We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom house · EX32 7FN
For saleListed 142 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 a beautifully renovated family home offering well-balanced accommodation arranged over two floors, thoughtfully designed to suit modern living while retaining the charm and character of this historic development.
The property is accessed via an inviting entrance hallway, which benefits from a useful storage cupboard, ideal for coats, shoes and everyday household items.
The hallway leads through to a bright and comfortable lounge, providing the perfect space for relaxing and everyday family life.
A separate kitchen/dining room offers an excellent sociable area, ideal for entertaining and family meals, fitted with contemporary units, integrated appliances and quality finishes throughout.
A useful ground-floor WC adds further practicality to the layout. Upstairs, the home offers four bedrooms, including a generous principal bedroom complete with a modern en-suite shower room.
The remaining bedrooms provide flexible accommodation for children, guests or home working, all served by a stylish family bathroom fitted with a contemporary suite and quality fittings.
Externally, the property benefits from a private garden, creating an ideal outdoor space for relaxing and entertaining.
In addition, there are two allocated parking spaces, providing valuable convenience for homeowners and visitors alike.
Situated within easy reach of Barnstaple town centre, the property enjoys convenient access to a wide range of shops, cafés, restaurants and local amenities.
The beautiful sandy beaches of Saunton and Croyde are also within easy driving distance, offering the very best of North Devon's coastline and outdoor lifestyle.
Plot 13 presents a fantastic opportunity to acquire a stylish and characterful home within one of Barnstaple's most distinctive and historic developments. Call now to arrange your viewing!
*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
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
Area
Agent & docs
.png)
FAQ
About Plot 13, The Laceworks, Barnstaple
Explore nearby