3-bedroom semi-detached house · EX31 2HP
Listing removedListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in Sticklepath, this well-presented three-bedroom semi-detached home offers an excellent opportunity for first-time buyers or those looking to take their next step on the property ladder through a 40% shared ownership scheme.
Enjoying a convenient location close to a range of local amenities and just a short distance from Barnstaple town centre, the property benefits from a regular and reliable bus service.
Internally, the property is in good order throughout and offers spacious and practical living accommodation arranged over two floors.
Upon entering, you are welcomed into a comfortable lounge that leads through to a generous kitchen/diner.
The kitchen provides access to the rear garden, offering a seamless flow between indoor and outdoor living. Completing the ground floor is a convenient WC.
Upstairs, the property features two well-proportioned double bedrooms along with a third single bedroom, A family bathroom serves the first floor and is finished to a good standard.
The home benefits from the added efficiency of an Air Source Heat Pump, contributing to lower energy costs and providing a more sustainable heating solution.
Outside, there is allocated parking for one vehicle and a private rear garden, laid with astro turf for low maintenance, decking and a patio area, ideal for outdoor dining.
From Barnstaple town centre proceed out of town over the Long Bridge and up Sticklepath Hill.
At the Cedars roundabout continue straight across signposted to Bickington and take your first right hand turn into Ellerslie Road.
Follow this road around leading into Crosslands and then take the first turning on the left hand side where the property will be found on the left hand side.
Entrance Hall Living Room 4m x 3.78m Kitchen/Diner 4.93m x 4.24m WC First Floor Landing Bedroom 1 4.24m x 2.67m Bedroom 2 4.24m max x 2.67m Bedroom 3 3.02m x 2.16m Bathroom Tenure Leasehold (share of Freehold) – 125 year lease commencing 15th April 2016 The new owner will own a 40% share.
Any prospective purchaser will be required to meet the requirements as set out by North Devon Homes Rent Vendors advise £244.07 per month (including service charge) payable to North Devon Homes Services Mains electricity, water and drainage.
Air source heat pump Viewing Strictly by appointment with the selling agent Council Tax Band B - North Devon District Council
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
Agent & docs

FAQ
About Crosslands, Sticklepath, Barnstaple, Devon, EX31
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