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See how verdicts work2-bedroom terraced house · EX34 9HH
Sold STCListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, Merrydale presents an exciting opportunity to acquire a home with excellent potential in a convenient and accessible location.
Requiring a programme of modernisation and improvement, the property offers buyers the chance to create a home tailored to their own tastes and requirements while adding value over time.
A standout feature of the property is the exceptional parking provision, something rarely found with homes of this type.
The property benefits from a large private driveway providing off-road parking for two vehicles.
In addition, there is a single garage situated beneath the property, offering further parking, storage or workshop potential, creating a level of flexibility seldom available in the area.
Internally, the accommodation comprises a comfortable lounge leading through to an open-plan kitchen, providing a practical layout with scope for enhancement.
To the first floor are two well-proportioned double bedrooms, with the principal bedroom enjoying attractive sea glimpses, together with the family bathroom.
The property also benefits from a useful attic space, ideal for storage and helping to maximise the home's practicality.
With its generous parking, garage, attic storage and scope for improvement, Merrydale offers an excellent opportunity for buyers seeking a property they can modernise and make their own.
Ilfracombe is an historic Victorian seaside resort and provides shopping facilities as well as other amenities such as Building society, Library, Post Office, Schools and Cinema etc.
There are a number of attractions within walking distance including Damien Hirst's now famous Verity statue situated on the Harbour, the new water sports centre, 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 the wide stretches of golden sand with crashing surf.
For a unique beach experience visit 'The Tunnels' in Ilfracombe, holders of a 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 premises on your right hand side proceed along Ilfracombe High Street.
On sighting Ilfracombe Cinema take the right hand turning just before this landmark leading in Meridian Place. Continue up this road where the property can be found on your left hand side.
The property benefits from a private driveway providing off road parking for up to two vehicles, together with a single garage, offering excellent parking and useful additional storage or workshop potential.
To the rear, there is a private enclosed courtyard garden, creating a low maintenance outdoor space that is ideal for relaxing, entertaining or enjoying a morning coffee.
Offering plenty of scope to enhance and personalise, it provides the perfect blank canvas for buyers looking to create an attractive and practical outdoor seating area.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Meridian Place, Ilfracombe, Devon
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