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See how verdicts work3-bedroom terraced house · EX38 8EP
Listing removedListed 355 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
What a fantastic Freehold investment opportunity to be had in this semi commercial freehold property.
Divided into two distinct areas where the ground floor currently enjoys A3 planning consent and consists of a shop front, prep and store room.
For decades this part of the building has been run as a successful fish and chip shop but now the time has come for the owners to move on.
The current owners are looking to sell the overall building as one and as such do not intend to sell the business as a going concern.
That being said there is nothing to stop you from setting up your very own food outlet once purchased. There is however much more than just the shop front to the building.
Accessed from the alley way to the side is a rather impressive three bedroom two storey maisonette above. With over 1000 square feet of accommodation it’s not small either and is very well kept.
Overall this represents a great opportunity for someone to earn an income whilst living on site.
If that’s not your thing other options could include applying for a change of use and turning it all into one large family home.
Another option would be to divide the building up into flats or as a house of multiple occupancy.
To the rear of the property there is a very good sized South facing garden, outbuildings of various sizes and a much larger than average garage.
All of this can be accessed via a private driveway to the rear which in turn provides plenty of off road parking.
The building has been well maintained over the years meaning the new owners can move straight in.
In practical terms the property is conveniently located a short skip from the town square where all your grocery needs can be satisfied.
Like most of Great Torrington the cottage is on the fringes of Torrington Commons, 365 acres of countryside allowing for miles of scenic walks with access to the locally renowned Tarka trail, a footpath / cycle way mainly built on the bed of a disused railway where the gradients are gentle.
It winds its way following the course of the river Torridge as far North as Ilfracombe or going inland South towards Meeth.
The vendor informs us that the property is of brick construction under a slate roof. Your surveyor or conveyancer may be able to clarify further following their investigations.
The property is serviced by gas fired central and water heating. Mains electric, water and drainage are connected.
Broadband: Superfast speeds are available up to 150mbps (information taken from the Ofcom checker) Mobile phone: Coverage available onsite.
(See Ofcom checker for further information) Torrington Office – Award-Winning Estate Agents Our Torrington estate agents deliver trusted property advice and professional service across all property types.
Known for integrity and attention to detail, our team achieves excellent results marketing homes and property for sale in Torrington.
We highlight local attractions including rhs Rosemoor Gardens and The Commons to engage motivated buyers.
Recognised within the British Property Awards network, our branch has earned a strong reputation for service and reliability.
Contact our Torrington office today to book your free valuation or expert consultation.
Directions From our offices on Well Street, turn left and continue down Well Street to where the property can be found on the right hand side.
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.
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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 33, Well Street, Devon
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