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See how verdicts work2-bedroom bungalow · EX34 9SJ
For saleReduced £2k (−3.3%) on 11 SepListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**New Park Ownership** Two-bedroom coastal holiday lodge with countryside views, parking, on-site pool and bar, pet-friendly setting and site fees paid until Jan 2027. No onward chain.
Property Description Situated within the picturesque grounds of Watermouth Castle, this two-bedroom holiday lodge offers an excellent opportunity for those seeking a coastal retreat or a holiday-let investment.
Available with no onward chain and designated for holiday use only, the property provides a straightforward and appealing purchase.
The lodge features an open-plan lounge, dining and kitchen area, creating a living space, alongside two bedrooms and a three-piece family bathroom suite.
Externally, the lodge benefits from parking for two vehicles and is pet friendly, enhancing its appeal to holidaymakers.
The site itself offers a range of facilities including a swimming pool, restaurant and bar.
Ideally located close to local beaches and scenic coastal walks, this lodge combines a sought-after setting with strong rental potential, making it a great investment opportunity or personal holiday escape in this popular North Devon location.
Agent Notes - New License agreement (extendable subject to t&c's). - The park is open 12 months of the year.
- Service charge/Ground Rent - £4950 annually (includes water and sewage), includes use of all site facilities.
Free until 2027 Directions From our offices proceed along Portland Street, then Hillsborough Road until the road becomes the A399 (eastbound). Carry on along this road through Hele Bay.
Around 2 miles outside of Hele you will see Watermouth Castle appear on your right hand side, .
Turn right into the castle grounds and follow the road round to the left of the castle where you will find the holiday lodge site.
For this lodge take the far right hand road and continue for a short distance to the end of the cul-de-sac where it will be found located on your left hand side with parking bays to the side.
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
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FAQ
About 8, Watermouth Lodges, Watermouth Castle, Watermouth
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