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See how verdicts work4-bedroom bungalow · EX34 8LL
For saleReduced £50k (−6.7%) on 25 OctListed 216 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying an elevated position within the idyllic hamlet of Lincombe, just above Lee Bay, this distinguished coastal residence enjoys far-reaching sea and countryside views, offering beautifully proportioned and versatile bungalow accommodation with excellent potential for a self-contained annexe Built in 1972, High Banks is a truly impressive detached bungalow, meticulously maintained and beautifully presented throughout.
Occupying a secluded plot within the small hamlet of Lincombe, this exceptional home enjoys breathtaking coast and countryside views — undoubtedly one of its most outstanding features.
Lincombe sits just above the picture-postcard village of Lee Bay, with a charming lane meandering approximately 1.2 miles down to the bay, recently featured in national television advertisements.
A little further along the coast road lies Woolacombe, renowned for its award-winning surfing beaches and frequently voted among the best beaches in the UK.
Steps lead up to an inviting conservatory/dining room, perfectly positioned to capture some of the finest views the property has to offer.
Double doors open into a wide central hallway from which the accommodation flows effortlessly.
At the heart of the home is an impressive 24ft kitchen/dining room, creating a wonderful entertaining space.
Double doors open directly onto the rear garden, seamlessly blending indoor and outdoor living. A useful utility room is situated just off the kitchen, also providing access to the garden.
From the kitchen/dining room, double doors lead into the front-aspect living room. Off the main hallway are Bedroom Two with en-suite shower room, Bedroom Three and the family bathroom.
Positioned to the opposite side of the property, accessed via a lobby from the kitchen/breakfast room, is the principal bedroom with en-suite bathroom, along with an additional bedroom or further reception room — both enjoying direct access to the gardens.
This section of the property lends itself perfectly to use as a self-contained annexe, ideal for multi-generational living, guest accommodation, or potential holiday letting (subject to any necessary consents).
The property sits within a generous and private plot with well-maintained grounds. To the front, a long driveway provides ample parking and leads to an integral garage with up-and-over door.
The rear garden is arranged over two levels and backs onto open fields, offering a peaceful and private setting.
Immediately to the rear of the bungalow is a substantial patio terrace, ideal for al fresco dining and entertaining, beyond which lies a raised lawn.
Agents Note: The property has mains electricity and LPG gas hob, The heating is oil central heating with oil tank installed in 2019.
There is Solar Photovoltaic panels fitted in 2014 and feed back into the grid. Septic tank drainage.
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 Lincombe, Lee, North Devon, EX34
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