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See how verdicts work4-bedroom detached house · EX38 8QH
For saleListed 455 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £318,250 based on an average saving of 33%.
Market Value Price: £475,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £475,000, please contact the estate agent Webbers.
Property description Welcoming to the market for the first time in many years is this enchanting Grade II listed thatched cottage, believed to date back over 400 years.
This beautifully presented three to four bedroom home is brimming with charm and character, offering a rare opportunity to acquire a true chocolate-box property in the peaceful North Devon countryside.
Set within approximately one third of an acre, the property enjoys glorious gardens, generous living accommodation, ample parking, a single garage and an additional detached double garage just a short distance from the main entrance.
Tucked away near the tranquil village of Peters Marland, the cottage is accessed through a picturesque gate leading into a delightful porch, which in turn opens into the spacious kitchen.
Thoughtfully modernised, the kitchen features integrated appliances, matching wall and base units, an electric hob, built-in sink and plenty of storage.
Just opposite is the first of two sitting rooms ? A warm and welcoming space centred around a large stone fireplace with a wood-burning stove, perfect for cosy evenings.
Off the kitchen, a versatile area previously used as a study or office includes a separate WC and hand wash basin. This leads to the second sitting room ?
A light and generously sized space with another feature fireplace, this time housing a gas fire.
From here, stairs rise to the first floor, and a doorway provides access to the annex section of the home. Upstairs, the property offers three spacious double bedrooms.
One benefits from its own private WC and hand wash basin, while the other two include basins within the rooms and share a well-appointed, modern family bathroom.
Each bedroom enjoys far-reaching views over the surrounding countryside.
To the right-hand side of the property, a secondary porch opens into the annex area, ideal for a dependent relative or teenager seeking more independence.
The ground floor comprises a large room with an impressive fireplace (currently housing a disused oil burner), a separate WC and hand wash basin, and a further room with built-in units, a sink, single shower cubicle and access to the rear of the property.
A staircase leads up to an open mezzanine level with a sleeping area and a window overlooking the gardens.
Outside, the gardens are arranged over several levels, mainly laid to lawn with a variety of paved patio areas and charming stone steps linking the tiers.
A single garage with side access sits at one end of the property, while a detached double garage with additional parking lies further along the lane, opposite the main entrance.
Behind the house, a utility room accessed externally offers useful additional space, along with a large garden shed and the oil tank for the heating system.
Opposite the property is a small patch of land currently featuring a traditional red telephone box. This unique and characterful home offers space, flexibility and a tranquil setting rarely found.
Viewings are highly recommended to fully appreciate all that this wonderful property has to offer.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
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.
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FAQ
About The Old Forge Peters Marland, Torrington Devon, Devon
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