a single private dwelling, making this an adaptable asset for both short- and long-term strategies.
Ideally situated just a short walk from Barnstaple bus station and the town’s main high street, the property enjoys excellent access to local amenities, retail, cafés and transport links, enhancing both lifestyle appeal and rental demand.
While the building would benefit from a programme of modernisation and upgrading, this is reflected in the opportunity on offer and allows an incoming purchaser to add value and tailor the space to their requirements.
With its central town position, strong rental potential, and flexible use options, this property represents a compelling investment or lifestyle purchase.
Offered to the market with no onward chain, it provides a straightforward and appealing opportunity in one of North Devon’s most convenient and well-connected locations.
Ground Floor Commercial Unit Reception Room (3.58m x 2.96m) Office Area (3.58m x 4.18m) Kitchen (1.15m x 3.33m) Cloakroom (2.08m x 1.31m) First Floor Flat Entrance Hall Separate rear entrance door to flat, stairs to first floor accommodation.
Landing Bedroom (3.1m x 2.32m) Shower Room (1.46m x 1.71m) Lounge (2.99m x 3.12m) Kitchen (3.01m x 1.45m) Agents Note Mixed use property, residential and commercial. All eicr compliant.
Previous rental income - ground floor £300pcm, first floor £550pcm.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About 3, Silver Street, Devon
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