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Station Road, Ilfracombe, Devon, EX34

South West

£425,000
Listed on 01/02/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This spacious detached bungalow, originally built in the 1960s, offers a unique blend of charm and potential. Nestled on a generous plot of approximately 0.24 acres, the property boasts a sense of privacy while remaining conveniently close to the town center and essential amenities. Coming onto the market for the first time in over 40 years, it presents an unmissable opportunity for buyers looking to invest in a home with renovation possibilities. With well-maintained interiors, this bungalow is ready for a fresh update. Buyers can take advantage of ample space throughout the home to add their personal touch. The expansive loft area—measuring an impressive 47 feet—holds significant promise for conversion into additional living space (subject to planning approvals), making this property ideal for those seeking to expand or enhance its value. The internal layout is both practical and versatile, starting with an inviting entrance hallway that connects all main rooms and offers direct access to an integral garage. Storage options are plentiful with multiple cupboards integrated throughout. The living areas are bright and airy; the primary lounge features views of the surrounding area, while an additional sitting room at the rear overlooks the serene garden. The kitchen comes equipped with fitted base and wall units along with a breakfast area that encourages casual dining. A separate lobby adds convenience with access to a cloakroom/WC and additional storage. The four bedrooms are generously sized, each capable of accommodating double beds, three of which include built-in wardrobes—a great asset for maximizing space. Modern conveniences such as gas-fired central heating and uPVC double glazing ensure efficiency and ease of maintenance. Outside, a sweeping tarmacked driveway leads up to ample parking space for multiple vehicles and offers easy step-free access to the main entrance of the home. The front garden is thoughtfully landscaped with mature trees and vibrant flowerbeds that provide privacy from the road. Paths on either side lead to a fully enclosed rear garden that serves as a peaceful retreat filled with grassy areas and colorful plantings—ideal for outdoor enjoyment or future landscaping projects. This property stands out not only due to its size but also its location and potential for enhancement, making it an attractive prospect for anyone seeking both comfort in daily living as well as investment opportunities through renovations or expansions. An early viewing is strongly recommended to fully grasp all that this property has to offer.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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

Station Road, 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
£1,557
Based on a loan of £318,750 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