3-bedroom bungalow · EX34 7EJ
Sold STCListed 165 days
Opportunity summary
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About
A single-storey barn conversion with fine sea views in sought-after, timeless & tranquil surroundings between Mortehoe & Lee Bay. EPC Rated C. Council Tax Band D. Freehold.
Situation & Amenities - Situated in an elevated position, overlooking the Atlantic Ocean on the rugged North Devon coast, Lundy Sound lies between Mortehoe and Lee Bay.
Lee Bay is a pretty, unspoilt village within an Area of Outstanding Natural Beauty – a coastal preservation area, a Heritage Coast and an Area of Tranquillity, which is within a quiet, rocky inlet on the North Devon coast, and one of the area’s few remaining unspoilt coastal locations.
The coastal resort of Woolacombe – renowned worldwide for its 4-mile sandy beach – lies approximately 2 ½ miles to the West and offers a small range of shops.
The nearby town of Ilfracombe has the Landmark Theatre and GP surgery, as well as banks, shops, schools and supermarkets.
The regional centre of Barnstaple is about 14 miles and boasts a Pannier Market, live theatre and district hospital.
There is also an extended range of shops including numerous major retailers and supermarkets, as well as leisure and commercial facilities.
The sandy beaches of Croyde, Putsborough and Saunton (also with Championship Golf Course) are within easy reach of the property, as is Exmoor National Park.
Schooling is available in Ilfracombe, Braunton and Barnstaple, as well as the well-regarded West Buckland school, for which there is a bus service within 3 miles of the property.
From Barnstaple the North Devon Link Road (A361) can take you to Jct.27 of the M5 Motorway, and where nearby Tiverton Parkway offers a fast service of trains to London Paddington in just over 2 hours.
The nearest international airports are at Bristol and Exeter.
Description - Lundy Sound is an attractive single storey dwelling, which was converted from former stone and timber stables in around 2009/10. The property is the central one of three dwellings.
We understand that the property to the left is currently used as a 2nd home and to the right, as a holiday let – although all three have residential consent.
The accommodation is bright, spacious and well-presented.
To the rear is a private West-facing garden, arranged with ease of maintenance in mind and an ideal place for Al fresco dining and to watch the sun setting over the ocean.
Accommodation - Glazed uPVC front door leading to ENTRANCE HALL with LVT wood effect flooring, radiator.
The internal part of the hallway is very spacious and offers room to accommodate a STUDY/OFFICE.
UTILITY ROOM housing the oil boiler and consumer unit, carbon monoxide alarm, space and power for a tumble dryer. KITCHEN/DINING/LIVING ROOM a large and bright open plan space overlooking the GARDEN.
Full fitted slab-fronted kitchen in white gloss with stainless steel handles, contrasting dark grey laminate work surface, stainless steel 1.5 bowl sink, drainer and mixer tap, integrated fridge/freezer, dishwasher, oven, hob and washing machine, LVT wood effect flooring, two radiators, heat alarm, patio doors into the GARDEN.
BEDROOM 1 a large double bedroom with built-in wardrobe, fitted carpet, radiator, views over the garden. ENSUITE SHOWER ROOM walk-in shower, wash hand basin, wc, vinyl flooring, extractor fan.
BEDROOM 2 a double bedroom with built-in wardrobe, fitted carpet, radiator. BEDROOM 3 a spacious double bedroom with built-in wardrobe, fitted carpet, radiator.
FAMILY BATHROOM 3-piece white suite, shower over the bath, tiled floor, radiator, extractor fan. Outside - Allocated off-road parking for 3 cars to the front.
Lawned GARDEN with trees to the rear which is fence enclosed. There are wonderful views out to the Atlantic Ocean. Services - Mains water and mains electricity. Oil-fired central heating.
Shared private drainage to a septic tank.
Directions - W3W///lilac.splashes.unwraps From Mullacott Cross on the A361 to the north of Braunton and south of Ilfracombe, proceed west on the B3343 towards Woolacombe and Mortehoe.
Continue along this road for approximately 3 miles, and after the sharp right-hand bend, take the next turning on the right into Mortehoe Station Road signed towards Mortehoe.
Follow this road for approximately half a mile and upon reaching Borough Cross turn right into Warcombe Lane.
Continue down this road for about 1 mile and Lundy Sound will be found on the left, identified by our For Sale board.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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