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East Down, Barnstaple, Devon, EX31 - Image 1
East Down, Barnstaple, Devon, EX31 - Image 2
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East Down, Barnstaple, Devon, EX31 - Image 4
East Down, Barnstaple, Devon, EX31 - Image 5

East Down, Barnstaple, Devon, EX31

South West

£1,695,000
Listed on 28/09/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This former Georgian rectory presents a unique opportunity for renovation and investment, situated within approximately 10.5 acres of tranquil riverfront grounds. Located on the outskirts of the village of East Down, this property enjoys an enviable south-facing position surrounded by beautiful rural scenery at the foothills of Exmoor National Park. The peaceful setting offers both privacy and access to local amenities, including the highly regarded Pyne Arms pub, recognized as one of the top gastro pubs in the UK. Exmoor National Park is just a short distance away, renowned for its stunning moorland landscapes and winding streams that lead to breathtaking coastal views. The nearby coastline features some of the finest sandy beaches in North Devon, ideal for surfing and outdoor activities. With easy access to popular spots like Woolacombe and Croyde, the location is well-suited for those seeking recreational pursuits. Barnstaple, located about seven miles from the property, serves as a regional hub with a variety of shops, restaurants, and schools, including notable institutions like West Buckland School and Blundell’s. Transport links are convenient; Junction 27 of the M5 Motorway is accessible via the A361 North Devon Link Road, while Barnstaple’s train station connects to Exeter and beyond. The Old Rectory boasts historically rich architecture while offering significant potential for modernization or expansion. Extensively renovated by its current owners to combine character with contemporary amenities, it features spacious accommodation comprising four bedrooms, three bath/shower rooms, and multiple reception areas that retain original details such as high ceilings and period fireplaces. A highlight is the expansive kitchen/dining/family room equipped with bespoke Ashgrove cabinetry. Additionally, this property includes a two-bedroom detached cottage that has full residential use rights. This space could serve various purposes—from additional living quarters to a holiday rental—enhancing investment opportunities for future buyers. The grounds are diverse and include well-maintained gardens as well as pastures interspersed with woodland paths that meander alongside streams and ponds—creating an inviting environment for wildlife enthusiasts. There is also a sizable detached barn on-site which offers excellent potential for conversion into additional living space or guest accommodation (subject to necessary consents). With its combination of historic charm, expansive land use options, practical location benefits, and existing structural elements primed for enhancement or expansion projects, this property represents a distinctive opportunity in today’s market—ideal for those looking to invest in a rural lifestyle while having access to modern conveniences. Viewing

Investment Analysis

(EX31 area)
Area Average
£325/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.5%

Renovation Potential

Est. Renovation Cost
£169,500 - £423,750
10-25% of property value
Monthly Sales
18
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on EX31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

East Down, Barnstaple, Devon, EX31
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