2-bedroom terraced house · EX31 1QS
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain.
Situated in the highly sought-after Pilton area of Barnstaple, this deceptively spacious Grade II listed cottage is full of character and offers an exciting opportunity for a buyer to make it their own.
With 2 double bedrooms, a separate study, a generous loft space and a low-maintenance rear garden, the property has plenty to offer those looking for a project in a well-regarded location.
On entering the cottage, the Living Room is positioned to the left.
A sash window, feature fireplace and multi-fuel burning stove add to its character, with the stove also providing heat to the radiators.
To the rear, the Kitchen is fitted with a range of cupboards and drawers and includes an electric cooker point and a useful pantry.
A door leads out to the courtyard-style garden which is easy to maintain and benefits from a brick-built store for firewood, garden equipment or general storage.
The first floor provides 2 double Bedrooms, a Study and a Shower Room fitted with a corner shower, WC and wash hand basin.
Steps from the Study lead up to a particularly generous loft space with good head height. This offers potential for conversion, subject to the necessary planning and listed building consents.
Unrestricted on-street parking is available to the front of the property on a first-come, first-served basis. Directions Directions to this property can be easily found by using What3words:
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
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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
Agent & docs
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FAQ
About 4, Lake Cottage, Barnstaple
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