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Horne Road, Ilfracombe, EX34 - Image 1
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Horne Road, Ilfracombe, EX34 - Image 5

Horne Road, Ilfracombe, EX34

South West

£300,000
Listed on 13/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1205 sqft

Description

This detached coastal property in Ilfracombe presents a unique opportunity for those looking to invest in a home that holds substantial renovation potential. With three generously sized bedrooms and two versatile reception rooms, the layout is well-suited for modern family living while allowing for customization to suit your tastes. The heart of this home lies in its open-plan kitchen and dining area, which provides ample space for gatherings and the chance to create an inviting atmosphere. Upstairs, you'll find three spacious bedrooms filled with natural light, featuring high ceilings and original details that add character. Additionally, the property includes a loft space for extra storage and a bathroom that offers room for updates. One of the standout features is the attached two-storey barn/workshop, providing exciting possibilities for conversion—potentially into a guest suite or rental unit, pending planning permissions. This feature alone significantly enhances the investment appeal of the property. Outside, you'll discover a private south-facing garden that invites your landscaping ideas. Whether you envision a tranquil retreat, outdoor dining area, or a small garden patch, there’s plenty of space to realize your vision. Located conveniently near beaches and coastal trails, this property not only offers accessibility to local amenities but also places you in proximity to some of the best surfing spots in the UK. The vibrant community of Ilfracombe also boasts an array of dining options featuring local produce and seafood, alongside cultural attractions like Damien Hirst's Verity statue. With Barnstaple just a short drive away, residents benefit from excellent transport links while enjoying all that this charming coastal town has to offer. This is more than just a home; it’s an opportunity to create something truly special while taking full advantage of a prime location with long-term investment potential.

Investment Analysis

(EX34 area)

Below Market Value

This property is priced -10.5% below area average per sq ft

-10.5%
Potential saving
This Property
£249/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£368,622
10% above area average per sq ft
Potential ROI
+2.4%
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

Horne Road, 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
£1,099
Based on a loan of £225,000 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