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See how verdicts work6-bedroom house · EX23 8RS
For saleReduced £25k (−4.3%) on 21 JunListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lake House is an attractive and well-presented Grade II listed five-bedroom residence located in the ever-popular Flexbury area, just a short stroll from the town centre and local beaches.
Rich in period charm, the property boasts an array of character features throughout, including original sash windows, parquet flooring, and a striking original staircase, all sympathetically maintained.
The spacious and flexible accommodation is arranged over two floors and includes a stylish modern kitchen/dining room with garden views, and a generous dual-aspect living/dining room with a feature fireplace housing an electric fire.
Upstairs, a large landing area leads to four double bedrooms, a further single room, and a well-sized family bathroom, all benefitting from continued character detailing.
In addition to the main residence, the property offers an adjoining self-contained one-bedroom annexe, which features a bright living/dining room, modern kitchen, WC, and stairs rising to a double bedroom and bathroom-ideal for multi-generational living, guests, or as a potential income stream.
Outside, enclosed front and rear gardens provide seasonal bursts of colour and benefit from morning and afternoon sun, offering space to relax and entertain.
To the rear, there is off-road parking, a former garage, and a generous outbuilding to the western boundary, comprising five rooms, inclusive of shower room and a kitchen area, and offering great potential.
Lake House combines character with modern comforts, alongside flexible accommodation, in a superb location close to the beaches - making it a rare opportunity in one of Bude’s most sought-after residential areas.
Ground floor entrance Timber door into Entrance Hall. Space for coats and boots, timber panelling to half-height, original parquet flooring.
Doors to: Hallway Spacious and bright hallway with original staircase rising to the first floor, with understairs storage cupboard.
Impressive character features continue with original panelling and continuation of flooring.
Ceiling light, radiator, doors to: Kitchen A range of modern matching eye and base-level units with work surface over, incorporating 1.5 bowl sink/drainer unit.
Integrated appliances include gas hob with extractor hood above, neff double oven and dishwasher. Undercounter space and plumbing for washing machine.
Twin uPVC double-glazed windows to the rear aspect and part-glazed uPVC door to the side. Directional spotlights, tiled splash-backing, continuation of panelling.
Space for free-standing fridge/freezer, tiled flooring.
Living room Very generous dual aspect reception room with original glazed doors to the front aspect with secondary glazing and further window to the rear.
Feature fireplace with timber mantel and slate hearth housing feature electric log burner. Ceiling and wall lights, radiators, ample space for living and dining room furniture, wood-effect flooring.
First floor landing Spacious and bright split-level landing, ceiling light, soft hatch access, original wooden flooring.
Doors to: Bedroom one Good-size double bedroom with glazed window to the front aspect with secondary glazing, ceiling light, radiator, ample space for bedroom furniture, fitted carpet.
Bedroom two Double bedroom with glazed window with secondary glazing to the rear aspect, ceiling light, ample space for bedroom furniture.
Vanity unit with inset handwash basin, radiator, fitted carpet. Bedroom three Double bedroom with uPVC double-glazed windows to the rear and side aspect.
Ceiling light, ample space for bedroom furniture and fitted carpet. Bedroom four Single bedroom with uPVC double-glazed windows to the rear and side aspect. Ceiling light, radiator, fitted carpet.
Bedroom five Single bedroom with glazed window to the front aspect with secondary glazing. Ceiling light, handwash basin, radiator, fitted carpet.
Bathroom Four-piece suite comprising panel-enclosed bath, walk-in shower enclosure with Aquabord splash-backing, pedestal handwash basin and WC.
UPVC double-glazed window to the rear aspect, ceiling light, timber panelling to half height, chrome heated towel rail and laminate flooring.
Annexe ground floor Spacious and bright dual-aspect reception room with original glazed doors to the front aspect and bay-style window to the side with secondary glazing.
Feature fireplace with stone backing, oak mantel and slate hearth housing electric fireplace, ample space for living and dining room furniture. Stairs rising to the first floor.
Ceiling lights, wood-effect laminate flooring and door to: Inner hallway Cupboard housing gas-fired boiler running domestic hot water and heating systems for both main house an Annexe, and hot water tank.
Doors to: WC WC, wall-mounted handwash basin with tiled backing, ceiling light and wood-effect flooring.
Kitchen Modern kitchen comprising a range of matching eye and base-level units with work surface over incorporating composite sink/drainer unit.
Integrated appliances include an induction hob with electric oven under and extractor hood above, undercounter space for fridge/freezer and undercounter space and plumbing for washing machine.
UPVC double-glazed door to the rear aspect, ceiling light, radiator, wood-effect laminate flooring.
First floor bedroom Generous double bedroom with glazed window with secondary glazing to the front aspect. Ceiling light, cupboard, radiator, fitted carpet, ample space for bedroom furniture.
Doors to: Bathroom Three-piece suite comprising corner bath shower over, pedestal handwash basin and WC.
Glazed window to the side aspect with secondary glazing, ceiling light, radiator, tiled flooring.
Outside Externally, the enclosed front garden is predominantly laid to gravel, complemented by a variety of mature flower and shrub borders, offering an attractive and low-maintenance initial impression.
A shared driveway provides access to an off-road parking space and leads through to the enclosed rear garden, which enjoys a high degree of privacy.
At the rear boundary lies a versatile range of outbuildings, including a former garage now a store room and an adjoining versatile building comprising five rooms inclusive of a shower room and kitchen area.
These buildings offer excellent potential for a variety of uses such as a workshop, hobby room, home office, or additional utility space, depending on individual needs.
Verified Material Information Council Tax band: C Tenure: Freehold Property type: House Property construction: Standard construction Energy Performance rating: C Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Mains water supply Sewerage: Mains Heating: Mains gas-powered central heating is installed.
Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 - Good, Vodafone - ok, Three - Good, EE - Good Parking: Driveway and Garage Building safety issues: No Restrictions - Listed Building: Grade 2 Restrictions - Conservation Area: No Restrictions - Tree Preservation Orders: None Public right of way: No Long-term area flood risk: Yes Historical flooding: No Flood defences: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: None Coal mining area: No Non-coal mining area: No EPC Rating: C Location Situated on popular residential street within the town, the property is a short walking distance of popular sandy beaches, stunning coastal scenery, public houses, restaurants and the towns 18 hole links golf course.
Bude town centre is within easy distance and offers a wide range of commercial, education and recreational facilities including primary and secondary schools, range of independent and national shopping outlets and supermarkets.
The A39 ’Atlantic Highway’ is around 1 mile away and provides excellent road access north to the larger towns of Bideford and Barnstaple.
Barnstaple offers modern shopping stores, theatre, hospital, technical college and access via the North Devon link road to the M5.
Garden This space is mainly laid to lawn, bordered by an array of established planting colour throughout the seasons.
Benefitting from afternoon sun, the garden offers an ideal spot for relaxing or entertaining.
Disclaimer Kivells, their clients and any joint agents give notice that they are not authorised to make or give representations or warranties in relation to the property.
No responsibility is accepted for any statement within these particulars, which do not form part of any offer or contract. Areas, measurements and boundaries are approximate.
Text, photographs, CGI’s and plans are for guidance only. It should not be assumed the property has all necessary planning or building consents, and Kivells have not tested any services or equipment.
The property is sold subject to all matters in the Property and Charges Register, including rights of way and easements. Purchasers are deemed to know all boundaries.
Nothing herein constitutes financial advice; seek your own. Use of Mortgage Genies sw Ltd. Will result in a £250 + VAT referral fee to Kivells. Kivells retains copyright to all particulars and media.
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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FAQ
About Lake House Flexbury Park, Bude
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