We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom semi-detached house · EX32 0JQ
Sold STCListed 1249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold for the first time in 20 years is this unique opportunity to acquire a beautifully maintained three bedroom cottage with an adjoining former village shop, further outbuildings and a generous garden.
The home offers inviting accommodation briefly comprising of a conservatory with attractive slate flooring that continues into the dining room which has an abundance of charm and character.
From here you can access the sitting room which is nicely presented and is flooded with natural light from the box style window.
The kitchen continues to impress with built in appliances, base level units and a neutral decor.
Heading up to the first floor you will find three good sized bedrooms and a stylish four piece bathroom suite including a slipper bath.
The shop has its own entrance from the road and provides ample space and size, there is access through to a large store room in addition and also access into the main cottage.
This space could be used once more as an income generating shop or alternatively, subject to obtaining necessary permissions could be converted to create additional living space for the home.
Lyncroft cottage is located in the sought after village of Landkey.
The village itself is situated just 2.5 miles east of Barnstaple and has an outstanding primary School, there are regular buses to both Barnstaple and South Molton.
Amenities within the village include an historic church, a village hall, post office/shop and a popular Public House.
The village enjoys direct access to the A361 (North Devon link road) which provides links to the larger regional centre of Barnstaple, the historic and regional centre of North Devon affording a more extensive range of commercial, educational and recreational facilities befitting from a variety of banking, schooling, a theatre, cinema, leisure centre and restaurants, combining modern shopping amenities with a bustling market atmosphere.
Popular sandy beaches of Westward Ho!, Instow, Saunton, Croyde and Woolacombe are within easy reach.
The cathedral city of Exeter with its university, airport, inter-rail and motorway links is some 42 miles in distance.
Stepping into the garden there is a low maintenance stone gravelled space which is ideal for a sitting and relaxing.
Further on there are a small amount of steps leading to slabbed patio that overlooks the main body of the garden which is predominantly laid to lawn and is private and enclosed on all sides.
There is a hot tub that shall be remaining and multiple outbuildings that can also be utilised.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Blakeshill Road, Landkey, Barnstaple, Devon, EX32
Explore nearby