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Yarnscombe, Barnstaple

South West

£650,000
Listed on 11/09/2023

Property Details

Bedrooms
7
Type
Semi-detached house

Description

This expansive five-bedroom farmhouse, with origins dating back to the 1750s, presents a unique opportunity for renovation and investment in the scenic North Devon countryside. Accompanied by two attached holiday-restricted cottages, this property boasts an enviable setting between Barnstaple and Torrington, surrounded by picturesque landscapes. The local village of Yarnscombe is just a short drive away and offers a welcoming community atmosphere along with various recreational options for all ages. Enjoy tranquil walks through the beautiful Devonshire countryside with easy access to coastal areas and notable attractions like Exmoor and Dartmoor National Parks nearby. The farmhouse itself retains much of its original charm, featuring traditional elements such as open fireplaces and beamed ceilings. While requiring modernisation throughout, it holds significant potential as a spacious family residence or as a lucrative rental investment given the income-generating possibility from the attached cottages. The generous private garden at the rear is a blank canvas ready for personal landscaping touches, while ample parking space for several vehicles adds practical value. Internally, the layout provides comfortable living spaces with scope for updates. The entry hall leads into two well-proportioned reception rooms—ideal for dining and relaxation—with cozy inglenook fireplaces that enhance the home's character. The kitchen features wooden cabinetry and essential appliances but may benefit from contemporary upgrades. Further amenities include utility space and convenient access to outdoor areas. On the upper floor, five sizeable bedrooms await, including one with an en-suite bathroom and another also offering en-suite facilities. The family bathroom completes this level. The additional properties—Honeysuckle Cottage and Primrose Cottage—each feature one bedroom, providing further development possibilities within holiday letting frameworks or guest accommodations.

Investment Analysis

(EX31 area)
Area Average
£323/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -5.7%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on EX31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Yarnscombe, Barnstaple
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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