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Tors Road, Lynmouth

South West

£599,950
Listed on 13/03/2025

Property Details

Bedrooms
8
Type
Semi-detached house
Area
3407 sqft

Description

This historic property, constructed in 1893 by Captain Jack Crocombe—renowned for his heroics with the LOUISA lifeboat—offers a unique opportunity for renovation and investment. Currently configured as a guesthouse, the building features eight en-suite bedrooms, making it ideal for both short-term rentals and long-term accommodation. Nestled just a short stroll from the beach and local amenities, this location is highly desirable for those looking to capitalize on the area's tourism potential. The area’s proximity to the South West Coast Path offers excellent walking routes and scenic views, enhancing its appeal to visitors seeking outdoor adventures. The property boasts a spacious south-facing front terrace, which could be an inviting spot for guests to relax. A rear courtyard garden and outbuildings provide additional space that could be repurposed or developed further—subject to planning permission—for additional accommodation or leisure facilities. Inside, the flexible living spaces include a welcoming entrance hall with original tiled flooring leading into various communal areas such as a dining room and lounge. The kitchen is equipped with essential appliances suitable for commercial use, alongside practical utility spaces that support efficient operations. Each of the eight bedrooms features distinct attributes—from traditional four-poster beds to modern en-suites—providing a mix of character and functionality. With minor updates and renovations, these rooms could attract higher occupancy rates or serve as appealing holiday rentals. The property includes ample parking space for up to six vehicles, which is an added benefit in this popular tourist region. Moreover, the presence of super-fast fibre broadband and oil-fired central heating makes it conducive for year-round operation. Overall, this property presents significant renovation potential while being well-positioned in an attractive coastal community. With its combination of historic charm and practical features, it invites creativity for further development or enhancement as an investment venture.

Investment Analysis

(EX35 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£176/sq ft
Area Average
£314/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,178,464
10% above area average per sq ft
Potential ROI
+38.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Market Turnover
%
Properties sold annually

Local Market Trend (EX35)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on EX35 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

Tors Road, Lynmouth
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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