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See how verdicts work2 × 1-bed flat · EX34 9NH
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional and rare opportunity to acquire a substantial mixed-use property prominently positioned on Ilfracombe’s bustling High Street.
This versatile building offers a range of exciting development and investment possibilities, subject to the necessary consents.
At ground floor level, the property features a spacious retail unit currently operating as a temporary pop-up shop, benefiting from excellent frontage and visibility to passing trade.
Above the shop lies a large three-storey building offering immense potential — whether as one generous maisonette or conversion into multiple self-contained units, subject to planning.
The property is very spacious, providing flexible living accommodation that can be configured to suit a variety of needs.
There are also wonderful character features throughout, including large bay windows overlooking the High Street, which flood the rooms with natural light and add to the building’s charm.
To the rear, there are two one-bedroom flats, each with its own independent access to the rear. Planning permission (Ref: 55789) was granted by North Devon Council in 2013 for residential conversion.
Both flats are ready to be let out with thee potential rental income in the region of £500pcm each. Please note that building control sign-off is still required for the completed works.
With its central High Street location, scope for further development, and proven investment potential, this property represents a superb opportunity for developers, investors, or owner-occupiers looking to create something special in the heart of Ilfracombe.
AGENTS NOTE: Part of the sale there are two self-contained residential flats located to the rear, known as 103A and 103B High Street.
Flat 103A is held freehold, while Flat 103B is held on a registered lease dated 4 April 2019 (HM Land Registry Title No. DN625589).
The lease is noted as affecting the 103A freehold title and relates to the occupation and use of the rear flats, granting rights of access and use over shared areas and including standard provisions for maintenance and repair.
Full details of the lease terms and the relationship between the freehold and leasehold titles are available upon request or can be verified by reference to the official Land Registry entries.
Services: The property has separate gas and electric meters for the properties located at the rear, with four existing electric supplies at the front ideal for conversion into a HMO or one or two self-contained apartments, There is one main water supply for the building.
The shop currently has an electric supply only, with no gas, water, or heating installed Council Tax: Maisonette: A. 103a: A 103b: TBC EPC: Maisonette: D.
103a: D 103b: C Shop: C The property is conveniently situated on the High Street in the centre of Ilfracombe, directly opposite Webbers Estate Agents.
It occupies a prominent position within easy walking distance of the town’s shops, cafés, and amenities.
The flats to the rear (103A and 103B) are accessed from the rear of the building via Tarry Lane.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
Agent & docs

FAQ
About High Street, Ilfracombe, Devon, EX34
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