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See how verdicts work5-bedroom detached house · EX37 9SF
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a former Methodist Chapel of immense character and history, offering over 1,900 sq. ft.
of accommodation, original architectural features, and exciting scope for refurbishment and enhancement, available with the significant advantage of no onward chain.
Offered to the market with no onward chain, The Old Methodist Chapel presents a unique opportunity to acquire a substantial and characterful former place of worship, now arranged as a spacious residential dwelling with exceptional potential for modernisation and improvement.
Occupying a charming village position, the property retains many of the architectural features synonymous with its ecclesiastical heritage, including attractive arched windows, impressive ceiling heights and a striking main reception room with vaulted ceiling and mezzanine gallery.
These features combine to create a home of considerable character and individuality. The accommodation extends to approximately 1,900 sq. ft. and is arranged over three floors.
At the heart of the property is the impressive living room, a wonderfully light and airy space with vaulted ceilings and exposed timberwork, providing an excellent focal point for the home.
The remainder of the accommodation includes a kitchen, dining room, utility areas, family bathroom and up to five bedrooms, offering flexibility for a variety of living arrangements.
While the property would now benefit from a programme of refurbishment, it offers purchasers the opportunity to create a truly special home tailored to their own tastes and requirements.
The combination of generous proportions, distinctive character features and adaptable accommodation makes this a particularly exciting prospect for those seeking a renovation project with significant potential.
Externally, the property benefits from a raised balcony area together with a garden, which is currently overgrown but offers excellent scope for landscaping and enhancement.
In addition, there are two single garages which are now in a dilapidated condition and may require repair or replacement, subject to any necessary consents.
The property's historic chapel façade provides a striking first impression and serves as a reminder of its unique heritage.
A rare and individual property offering an exciting opportunity to restore and enhance a former chapel residence, available for sale with no onward chain.
Located a short distance from Bishops Tawton the Old Methodist Chapel is situated in the hamlet of Cobbaton.
Bishops Tawton offers usual village amenities including popular pubs and restaurants, primary school and some delightful scenic walks.
There is a regular bus route giving access to Barnstaple Town Centre which is some 2 miles in distance; the historic and regional centre of North Devon.
Situated in the valley of the River Taw it is surrounded by beautiful countryside and some of the areas best beaches.
As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre and restaurants.
The vibrant town combines modern shopping amenities with a bustling market atmosphere.
The popular sandy beaches of Woolacombe, Croyde and Instow are within easy reach and the A361 Atlantic Highway provides convenient access to the M5 motorway network and beyond.
The working port and market town of Bideford lies approximately 10 miles away and the cathedral city of Exeter with its university, airport, inter-rail and motorway links is some 40 miles in distance.
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
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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 Cobbaton, Chittlehampton, Umberleigh, Devon, EX37
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