3-bed house + 2-bed house · EX32 9DT
For saleListed 33 days
Opportunity summary
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About
A pair of Grade II listed period cottages in need of full renovation with a good sized garden and off-road parking. No.4 - EPC Rated E. No.4a - EPC Rated G. Council Tax Bands B. Freehold.
Situation Situated in the heart of the popular Newport area of Barnstaple, within close proximity of Newport primary school, Park secondary school, doctor's surgery, bus route, supermarket and local shops.
Barnstaple town centre is about 3⁄4 of a mile, and as the regional centre of North Devon, houses the area's main business, commercial, leisure and shopping venues, including the renowned Pannier Market and Butcher's Row, as well as theatres, cinema, leisure centre and North Devon District Hospital.
The North Devon Link Road is within easy access, leading on, in about 45 minutes to Junction 27 of the M5 Motorway, where Tiverton Parkway also provides a fast service of trains to London (Paddington) in about 2 hours.
The North Devon coast, including the popular sandy, surfing beaches at Saunton, Croyde and Woolacombe are all within easy reach, as is Instow and the Cornish border. Exmoor is also easily accessible.
Description A pair of Grade II Listed period cottages, 4 & 4a South Street are separately council taxed yet accessed via a shared front door and internal hallway, offering a rare opportunity for full renovation and allowing a buyer to stamp their own mark.
Number 4 provides three bedrooms and Number 4a offers two - both enjoying a surprisingly generous rear garden that can be adapted and divided between the two dwellings, along with off road parking via rear gates, and while the current arrangement supports retaining them as two cottages, there is clear scope subject to listed building consent to combine the accommodation into one substantial five bedroom home with a large garden and parking, with the property offered to the market with no onward chain.
Cash buyers are encouraged. Accommodation Number 4 Sitting room, dining room, kitchen and conservatory. Access to rear garden. Landing, three bedrooms and bathroom.
Number 4a Sitting room, kitchen, bathroom and conservatory. Access to rear garden. Two double bedrooms.
Outside A large rear garden sits behind the property, currently arranged with a part-division between the two homes.
A patio area and car port provide useful space for storage or vehicles, though the structure is now in need of rebuilding or replacement. Additional features include a bin store and utility cupboard.
Double gates, along with a separate pedestrian gate, open onto the rear lane, giving vehicle access through to Clinton Road.
With reconfiguration, parking could be created for several vehicles whilst still retaining a generous garden. Services Mains connected. Electric heating.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 4 & 4a, South Street, Barnstaple
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