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See how verdicts work4-bedroom detached house · EX38 8LH
Listing removedListed 47 days
Opportunity summary
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About
A spacious former Methodist Chapel with stunning living and dining room with original vaulted ceiling, kitchen, 3/4 bedrooms, two bathrooms, off-road parking for three vehicles and courtyard style gardens.
EPC Band D. Situation The property is situated at Stibb Cross which has a popular pub and on the outskirts of the village, a farm shop.
The historic market town of Great Torrington offers a wider range of amenities such as bank, butchers, various shops, Post Office, pet shop and places of worship.
There is also the Plough Arts Centre which is a theatre, cinema & art gallery, supermarkets, pubs, restaurants, schooling, swimming pool, golf course, rhs Rosemoor Gardens and Dartington Crystal.
Great Torrington is also surrounded by acres of communal grounds and offers fantastic walks.
The port and market town of Bideford offers a wider range of amenities including schooling for all ages (public and private), 5 supermarkets and retail park.
The nearest, safe and sandy beach is Westward Ho! And adjoins Northam Burrows Country Park.
The market town of Holsworthy is 10 miles away with further amenities such as schools, restaurants, pub and Waitrose.
Barnstaple is approximately 18 miles away with the area's main businesses, shopping and commercial venues.
Description An interesting and deceptively spacious former Methodist Chapel with stunning living and dining room with original vaulted ceiling, kitchen, three/four bedrooms, two bathrooms, off-road parking for three vehicles and courtyard style gardens.
The accommodation has been lovingly maintained by the current owners which has been greatly improved with the introduction of an air source heat pump used for central heating, double glazing throughout and an EV car charging point, making this a superb period conversion which has been tastefully blended with 21st century refinements.
We envisage this would suit as a main residence, holiday let or second home. Certainly a property that needs to be viewed to be fully appreciated.
Accommodation An entrance porch with tiled flooring and space for coats, boots etc leads into the original part of the chapel used as the living and dining room and still retains many of the original features with the vaulted gothic style ceiling, ornate wooden panelling and cathedral-shaped double glazed windows.
There is also a feature stone fireplace with an inset wood burner. A wonderful open plan space, perfect for entertaining.
From here a door leads into the inner hallway with access to two ground floor bedrooms and the kitchen which includes a good range of bespoke fitted units, separate laundry/utility room and bathroom.
On the first floor is the light and spacious principal bedroom with high ceilings, exposed beams large Velux window and ensuite bathroom.
There is also an additional fourth bedroom which could be used as an office, guest room or dressing room for the principal bedroom.
Outside Externally the property offers low maintenance gardens to the side and rear with space for seating, outdoor dining etc.
The shared driveway leads to your own private parking area providing off-road parking for three vehicles along with a large storage shed and its own EV charging port.
Services Air source heat pump, mains electric, water and drainage. According to Ofcom, Standard broadband is available at the property and mobile signal is likely with EE, Vodaphone, O2 and Three.
For further information please see the Ofcom website. Currently full fibre broadband connected.
Viewings Strictly by confirmed prior appointment please, through the sole selling agents, 'Stags' on or Directions From Bideford Quay, head south on New Road, at the mini-roundabout, go straight over, onto the A386, signed 'Torrington/Holsworthy/Okehampton', after approx.
2 miles, turn right onto the A388, signed 'Monkleigh/Holsworthy'.
Continue on this road for approx 6.6 miles, then turn right to stay on the A388, and the property will be on your right, on the corner of the right hand turn towards 'Woolsery/Clovelly'.
Postcode: EX38 8LH (not to be relied upon). What3words: ///leans.corn.certainly
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.
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About The Old Chapel, Torrington
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