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See how verdicts work2-bedroom property · EX34 9SJ
No longer listedListed 200 days
Opportunity summary
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About
**New Park Ownership** Two bedroom holiday lodge at Watermouth Castle, open plan living, parking for two vehicles and pets allowed.
Holiday use only, no chain, site swimming pool, bar and restaurant, close to beaches.
Property Description - **Under new ownership** Situated within the picturesque grounds of Watermouth Castle, this two-bedroom holiday lodge offers an excellent opportunity for those seeking a coastal retreat or a holiday-let investment.
Available with no onward chain and designated for holiday use only, the property provides a straightforward and appealing purchase.
The lodge features an open-plan lounge/dining space with a semi open kitchen area that has a range of wall and floor units with ample space for white goods, alongside two double or twin bedrooms with fitted storage, a four-piece family bathroom suite comprising of shower cubicle with corner bath, W/C and hand basin.
Located immediately in front of the lodge is a lovely lawned space with picnic bench which is a great location to take in the far reaching views.
Externally, the lodge benefits from parking for two vehicles and is pet friendly, enhancing its appeal to holidaymakers.
The site itself offers a range of facilities including a swimming pool, restaurant and bar.
Ideally located close to local beaches and scenic coastal walks, this lodge combines a sought-after setting with strong rental potential, making it a great investment opportunity or personal holiday escape in this popular North Devon location.
Agent Notes - - 30 year license dated from purchase, (extendable subject to t&c's). - The park is open 12 months of the year.
- Service charge/Ground Rent - £4950 annually (includes water and sewage), includes use of all site facilities Directions - From our offices proceed along Portland Street, then Hillsborough Road until the road becomes the A399 (eastbound).
Carry on along this road through Hele Bay. Around 2 miles outside of Hele you will see Watermouth Castle appear on your right hand side,.
Turn right into the castle grounds and follow the road round to the left of the castle where you will find the holiday lodge site.
For this lodge take the middle road following the numbered signs, where you will see parking located on the left hand side. What3words - swing.submerge.install
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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