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Lamb Park, Ilfracombe

South West

£235,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1023 sqft

Description

This mid-terrace home, located in the desirable area of Lamb Park, is an opportunity with potential for renovation and personalization. With three well-sized bedrooms and a spacious open-plan lounge diner, the property presents a solid foundation for modern living. The kitchen is functional, featuring ample storage and workspace along with essential appliances. The living room welcomes you with a charming fireplace and large double-glazed bay windows that create an inviting atmosphere. The dining area flows seamlessly from the lounge, making it ideal for family gatherings or entertaining guests. Each of the bedrooms has good proportions, offering flexibility in usage; whether you need additional space for a home office or guest accommodations. The modern bathroom includes a three-piece suite, which could be enhanced further to meet your personal taste. While the interiors are practical and comfortable as they are, this property would benefit from cosmetic updates that allow new owners to inject their style and preferences. Outside, both front and rear gardens have low-maintenance features such as stone paving, ideal for enjoying outdoor leisure activities without extensive upkeep. The sunny rear garden is particularly appealing, providing space for al fresco dining or family gatherings. An added bonus is the outbuilding equipped with electrics and plumbing; it can serve various purposes—from extending the kitchen’s utility to providing workshop space. Situated within close proximity to Ilfracombe’s vibrant town center, residents can easily access independent shops, dining options, art galleries, and lively bars. The picturesque seafront showcases Damien Hirst's famous statue 'Verity' and boasts an exciting new water sports center that adds to the community's charm. North Devon is renowned for its stunning beaches and surfing culture—recently designated as a world surfing reserve—which makes this area not only attractive for primary residence but also offers strong investment potential due to its appeal as a holiday destination. This property stands as an excellent prospect for buyers looking to make their mark in a thriving seaside locale while also benefitting from future value enhancement through renovations.

Investment Analysis

(EX34 area)

Below Market Value

This property is priced -17.4% below area average per sq ft

-17.4%
Potential saving
This Property
£230/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£312,946
10% above area average per sq ft
Potential ROI
+27.7%
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

Lamb 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
£861
Based on a loan of £176,250 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