4-bedroom detached house · EX31 4EF
For saleReduced £25k (−3.6%) on 21 JunListed 236 days
Opportunity summary
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About
Enjoying a peaceful rural setting, this four-bedroom period farmhouse sits in around 2.5 acres and benefits from extensive outbuildings, generous accommodation and outstanding lifestyle potential.
Originally the farmhouse for Patsford Farm, this characterful home is constructed of rendered stone beneath a slate roof and follows a traditional longhouse design, complete with period features including exposed beams, lintels, and an inglenook fireplace.
The ground floor offers a spacious entrance hall with an attractive front door, two reception rooms, a kitchen, and a large walk-in dairy. To the rear, there is a lean-to boot room and a separate WC.
Upstairs, a generous landing leads to the principal bedroom, three further double bedrooms, a family bathroom, and separate WC.
A notable feature of the property is the stone-built former shippen, now adapted for stabling and storage. The remaining outbuildings and sheds are arranged around a spacious concrete yard.
Together with the house, these buildings provide excellent potential beyond their current use for stabling, smallholding, storage, and garaging.
Subject to the necessary planning permissions, they could also serve as workshops or studio space, or offer scope to extend the existing residential accommodation, either through conversion of the shippen and/or extension of the main house.
The grounds extend to just over 2.5 acres in total, comprising gardens to the front and west side of the house, two pasture fields to the rear, and an orchard to the western boundary.
The property enjoys a peaceful rural setting at the head of a wooded lane in the hamlet of Patsford, within the North Devon parish of Marwood.
The regional centre of Barnstaple lies approximately six miles to the south, offering a comprehensive range of shopping, commercial, and leisure facilities.
The village of Braunton, just four miles away, caters for most everyday needs.
The stunning North Devon coastline is within easy reach, including the popular seaside resorts of Croyde, Woolacombe, and Ilfracombe.
The open moorland and natural beauty of Exmoor National Park are also readily accessible.
The area is well served by local schooling, with a primary school in Marwood and further primary and secondary education available in Braunton, Barnstaple, and Ilfracombe.
Sporting and recreational facilities are plentiful, with golf courses at Landkey, Ilfracombe, and the renowned links at Saunton Sands Golf Club.
The North Devon Leisure Centre and Tarka Tennis Centre provide excellent indoor sporting amenities.
In addition, there are numerous local sports clubs, including football, rugby, and cricket, along with extensive opportunities for outdoor pursuits such as surfing, sailing, walking, and riding.
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 Old Patsford Farmhouse,, Middle Marwood, Devon
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