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Hillington, Ilfracombe, Devon

South West

£220,000
Listed on 07/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
635 sqft

Description

This terraced home in Hillington, Ilfracombe, presents an opportunity for renovation while offering a solid foundation in a desirable location. With two double bedrooms and views over the surrounding area, this property combines potential with practicality, making it suitable for first-time buyers or investors looking to capitalize on its investment opportunities. As you step inside, you'll find a spacious open-plan reception area filled with natural light thanks to large windows that frame the scenic outlook. The ample space allows for versatile furniture arrangements and includes built-in storage solutions that enhance functionality. The kitchen currently requires modernisation, providing an excellent opportunity for buyers to customize the space according to their preferences and needs. This blank canvas scenario allows new owners the chance to significantly increase value through thoughtful updates. The upstairs hosts two comfortably sized double bedrooms, each benefitting from elevated views that create a serene atmosphere. These rooms offer ample scope for personalization and design, making them ideal spaces for both relaxation and creativity. A stylishly finished family bathroom features a rain shower and a full-sized panel bath complemented by heated towel rails, creating a comfortable retreat after a busy day. Outside, the rear patio offers private outdoor space that is both low-maintenance and conducive to leisure or entertaining. Additionally, there’s a single garage providing secure parking or extra storage—an added advantage in this family-friendly neighborhood. Situated within easy reach of green spaces and local amenities such as shops, schools, and cultural attractions, this property is well-placed for those seeking convenience alongside nature. Ilfracombe's historic charm is evident in its attractions like Damien Hirst’s Verity statue and award-winning beaches like Hele Bay and Woolacombe—all just moments away. This home represents an intriguing prospect where comfort meets renovation potential in a scenic setting. A visit is highly recommended to appreciate what this property has to offer fully.

Investment Analysis

(EX34 area)

Above Market Value

This property is priced +24.6% above area average per sq ft

+24.6%
This Property
£346/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£194,253
10% above area average per sq ft
Potential ROI
-19.1%
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

Hillington, Ilfracombe, Devon
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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
£806
Based on a loan of £165,000 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