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Lamb Park, Ilfracombe

South West

£220,000

Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Terraced
Area
1023 sqft

Description

This three-bedroom mid-terrace home in Lamb Park presents an excellent opportunity for renovation, boasting picturesque views of Ilfracombe and the Bristol Channel. The property features a spacious open-plan lounge diner, a well-designed kitchen, and three comfortable bedrooms, alongside a modern bathroom suite. While the home is functional, it could greatly benefit from cosmetic updates throughout, enabling a new owner to personalize the space and enhance its value. The low-maintenance front and rear gardens provide outdoor options ideal for leisure or gatherings. Lamb Park's proximity to vibrant local shops, art galleries, and eateries adds further appeal to this investment opportunity. Additionally, residents can enjoy nearby scenic beaches and the bustling harbour area which is noted for its artistic landmarks like Damien Hirst's 'Verity' statue. This property combines potential with location for those looking to make their mark in North Devon.

Investment Analysis

(EX34 area)

Below Market Value

This property is priced -26.0% below area average per sq ft

-26.0%
Potential saving
This Property
£215/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£327,068
10% above area average per sq ft
Potential ROI
+28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX34)

Area prices are rising by +10.1% over the last 12 months
3 year growth: -3.5%
5 year growth: +5.0%
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

Lamb Park, Ilfracombe
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-6.4% since listed
£220,000£5,000(-2.2%)
14/05/2026
Current price
£225,000£10,000(-4.3%)
21/02/2026
£235,000Initial listing
12/10/2025

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