2-bedroom bungalow · EX31 3AG
Sold STCListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to bring to the market 51 Philip Avenue, a 2 Bedroom detached bungalow occupying a pleasant position within the ever-popular area of Sticklepath.
Requiring modernisation throughout, the property offers an excellent opportunity for buyers looking to create a home to their own tastes in one of Barnstaple's most sought-after residential locations.
Approached via a private driveway providing off-road parking and access to the Integral Garage, the bungalow opens into a spacious Entrance Hall that gives access to the principal accommodation.
There are 2 well-proportioned double Bedrooms, both enjoying a pleasant outlook over the rear garden and providing ample space for free standing furniture.
The Kitchen is arranged in a practical galley style, offering plenty of wall and base units, dual-aspect windows and access to both the side of the property and the adjoining Dining Room.
Sliding patio doors from the dining room open directly onto the rear garden, creating an ideal connection between the indoor and outdoor space.
The light and spacious Living Room is well-proportioned and enjoys a pleasant front outlook.
A 3-piece Bathroom serves the bedrooms, whilst an airing cupboard in the hallway houses the boiler and hot water cylinder.
Outside, the property enjoys an elevated, tiered rear garden with a sunny aspect. Bordered by mature shrubs, the garden offers plenty of potential and includes space for a greenhouse or garden shed.
The lower tier provides a paved patio - ideal for outdoor seating and entertaining, while the upper level is predominantly laid to lawn, creating an attractive space to enjoy or further enhance.
Sticklepath remains a consistently popular choice thanks to its convenient position, with a range of everyday amenities close at hand including supermarkets, Petroc College and excellent access to the North Devon Link Road.
Directions What3Words: complains.active.rock
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 51, Philip Avenue, Barnstaple, Devon
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