4-bedroom house · EX32 7FN
For saleListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within the Laceworks development in Barnstaple, this beautifully restored Grade II listed building offers a complex of versatile property arrangements with a rare blend of heritage character and contemporary living.
Beautifully respected and restored, this historic building was once part of a thriving lace-making factory dating back to 1825.
This is an impressive family home offering spacious accommodation arranged over two floors, combining the charm and character of the original development with stylish modern finishes throughout.
The property is entered via a welcoming hallway, which leads into a bright and comfortable lounge, providing an ideal space to relax and unwind.
Separate from the living room is a generous kitchen/diner, thoughtfully designed to create a sociable hub of the home, perfect for family life and entertaining.
The contemporary kitchen is fitted with quality units and integrated appliances, while ample dining space makes it ideal for hosting family and friends.
A convenient ground-floor WC adds further practicality.
Upstairs, the property offers four well-proportioned bedrooms, including an excellent principal bedroom complete with a modern en-suite shower room.
The remaining bedrooms provide flexible accommodation for growing families, guests or home office use.
A stylish family bathroom serves the additional bedrooms, fitted with a contemporary suite and quality fittings throughout.
Externally, the property benefits from a south-west-facing garden, providing a fantastic outdoor space to enjoy throughout the day, whether relaxing, entertaining or spending time with family.
Ideally positioned within easy reach of Barnstaple town centre, the property enjoys access to a wide range of shops, cafés, restaurants and local amenities.
The renowned sandy beaches of Saunton and Croyde are also just a short drive away, offering the perfect balance between town and coastal living.
This presents an excellent opportunity to acquire a spacious and beautifully finished home within one of North Devon's most distinctive developments.
*Images have been virtually staged for illustrative purposes and may not accurately represent the current condition or exact layout*
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 Plot 11, The Laceworks, Barnstaple
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