2-bedroom terraced house · EX38 8JE
For saleListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This mid terrace 2 double bedroom, period cottage has a strong sense of character from the moment it is approached, with a traditional frontage and a setting that feels tucked into the surrounding countryside while remaining highly convenient for nearby villages and town amenities.
The accommodation opens into a generous dining room, a versatile reception space that could serve equally well for everyday meals, entertaining or additional sitting space if required.
Beyond this, the main sitting room is particularly memorable, centred around an impressive inglenook style stone fireplace with a wood burning stove and framed by exposed walling and ceiling beams.
It is a room with real presence and warmth, giving the house much of its identity and creating an inviting focal point for quieter evenings and relaxed day to day living.
To the rear, the kitchen is arranged in a practical galley style layout with a good run of work surfaces and storage, positioned to make efficient use of the space and leading on to the shower room.
While compact, it works well for everyday use and connects neatly with the main living space.
Upstairs, the cottage continues to surprise with two substantial bedrooms, both offering excellent proportions that are not always found in homes of this type.
One room features exposed beams and ample floor space for bedroom furniture as well as a study or dressing area, while the other benefits from a wall of fitted timber wardrobes that provide extensive built in storage.
A particularly attractive part of the offering is the detached garden, located a short walk behind the row of cottages.
This is a generous outside area with lawn, a decked seating space, gravelled sections and a useful shed, giving far more outdoor space than might first be expected.
It offers scope for gardening, outdoor dining and leisure, and adds real lifestyle appeal to the property.
With no onward chain, this is a distinctive home that balances period detail, practical living space and a useful connection to the outdoors. Construction – rendered of stone under a tiled roof.
Leaving Great Torrington town square via South Street and Whites Lane, turn left onto New Street and continue out of the town towards Bideford.
After passing the Puffing Billy on the right and crossing the River Torridge, take the next left signposted Frithelstock and Monkleigh.
The property will then be found after a short distance on the right hand side.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 4, Rakeham Cottages, Devon
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