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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 barn conversion, featuring 2 bedrooms, is set on an expansive 23.49 acres of predominantly pasture land, presenting a unique opportunity for renovation and investment. The property includes a cluster of historical structures, one of which has received planning permission for a linked conversion into a spacious 3-bedroom wing. Nestled in a serene hamlet with picturesque views towards Exmoor, this property balances rural tranquility with accessibility to local amenities and major transport routes. The original barn dates back to approximately 1700 and was thoughtfully converted in 2000, preserving its rustic charm while integrating modern comforts. The main living area showcases impressive vaulted ceilings and access to a south-facing sun balcony that overlooks the estate’s grounds. Additionally, there are several outbuildings offering potential for ancillary accommodation or home office spaces, subject to planning adjustments. With the existing structures and ample land available, this property provides considerable scope for personalization and expansion—ideal for those looking to create their own bespoke living environment or invest in further development. The gardens are well-established with diverse landscaping features and also include areas suitable for additional developments like garaging or new cottages upon obtaining necessary permissions. This is an exciting chance for buyers seeking both space and transformation potential in a beautiful countryside setting.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +93.0% above area average per sq ft

+93.0%
This Property
£623/sq ft
Area Average
£323/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£655,275
10% above area average per sq ft
Potential ROI
-47.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX31)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -5.5%
5 year growth: +9.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£4,073
Based on a loan of £862,500 over 30 years at 3.91% 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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