We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom detached house · EX31 3PY
For saleReduced £15k (−3.6%) on 23 OctListed 335 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming 4 Bedroom Grade II Listed farmhouse, full of period character and set along a quiet no-through country lane in the heart of Lovacott.
This delightful home offers the perfect balance of rural tranquillity, versatile living space and easy access to Barnstaple and Bideford, whilst also being offered with no onward chain.
The property immediately impresses with its traditional façade, neatly maintained front lawn and private parking, while a gated driveway to the rear leads to an exceptional detached garage block with workshop and first floor studio, currently used partly as overspill accommodation and offering tremendous potential for conversion, subject to planning.
This combination of home and outbuildings provides an ideal mix of character, practicality and versatility.
Inside, the welcoming Entrance Hall with stone-flagged flooring sets the tone for the rest of the home.
The Sitting Room is a standout feature, centred around a magnificent inglenook fireplace with original bread oven, fitted wood burner and exposed beams - a cosy yet impressive space for relaxing or entertaining.
The adjoining Dining Room is equally charming, with a large slate-flagged floor, exposed beamed ceiling and multi-fuel burner, offering plenty of space for family meals or social gatherings.
The recently updated Kitchen, finished in a stylish dark blue theme with a Belfast sink and ample work surfaces, combines practicality with period charm and opens directly to the rear garden.
A handy Utility / Boiler Room and well-presented Shower Room complete the ground floor accommodation, ensuring convenience and flexibility for modern living.
Upstairs, the Main Bedroom, also accessed via a secondary staircase, benefits from fitted wardrobes and an En-suite Bathroom. Two further Bedrooms provide comfortable space and charm.
The fourth Bedroom offers flexible accommodation to suit family needs.
A large walk-in cupboard on the landing presents exciting potential to create an additional bathroom, subject to planning permission. Outside, the rear gardens are a true highlight.
A semi-circular courtyard provides a peaceful suntrap - ideal for outdoor dining or relaxing, while mature planting, stone-flagged paths and a lower garden area create a tranquil and private environment.
The Detached Garage / Workshop / Studio is a rare feature, offering generous parking, practical storage and the potential for creative use, whether as a hobby space, annexe or holiday accommodation.
Set in a sought after location with countryside footpaths on the doorstep, Lovacott is a friendly hamlet centred around a well-regarded primary school, with the village of Newton Tracey just a mile away offering a pub, church and local amenities.
The regional centre of Barnstaple is around 5 miles north, providing excellent shopping, leisure and transport links, while the North Devon coastline, including Instow, Saunton, Croyde and Woolacombe, is all easily accessible.
This delightful home combines character, versatility and a superb village setting, making it a rare opportunity for anyone looking for a period property with modern comforts, generous living space and the potential to adapt or extend to suit their lifestyle.
Directions Directions to this property can be easily found by using What3words: Travelling south on the B3232, just before entering Newton Tracey, on the brow of the hill, bear right signed Lovacott.
Continue to the village and at the centre, immediately after the school, bear left. Follow the no-through lane around to your right and the property will be found 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
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.
Area
Agent & docs
.png)
FAQ
About Lethbridge Farmhouse,, Lovacott, Barnstaple
Explore nearby