2-bedroom flat · EX32 7FN
For saleListed 329 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.
Welcome to Plot 15, a two-bedroom apartment at The Laceworks, designed for contemporary, modern living. The focal point of this home is the Open-Plan Kitchen / Living / Dining Room.
Stretching across the apartment, this bright, airy area provides the perfect environment for both relaxing and entertaining, easily accommodating full lounge and dining furniture alongside a sleek, modern kitchen area.
It is a space where function and style effortlessly merge. The accommodation includes two well-appointed double bedrooms.
The Master Bedroom serves as a luxurious private retreat, offering generous dimensions and the added benefit of its own stylish Ensuite shower room.
The second bedroom is equally well-proportioned, providing excellent flexibility whether used for guests, a productive home office, or simply a spacious second sleeping area.
The apartment is completed by a well-designed main bathroom, ensuring ample facilities for all residents and visitors.
Practicality has been carefully considered, with two substantial, dedicated Store cupboards located off the central Hall, helping to keep the main living spaces tidy and organised.
This apartment at The Laceworks is an outstanding choice for those seeking style, in a highly convenient location! Call now to arrange your viewing!
*Photos are for illustrative purposes only and may not be representative of exact plot*
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 15, Bobbin Lane, Barnstaple
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