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See how verdicts work2-bedroom semi-detached house · EX23 9DS
For saleReduced £10k (−4.1%) on 25 OctListed 260 days
Opportunity summary
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About
An opportunity to acquire this 2 bedroom semi detached converted chapel with a light and spacious open plan living room/kitchen diner on the top floor, 2 double bedrooms with a bathroom on the ground floor and a courtyard garden area to the front of the residence.
The cottage is located within the heart of this popular historic village, within walking distance from local amenities and a short drive to the coastal town of Bude and its popular local beaches.
Available with no onward chain the property would be well suited for first time buyers or as a second home/holiday let. EPC rating D. Council Tax Band B.
2 The Old Chapel enjoys a pleasant location in Spicers Lane which is situated in the centre of this characterful and ancient market town supporting a useful range of local amenities including General Stores, Post Office, Public Houses, Take Away, Places Of Worship, Hospital, Medical Centre etc.
The adjacent town of Bude offers a wider range of shopping, schooling and recreational facilities as well as lying amidst the rugged North Cornish coastline famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of watersports and leisure activities together with breathtaking cliff top and coastal walks.
The bustling market town of Holsworthy is some 10 miles inland whilst the port and market town of Bideford is some 28 miles in a north easterly direction providing a convenient access to the A39 North Devon Link Road which connects in turn to Barnstaple, Tiverton and the M5 motorway.
Directions From Bude town centre proceed out of the town along Stratton Road and upon reaching the A39 turn left sign posted Bideford, take the right hand turning onto the A3072 and proceed down into the centre of Stratton passing The King Arms.
After passing the bus stop on the left, take the left hand turning into Howells Road which continues into Spicers Lane and the property will be found within a short distance on the right hand side.
Communal Entrance Porch Entrance Hall 13' 11" x 6' 3" Bedroom 1 12' 4" x 11' 8" Bedroom 2 11' 3" x 7' 10" Bathroom 7' 9" x 6' 9" First Floor Landing Open Plan Lounge/Kitchen Diner 31' 9" x 11' 4" Outside 2 The Old Chapel is accessed via a shared pathway from Spicers Lane, offering a sense of seclusion while remaining conveniently close to the centre of Stratton.
The entrance is shared with one neighbouring property, adding to the quiet, community feel of this charming property.
To the front, the property benefits from a low-maintenance courtyard-style approach with space for potted plants or a small bench.
While there is no private garden or outside amenity space, the surrounding countryside and nearby green spaces provide excellent opportunities for walking and recreation.
Additionally, residents benefit from free on-street parking to the rear of the property. Services Mains electric, water and drainage.
Council Tax Band B EPC Rating D Anti Money Laundering Before any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose.
We carry out this through a secure platform to protect your data.
Each purchaser will be required to pay £20 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.
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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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.
Area
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FAQ
About Spicers Lane, Stratton, Bude
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