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Cambridge Grove, Ilfracombe EX34

South West

£170,000
Listed on 05/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1108 sqft

Description

This mid-terraced home presents a solid opportunity for renovation and investment, offering a blank canvas for those looking to infuse their personal touch. The property features three generously sized bedrooms, complemented by a spacious lounge where natural light pours through large UPVC double-glazed windows, framing views of the rear garden and the Bristol Channel. A well-sized dining room provides ample space for meals and gatherings, while the kitchen awaits transformation with its substantial layout—ideal for creating a modern cooking environment. Accessed from the main living areas, the large four-piece bathroom suite has potential for updates to enhance both functionality and aesthetic appeal. Throughout the home, there are several areas that could benefit from modernization, allowing new owners to create a space that suits their needs. The front garden requires minimal upkeep, while the expansive rear garden is particularly noteworthy. With its stone-paved patio area spread across two levels, there is significant space designed for outdoor dining and relaxation against a backdrop of stunning sea views—perfect for enjoying warm evenings or entertaining guests. Situated in Ilfracombe, this property enjoys proximity to an array of independent shops, art galleries, restaurants, and bars. The vibrant seafront and harbour area is not only picturesque but also features contemporary attractions such as artist Damien Hirst's iconic ‘Verity’ statue and a recently established water sports centre with an accompanying café. North Devon's renowned golden sand beaches make this location especially appealing for surfers and beach enthusiasts; recently named one of only 12 ‘world surfing reserves’ globally. This combination of natural beauty and local culture enhances the property's appeal as an investment with strong potential returns. In summary, this home offers considerable renovation potential along with an enviable location that supports both lifestyle convenience and future value growth.

Investment Analysis

(EX34 area)

Below Market Value

This property is priced -44.8% below area average per sq ft

-44.8%
Potential saving
This Property
£153/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£338,948
10% above area average per sq ft
Potential ROI
+61.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX34)

Area prices are falling by +4.6% over the last 12 months
3 year growth: -11.9%
5 year growth: 6.3%
Investment Disclaimer: Analysis based on EX34 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

Cambridge Grove, Ilfracombe EX34
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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
£623
Based on a loan of £127,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE