8-bedroom house · EX34 9DN
Listing removedListed 280 days
Opportunity summary
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About
This remarkable eight-bedroom, eight-bathroom residence spans five impressive floors and offers over 7,700 sq ft of beautifully presented accommodation, making it exceptionally well suited to investors as well as large families.
The property blends striking period character with modern comfort, and you enter through a grand open entrance hall on the ground floor-a bright, welcoming space with sweeping stairs rising to the upper levels.
This floor provides superb living and entertaining areas, including a formal reception room, a dedicated office, a well-appointed kitchen with integrated appliances, and a spacious dining room complete with a useful pantry.
Towards the rear, a large former commercial dining space offers outstanding versatility and flows seamlessly into the original Victorian conservatory, which opens onto a balcony with steps leading down to the private garden and four allocated parking spaces.
The lower ground floor provides further scale, featuring plant rooms, storage areas, and a substantial games and entertainment room with additional rooms and a men’s WC-ideal for leisure or potential reconfiguration.
Across the upper three floors are eight beautifully finished ensuite bedrooms, several of which benefit from elevated sea views, enhancing their appeal for both private use and short- or long-term rental opportunities.
With generous proportions, elegant bay windows, and a tasteful finish throughout, the property requires little to no work.
Its size, flexibility and turnkey condition combine to create an exceptional opportunity for investors seeking boutique accommodation potential or a high-end multi-unit residence.
Ilfracombe is a historic Victorian seaside resort and provides shopping facilities as well as other amenities such as banks, library, post office, schools, cinema etc.
There are a number of attractions within walking distance including Damien Hirst's now famous Verity statue situated on the harbour, the award-winning Ilfracombe Aquarium, the unique Tunnels Beaches and many more.
You will find numerous events and festivals throughout the year, many based on the quayside at the historic harbour and at the prestigious Landmark Theatre on the seafront.
There are many fine and award-winning beaches close by, from secluded coves to wide stretches of golden sand with crashing surf.
For a unique beach experience visit 'The Tunnels' in Ilfracombe, holders of a blue flag and seaside award, or Hele Bay to the east of the town, also award winners, for good bathing and rock pool exploring.
Putsborough, Woolacombe and Croyde are within easy motoring distance, whilst North Devon's regional centre of Barnstaple is approximately 20 minutes' driving time.
Directions From our Ilfracombe office with the shop premises on your right-hand side proceed on foot along Ilfracombe High Street, eventually taking the left fork into Fore Street.
The property will then be found on your left-hand side with a For Sale board clearly displayed.
The property enjoys a bright and attractive garden with open views across the surrounding hills, creating a peaceful and scenic outdoor setting.
A mix of lawn, mature palms and established planting gives the space a relaxed, coastal feel, while the paved terrace and charming outbuilding offer ideal areas for outdoor dining or relaxing.
From the conservatory, a balcony overlooks the garden, providing an elevated vantage point to enjoy the views.
At the lower end of the plot, the home also benefits from four private off-road parking spaces, adding valuable convenience.
Overall, the outside space is versatile, well-presented and perfectly complements the property.
Agent's Notes This property is a traditional brick construction with a tiled roof, located within a conservation area and in an area with minimal or no flood risk. The property is not listed.
It has direct connections to mains electricity, gas, water, and sewage services, with gas being the primary source of heating.
The property also has access to broadband services via fibre to the house; however, broadband speeds are currently to be confirmed. Mobile service coverage is tbc.
There are currently no planning permissions in place for this property or any nearby properties.
The property does involve shared access via a path located in the rear garden; however, there are no other rights of way affecting the property. The property also includes flying freeholds.
It is a leasehold (virtual freehold) property with approximately 999 years remaining on the lease. The property is rated under business rates rather than council tax. The EPC rating is tbc.
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Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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 The Habit, 46-48, Fore Street, Devon
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