5-bedroom semi-detached house · EX39 2JJ
Opportunity summary
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About
Mixed residential/commercial and development opportunity in the centre of Bideford Town.
Change of use of a fish and chip shop and managers accommodation to flexible use class E and two self contained flats.
Situation - Occupying a highly prominent fronted corner site, the premises is situated in the heart of Bideford Town which offers a wide range of amenities including many independent shops, butchers, greengrocers, cafes, pubs & highly regarded restaurants.
There is a thriving & lively music scene, similarly artists & crafts people abound and North Devon local food producers are renowned in the SW.
Bideford has schooling for all ages (public & private), a large selection of supermarkets & a retail outlet village.
There is access to the Tarka Trail from Bideford, which affords superb walks and cycle rides, extending beyond Torrington and Barnstaple and form part of the national cycle trail.
The popular friendly beach at Instow is around 3 miles away (also accessible via the Tarka Trail), with the renowned coastal town of Westward Ho!
even closer with its three mile long safe and sandy beach which adjoins Northam Burrows Country Park and The Royal North Devon Golf Course, attracting tourists and permanent residents year-round.
Bideford and its surrounding areas is rapidly expanding with several new housing and commercial developments currently underway, with further development planned for the near future.
Description - A substantial mixed residential and commercial premises with planning approved to convert the upper floors into two self-contained apartments.
The ground floor commercial area has a prominent frontage onto Mill Street, with previous operators running an established and successful fish and chip shop and is currently configured as a restaurant and take-away.
The upper floors currently provide a self-contained maisonette which is in need of refurbishment, however planning has been obtained to convert this into two self-contained apartments.
Planning - Planning was granted on the 26th April 2023 under Torridge planning reference 1/0203/2023/FUL for the change of use from a fish and chip shop and managers accommodation to flexible use class E and 2 flats.
All the appropriate documentation can be reviewed on the North Devon Council planning website using the planning reference provided above.
Tenure - Offers for the Freehold interest, with vacant possession on completion. what3words ///lavender.tractor.swims
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
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