3-bedroom terraced house · EX34 8DH
Sold STCListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular location and just a 1/4 of a mile from the town centre and the high street, 13 Lamb Park is an attractive Marland brick constructed terraced family home which has a characterful facade a delightful well-presented accommodation perfect for the family market.
The house enjoys a sunny elevated position and open views over the town towards the Bristol Channel in the distance.
As well as being convenient to the local amenities, the property is also just a few minutes stroll from the picturesque Cairn Nature Reserve which has miles of meandering footpaths and is ideal for dog walkers.
The Tarka Trail cycle track is also very close by and that provides a scenic route through some of the fabulous North Devon countryside.
There are low maintenance gardens to the front and rear providing excellent amenity space for the property and perfect for al-fresco dining, barbecues and sun bathing.
There is gas central heating via a recently installed boiler (2020), uPVC double glazing and some attractive period features including an original mosaic tiled floor in the lobby and hallway and bow shaped bay windows on the front elevation.
There are also two toilets in the property including a very handy ground floor facility.
The entrance lobby leads through into the entrance hall, both of which have the delightful original mosaic tiled flooring which is a fabulous feature.
Stairs lead up to the first floor and there is a very useful storage cupboard under.
The lounge is a delightful, cosy room with its attractive bay window and a feature fireplace with a wood burner set on a slate hearth which provides a focal point to the room.
The separate dining room has plenty of space for a family sized dining table and chairs and there is direct access via glazed double doors out onto the rear garden.
There is also a very handy ground floor toilet as well. The modern kitchen is fitted with a range of units and has ample spaces for all of the usual domestic appliances.
Again, there is a direct access out onto the rear garden. Moving to the first floor, the split level landing gives access to the three bedrooms, the bathroom and a separate toilet.
There is also the hatch to the loft space, ideal for storage but also has potential for conversion to further accommodation, if required and subject to any necessary consent.
The bathroom has a white suite and attractive modern tiling and there is a separate adjacent toilet. There are two double bedrooms and a single room.
Bedroom 1 has the bow shaped bay window and enjoys views over the town towards the Bristol Channel in the distance.
Bedroom 3 has similar views whilst the bedroom 2 is located at the rear overlooking the garden. Outside, at the front of the property there is parking within Station Road.
There is an attractive low maintenance front garden which has a low hedge providing a screen and privacy from the road.
At the rear is a further attractive and sunny low maintenance paved garden with ample space for outdoor furniture and is perfect for al-fresco dining, barbecues and sun bathing.
There is a very useful and large storage cupboard and also a pedestrian access gate on to the rear lane.
As mentioned above, the current owners have use of a garage and an additional parking space as well as further area of garden/allotment under a rental agreement which has the potential to be passed on to the new owners of the property.
13 Lamb Park is a delightful family home with excellent facilities for its type.
Homes like this also let very well and this property would be ideal as a high quality rental and would derive a monthly rent in the region of £950 which equates to £11,400 annually.
Applicants are advised to proceed from our offices in a westerly direction along the high street.
Pass through the traffic lights at Church Street and at the mini roundabout take the left hand exit and then bear off immediately right into Station Road sign post Lee Bay.
Follow the road up the hill and bear off left (straight on) on the sharp right hand bend. Number 13 Lamb Park will be found a further 75 metres up on the right hand side.
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
About 13, Lamb Park, Ilfracombe, Devon, EX34
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