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Long Lane, Combe Martin, Ilfracombe

South West

£540,000

Listed on 07/07/2026

Property details

Bedrooms
3
Type
Bungalow

Description

This three-bedroom detached bungalow, set within approximately 0.57 acres of semi-rural land, presents an exciting opportunity for renovation and development. Built in 1962 and owned by the same family since its construction, the property features a spacious layout that includes a bright kitchen/dining room with sliding doors opening to the garden, offering picturesque views of the surrounding countryside. There is substantial potential to convert the sizable attic space as well as the adjoining workshop into additional living areas, pending planning approvals. The outdoor space boasts several characterful outbuildings, including two period barns that could be transformed into separate residential dwellings, also subject to necessary planning consent. Additionally, a static caravan on-site has utility connections and may serve various uses or be replaced altogether. With its strategic location near Exmoor and local beaches, this property not only offers a comfortable home but also promises significant investment potential for the right renovator.

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Investment analysis

(EX34 area)
Area Average
£290/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
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
4%
Properties sold annually

Local Market Trend (EX34)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -4.8%
5 year growth: -5.0%
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

Long Lane, Combe Martin, Ilfracombe
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,040
Based on a loan of £405,000 over 30 years at 4.45% 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.

Stamp duty calculator

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