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See how verdicts work2-bedroom terraced house · EX39 1RY
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled along the historic and much-loved cobbled street of Irsha Street in the heart of Appledore, Painter’s Cottage is a delightful two-bedroom period fishermans cottage which would make a perfect continuation as a lucrative holiday let or an incredible main residence.
Combining period character with modern comfort and positioned just moments from Appledore’s vibrant quayside, pubs, galleries and cafés, this beautifully presented cottage offers an idyllic retreat with the added bonus of a private courtyard garden.
The cottage itself opens into a cosy, yet surprisingly spacious living/dining area which extends to over 22ft and features stained glass panels in the main door, duel aspect windows and original built in cupboards.
The seating area also features a central stone and rendered chimney breast with electric effect wood burner.
Beyond the living area is a rear hallway with a larger cupboard under the stairs which leads in turn into a ground floor three piece suite bathroom and access to a recently upgraded kitchen.
Fitted with modern units and appliances while retaining a traditional cottage feel the kitchen benefits from a inset sink and drainer, built in oven and four ring hob and a space for a fridge and freezer.
From here, a door opens directly onto the courtyard garden, ideal for morning coffee or evening drinks.
Upstairs off the landing are two comfortable bedrooms, a generous double to the front with views along charming Irsha Street, and a second bedroom which can accommodate guests or be arranged as a twin.
The main bedroom is complimented by a modern ensuite with a W.C and wash hand basin.
The cottage enjoys a private enclosed courtyard garden, a rare find in this part of Appledore, offering a sheltered and low-maintenance outdoor space.
Perfect for al fresco dining, barbecues, or simply relaxing with a book. Also in the courtyard is a brick built store room which could be used as a little summer house.
From Bideford drive towards the A39 Heywood Road roundabout and cross over towards Westward Ho!
After passing the Durrant House Hotel on the right, turn right signposted to Appledore and drive for approximately 1 mile into Appledore itself.
Drive along The Quay, into Churchfield Road then then turn right onto Irsha Street with Painters Cottage which can be found on your left hand side.
Ground Floor Living/ Dining Area (6.9m x 4.1m) Hallway Kitchen (3.66m x 3.02m) Bathroom First Floor Landing Master Bedroom (4.1m x 2.6m) Ensuite Bedroom Two (2.82m x 2.77m) External Brickstore (2.64m x 2.24m) Tenure Freehold Services All mains conntected.
Gas central heating Council Tax Band A EPC E Estimated Rental Income Based on these details, our Lettings & Property Management Department suggest an achievable gross monthly rental income of £950PCM subject to any necessary works and legal requirements.
This is a guide only and should not be relied upon for mortgage or finance purposes. Rental values can change and a formal valuation will be required to provide a precise market appraisal.
Purchasers should be aware that any property let out must currently achieve a minimum band E on the EPC rating.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Painters Cottage, 132, Irsha Street, Bideford
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