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4 Portland Park, Ilfracombe

South West

£599,950
Listed on 23/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1795 sqft

Description

This detached Art Deco-style residence offers a unique opportunity for renovation and investment, highlighted by its stunning sea views and generous ¼-acre gardens. The property features a well-proportioned layout across two floors, comprising four bedrooms, two reception rooms, and a kitchen. Notably, the current owners obtained planning permission in November 2020 for significant enhancements, including an open-plan kitchen/dining area, a large utility room, a balcony off the main bedroom, and a roof terrace on the third floor. These updates present an excellent chance for buyers to tailor the space to their preferences and create their ideal coastal retreat. Situated in a quiet ‘no through’ lane in Peacehaven, this home not only boasts impressive views of the Bristol Channel but is also conveniently located within walking distance of Ilfracombe's town center and beach. Ilfracombe is known for its vibrant community atmosphere with local amenities including primary and secondary schools, independent shops, cafés, restaurants, and larger supermarkets like Tesco. Residents have access to various leisure facilities such as Ilfracombe Golf Club and an emerging marine leisure hub that fosters water sports and arts activities. The property is well-connected by public transport links to nearby Braunton, Minehead, and Barnstaple—approximately 11 miles south—where you'll find major shopping venues and services. Barnstaple serves as the region’s commercial heart with easy access to the A361 North Devon Link Road leading to Junction 27 of the M5 motorway. Additionally, Tiverton Parkway provides swift train connections to London Paddington in just over two hours. Surrounded by natural beauty, this location is also close to renowned surfing beaches such as Croyde and Woolacombe—both less than ten miles away—and offers proximity to Exmoor National Park with its extensive trails for walking and riding. Upon entering this spacious home through an elegant curved entrance door adorned with leaded glass features, you're greeted by a large hallway that connects all principal spaces. The dual-aspect sitting room enjoys direct sea views while the dining room features a wood-burning stove—a cozy element enhancing its appeal. The kitchen situated at the rear is functional yet ripe for transformation into a modern culinary space. The first floor accommodates four bedrooms that provide ample space for family living or guest accommodations; several offer delightful sea views. Original period elements throughout the home—including high ceilings, picture rails, panelled doors, and fireplaces—add character that can be preserved or enhanced during renovations. Externally, the property benefits from extensive

Investment Analysis

(EX34 area)

Above Market Value

This property is priced +20.2% above area average per sq ft

+20.2%
This Property
£334/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£549,108
10% above area average per sq ft
Potential ROI
-21.6%
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

4 Portland Park, Ilfracombe
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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
£2,198
Based on a loan of £449,962 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