7-bedroom house · EX16 9QS
For saleReduced £70k (−5.5%) on 5 SepListed 101 days
Opportunity summary
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About
Lurley Manor is situated off a small country lane on the edge of the hamlet, surrounded by its own enchanting gardens and grounds.
The historic house is Listed as being of architectural or historic interest, Grade 2, and stated as being late 15th/ early 16th century, re-modelled in the 17th century and of original three room plan with central open hall and extended in the early 20th century.
The house provides spacious family accommodation of considerable character and charm and retains many of its original features, including the studded front door beneath the porch, oak doorways with Tudor arches, inglenook fireplaces, exposed ceiling timbers with chamfered beams and a wide spiral staircase.
There are three good sized, south facing, reception rooms with fireplaces, and the kitchen/ breakfast room with Aga overlooks the kitchen garden and arboretum.
On the first floor are five bedrooms, four of which also face south.
The owners have created a separate, self-contained annex at one end of the house with three bedrooms ( although this could equally be incorporated into the main house if required ) and two outbuildings within the grounds have been converted into charming one bedroom cottages, known as Bluebell and Magnolia Cottage.
Each have enclosed garden areas and are run as successful holiday lets.
The previous owners created beautiful gardens and an arboretum over a number of years, taking full advantage of the lovely, sheltered, south facing location, and also developed the Plant Heritage National Collection of Geums, together with many varieties of snowdrops in early Spring.
The entrance driveway leads up from the approach road to the neighbouring farm, to the parking and turning area and double garage.
There is a lean-to greenhouse adjoining the house and the formal gardens are to the south and east of the house, with two interconnected lawns fringed by plant borders, box hedging and ornamental shrubs and trees, including mulberry, bay, oak and beech.
To the rear of the house is the kitchen garden and a grass tennis court area.
The arboretum beyond contains a wide variety of trees and shrubs including Pere David's maple, Chilean firetree, Mexican orange, Black gum, Honey locust, Mountain black cherry etc.
A stream flows down to an orchard with fruit trees including apple, pear and medlar. Below the house is a log store.
The tiny hamlet of Lurley is situated in the heart of the rolling countryside of Mid Devon.
Nearby is the village of Calverleigh with its pretty church, village hall and pub, and, within easy reach to the east, is the market town of Tiverton with its 17th century castle, canal, pannier market and excellent range of local amenities including supermarkets, shops, hospital, leisure centre, cinema, cafes and restaurants, as well as primary and secondary schools, golf course and private education with Blundell's School.
Close by is the National Trust owned Knightshayes Court with its gardens, parkland and arboretum.
The area is known for its unspoiled rolling farmland and, not far away to the north, is Exmoor National Park, renowned for its beautiful scenery and dramatic coastline.
There is easy access, along the A361, to Barnstaple and the spectacular North Devon coast with its sandy surf beaches.
From Tiverton, the A361 dual carriageway provides quick access to Junction 27 of the M5 motorway, beside which is Tiverton Parkway Station with mainline connections to London (Paddington), via Taunton, or to the university and cathedral city of Exeter, with its comprehensive selection of cultural, leisure, shopping and sporting facilities, as well as an airport.
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.
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