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The Quay, Ilfracombe, Devon, EX34

South West

£325,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This expansive four-storey terraced property holds significant potential for investment, located in a bustling area filled with shops, dining options, and entertainment venues, all leading towards the scenic Ilfracombe pier and harbour. The property boasts impressive views of the inner harbour and coastal landscapes towards Wales from the rear. While the exterior of the building has been well-preserved, the interior is currently in a shell condition with bare stone walls and some existing studwork. This presents a remarkable opportunity for an owner to completely transform the space according to their vision, contingent upon acquiring the necessary planning permissions. All essential services are connected, ensuring that development can proceed without major infrastructure concerns. At the back lies a considerable courtyard garden alongside two stone-built stores which offer additional storage solutions or potential for further development. Historically utilized as a retail space on the ground floor with residential units above, there may still exist opportunities for commercial use, subject to local planning consultations. Situated in one of Ilfracombe’s most desirable locations near the vibrant harbour, this property benefits from proximity to popular tourist attractions like Damien Hirst’s renowned 'Verity' statue and several beautiful beaches. The local high street offers an array of independent shops and supermarkets while schools cater to all age groups, solidifying its appeal as a residential locale. For those who appreciate North Devon's stunning coastline and countryside, this location is ideal. Woolacombe, Croyde, and Saunton's famous surfing beaches are easily accessible along with Exmoor National Park's scenic walking trails. Barnstaple is approximately 12 miles away providing access to larger town amenities along with strong transport links. This property represents a unique investment possibility for those looking to engage in a substantial renovation project in a prime waterfront setting. Due to its current condition likely rendering it un-mortgageable, only cash buyers will be considered. Early viewing is recommended to grasp the full scope of this renovation opportunity.

Investment Analysis

(EX34 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
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
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

The Quay, Ilfracombe, Devon, 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
£1,191
Based on a loan of £243,750 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