2-bedroom detached house · EX39 4QE
For saleListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful two-bedroom cottage situated in a rural yet accessible location, currently run as a successful holiday let, but which could easily make a wonderful permanent residence.
Available to the market with no onward chain.” Set within the North Devon Biosphere and surrounded by beautiful open countryside, The Smithy offers a rare opportunity to enjoy peaceful rural living while remaining within easy reach of Bideford and Barnstaple.
This charming detached cottage combines character, privacy and versatility, making it ideal as a permanent home, holiday retreat or income-producing property.
Accessed via a gated entrance, the property benefits from dedicated parking and a well-maintained English-style garden, complete with patio area, log store and shed.
Internally, the cottage is full of character, featuring exposed stonework, wooden flooring and a working log burner within the sitting room.
There is also a useful study nook and a stylish family bathroom incorporating a utility area.
The kitchen-diner enjoys attractive countryside views and provides a welcoming space for everyday living and entertaining.
Lounge - 7.52 3.86 (24'8" 12'7") - Kitchen Dining Room - 6.50 x 2.41 (21'3" x 7'10") - Bathroom - Bedroom - 3.94 x 3.35 (12'11" x 10'11") - Ensuite - Bedroom - 3.99 x 2.21 (13'1" x 7'3") - To the first floor are two generous double bedrooms, both filled with natural light and offering calm, comfortable accommodation.
The principal bedroom benefits from an en-suite WC and wash basin.
Outside, the property further enjoys a private rear courtyard, providing a quiet and sheltered spot to relax and unwind, particularly in the evening sun.
The Smithy has previously been run as a highly successful holiday rental, with no occupancy restrictions and fully independent utilities, and would equally suit buyers seeking a permanent residence, second home or an established income-generating asset.
Value & comps
No previous sales on record.
Returns
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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 Gammaton, Bideford
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