3-bedroom terraced house · EX23 9DR
Sold STCListed 163 days
Opportunity summary
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About
PROPERTY DESCRIPTION Morwenna Cottage is a charming and characterful cottage nestled in the heart of the ancient market town of Stratton, perfectly positioned to enjoy village life and its warm community feel and all desirable local amenities within walking distance, while being just a short stroll from open countryside and only 2 miles away from all that Bude town has to offer, as well as the stunning North Coast sandy surfing beaches and scenic coastal walks.
The accommodation is thoughtfully arranged over three floors, creating a warm and homely feel throughout.
Stepping into the cottage, you are welcomed into a versatile and inviting living space comprising of an open plan Kitchen/ Living/ Dinning area featuring striking Delabole Slate Flooring and exposed wooden ceiling beams.
Upstairs, the first floor offers a generously sized principal bedroom, featuring a pretty reading nook. A separate well-appointed shower room completes this level.
The second floor offers two further bedrooms, one another generous double, and the other one a charming single, ideal for guests or a Home Office.
The high quality finish featuring Fired Earth Tiling, Carrara Marble, Delabole Flagstones and Little Green Paints, the attention to detail and the quality of the craftmanship throughout makes Morwenna Cottage stand out as a truly unique and stunning place to call Home and an ideal choice for an easy turnkey move.
OPEN PLAN KITCHEN/ LIVING/ DINING 14' 5" x 14' 4" (4.39m x 4.37m) Charming and versatile multi-zone living space, wooden-framed glazed sash windows complete with deep windowsill to the front providing a picturesque street view, with an additional etched stars glazed window to the rear enhancing natural light throughout.
Painted wooden staircase leading to the first floor and useful understairs cupboard.
The room is rich in character with its exposed wooden ceiling beams and Delabole slate flagstone flooring, slate-effect tiling within the kitchen area and traditional style radiator.
Well appointed kitchen with navy blue wall and base units and square edged wood-effect work surface, inset ceramic sink, inset Smeg electric hob, integrated Neff electric oven, integrated washing machine, space for integrated slimline dishwasher and space for freestanding fridge freezer making the kitchen both practical and stylish.
FIRST FLOOR Double glazed window to the rear of the elevation, painted wooden staircase ascending to the second floor, painted wooden floorboards and traditional style radiator.
Original wooden doors serve the following rooms: BEDROOM ONE 13'10 max' 10'3 min" x 9' 2" (4.22m x 2.79m) A bright, spacious and charming principal double bedroom featuring a reading nook, painted wooden ceiling beams, wooden frame glazed sash window to the front of the elevation, useful built-in cupboard, painted wooden floorboards and traditional style radiator SHOWER ROOM A beautifully appointed room with wooden framed etched stars glazed sash window to the front of the elevation, generous walk-in shower , Fired Earth Carrara marble shelf and wash basin top, freestanding wash basin and traditional tower mixer tap, wooden storage cupboard, toilet bowl with concealed cistern, traditional style radiator with towel rail and attractive Fired Earth wall and floor tiles.
SECOND FLOOR Double glazed window to the rear of the elevation, painted wooden floorboards, bespoke wooden cupboard housing gas combi boiler and bespoke wooden window seat to the side with useful storage below, original wooden doors serve the following rooms: BEDROOM TWO 12' 6" x 8' 7" (3.81m x 2.62m) A bright and spacious double bedroom currently used as a single with twin wooden framed glazed sash windows to the front of the elevation.
Two build-in wardrobes, painted wooden floorboards and traditional style radiator.
BEDROOM THREE 9' 00" x 5'6 max' 4'10 min" (2.74m x 1.63m) A charming single bedroom with wooden framed glazed sash windows to the rear of the elevation with window seat, loft hatch access, painted wooden floorboards and traditional style radiator.
COUNCIL TAX Band B SERVICES All mains services are connected TENURE Freehold
Value & comps
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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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About Spicers Lane, Stratton
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