House · EX39 3JQ
Listing removedListed 106 daysAuction 30 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction - Lot 37 - Commercial Premises Bidding opens: 28/07/2026 12:00 Auction scheduled to end: 30/07/2026 15:14 online auction from 28th July - 30th July 2026 A first-floor commercial premises of approximately 750 sq ft (70 sq m), formerly in use as offices and staff rooms, offering scope for redevelopment or conversion subject to the necessary consents.
Accessed via a ground-floor entrance and staircase, the accommodation comprises a large open-plan room, a second room with fitted shelving, a staff kitchen, communal WC/washroom facilities and a shower room.
The property requires modernisation throughout, presenting buyers with an opportunity to refurbish for continued commercial use or to convert to residential, subject to obtaining the appropriate planning permission.
Westcombe Lane sits a short walk from Bideford town centre, harbour and quay, with Bideford Community Hospital, Bideford College and the A386 (Kingsley Road) all close by.
Bideford is a popular North Devon market town on the River Torridge, well placed for the wider region and the North Devon coast.
Ideal For: Investors and developers seeking a conversion project Owner-occupiers after affordable town-centre commercial space Businesses wanting offices or studio/workspace to fit out to suit Tenure: Advised Leasehold - to be verified by solicitor 999 years from completion, £1 ground rent Tenancies: To be sold with vacant possession
Value & comps
No previous sales on record.
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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 starting price
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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 Elite, Westcombe Lane, Bideford
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