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The Quay, Ilfracombe, Devon, EX34 - Image 1
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The Quay, Ilfracombe, Devon, EX34

South West

£325,000
Listed on 01/10/2025

Property Details

Bedrooms
4
Type
Terraced

Description

This expansive four-storey terraced property is located in a bustling area filled with shops, restaurants, and bars that lead directly to Ilfracombe's picturesque pier and harbour. It offers stunning views of the inner harbour and the coastal landscape stretching across the Bristol Channel towards Wales. The building's exterior has been well-maintained, providing a solid foundation for future enhancements. Inside, it currently resembles a blank canvas with bare stone walls and some existing studwork frames, making it an enticing opportunity for redevelopment tailored to individual needs—subject to necessary approvals. All essential services are readily available on-site, enhancing its investment appeal. At the rear, the property includes a generous courtyard garden accompanied by a single-storey stone storage unit and an additional two-storey stone-built store at the far end, both offering excellent storage options or potential for further development. Historically utilized as a commercial space with residential accommodations above, there may still be opportunities for mixed-use configurations. Prospective buyers should consult with North Devon District Council's Planning Department to explore various redevelopment options before proceeding with any legal commitments. Positioned in one of Ilfracombe’s most desirable locales near the waterfront, this property allows easy access to local attractions including Damien Hirst’s ‘Verity’ statue and various beaches renowned for their natural beauty. The vibrant atmosphere thrives during summer months due to tourist influx. Essential amenities are within close reach, including independent shops and major supermarkets like Tesco and Lidl. Schools catering to all ages make this area particularly desirable for families. Offering access to stunning North Devon scenery and recreational activities such as surfing at nearby beaches like Woolacombe and Croyde, along with proximity to Exmoor National Park for breathtaking landscapes. With Barnstaple just 12 miles away providing further retail and transport links—including direct rail access to Exeter and London—this property stands out as a rare investment opportunity in a prime coastal setting. Given its current condition, it is likely un-mortgageable and available for cash buyers only. Early inspection is highly recommended to appreciate its extensive renovation potential.

Investment Analysis

(EX34 area)
Area Average
£286/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX34)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -8.5%
5 year growth: +2.1%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 over 30 years at 3.91% 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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