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East Down, Barnstaple

South West

£1,150,000

Listed on 09/05/2025

Property Details

Bedrooms
2
Type
Detached
Area
1846 sqft

Description

This distinctive detached two-bedroom barn conversion presents a unique investment opportunity within a serene setting of 23.49 acres, predominantly pasture land. Alongside the main dwelling, a cluster of period buildings exists, one of which has secured planning permission for the development of a linked three-bedroom wing. The property seamlessly blends historical charm and contemporary living, with rustic stone elevations and double-glazed oak-framed windows under a slate roof. The interior offers a reverse living layout with impressive features, including a spacious first-floor reception kitchen area with vaulted ceilings and direct access to a sun balcony boasting breathtaking views over the surrounding landscape. Ground floor accommodations include a master bedroom with an en suite and garden room, while an additional bedroom has an adjacent wet room. The property also includes versatile outbuildings that could serve as ancillary accommodation or office space, allowing for creative renovation possibilities. With planning permission to enhance the existing structures into spacious family accommodation, there lies potential to create a more expansive home or even dual occupancy living. Well-maintained gardens feature various areas like vegetable patches and pathways leading to charming water features. This property is ideally positioned for those looking not only for unique residential opportunities but also to develop their own 'Grand Design,' all while enjoying the tranquillity of its rural location in proximity to local amenities.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +95.2% above area average per sq ft

+95.2%
This Property
£623/sq ft
Area Average
£319/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£648,168
10% above area average per sq ft
Potential ROI
-48.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -7.4%
5 year growth: +6.3%
Investment Disclaimer: Analysis based on EX31 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

East Down, Barnstaple
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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
£4,345
Based on a loan of £862,500 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

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