1-bedroom house · EX32 7LA
To rentListed 17 days
Opportunity summary
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About
A furnished room available within a unique, well-managed shared home in Chelfham, offering peaceful community-focused living close to Barnstaple.
Description - A unique and inspiring shared home, set within a beautiful natural setting in Chelfham, North Devon, offering furnished rooms within a well-managed HMO.
This property is ideally suited to applicants seeking a quieter, community-focused way of living, with strong transport links and access to nature.
The accommodation is arranged across a substantial heritage building and offers multiple furnished bedrooms.
Residents will benefit from shared kitchens and multiple bathroom facilities, providing practical and comfortable shared living.
This is not a typical HMO, The Growforward Project offers a calm and restorative environment, best suited to individuals who value wellbeing, community and a more mindful lifestyle.
The Location Approximately 7 minutes’ drive from Barnstaple town centre Hourly bus services from the site to Barnstaple, Bratton Fleming, Lynton and Lynmouth Around 25 minutes’ drive from North Devon’s popular beaches Surrounded by countryside, woodland walks and cycling routes Room 18 is available for occupation immediately.
Key Information (Costs) Monthly Rent: £550.00 per calendar month, payable in advance Tenancy Deposit: £635.61 (equivalent to 5 weeks’ rent) Holding Deposit: £126.92 (equivalent to 1 week’s rent) This is paid to reserve the room and will be deducted from the first month’s rent or tenancy deposit upon move-in.
It is not an additional fee. Total Move-In Cost (Example): £1,184.61 This includes the tenancy deposit and first month’s rent, with the holding deposit already taken into account.
Council Tax: Included Utilities: Included (gas, electricity and water) Broadband: Included for general use (see below) Parking: On site parking available Furnishing: Furnished room Tenancy Information The rooms will be let on a periodic assured tenancy with no fixed term.
The tenancy will continue on a rolling basis until ended by the tenant giving notice, or by the landlord in accordance with statutory grounds for possession.
Household & Property Information This is a shared house, and applicants should be comfortable living in a communal environment with other occupiers.
Regular cleaning of the communal areas is included within the rent. Broadband is provided for general day-to-day use such as browsing, emails and online banking.
Speeds and performance cannot be guaranteed for higher-demand activities such as streaming or gaming.
Tenants requiring a higher specification connection may wish to make their own arrangements, subject to agreement. Occupancy is limited to a single person.
Pets Due to the shared nature of the property (HMO), pets are unlikely to be suitable.
Any requests will be considered, however consent may be refused where it would impact other occupiers, including for reasons such as allergies or the shared use of facilities.
Tenant Requirements All applicants will be subject to referencing and affordability checks. A minimum income of approximately £16,500 per annum would typically be required.
Where this is not met, a suitable UK-based guarantor may be considered. Fees and Deposits In line with the Tenant Fees Act, no charges are payable for referencing, administration, or tenancy setup.
The tenancy deposit will be protected in a government-approved tenancy deposit scheme (MyDeposits).
The holding deposit will be applied towards the first month’s rent or tenancy deposit upon move-in, or retained/refunded in line with statutory provisions.
Additional Information Energy Performance Certificate (EPC) available on request. All measurements are approximate and provided for guidance only.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
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FAQ
About Room 18, The Growforward Project, Chelfham, Barnstaple
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