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Borough Road, Combe Martin, Ilfracombe, EX34

South West

£1,100,000
Listed on 09/10/2025

Property Details

Bedrooms
10
Type
Detached house

Description

This substantial mixed-use property presents an exceptional opportunity for renovation and investment. Comprising ten bedrooms, the building is currently utilized for both residential and commercial purposes, offering versatility for various potential uses. One of the standout features is its established income streams from existing tenants, which can provide immediate financial return while you explore further development options. The property’s configuration allows for potential reconfiguration or expansion, depending on your vision and planning permissions—making it an exciting canvas for creative investors and developers alike. Being sold under freehold ownership ensures that you have complete control over the asset without any leasehold complexities. This aspect can be particularly appealing for those looking to either maintain tenant relationships or develop the space in line with market demands. Located in a desirable area that shows signs of growth, this property is well-positioned to benefit from increasing demand. Its adaptable layout further enhances its appeal, as it can accommodate a range of business opportunities or serve as a large residential dwelling post-renovation. Whether you're a seasoned investor looking to expand your portfolio or a developer eager to capitalize on emerging trends, this property offers significant potential. With motivated sellers open to serious offers, now may be the right time to explore this unique investment opportunity.

Investment Analysis

(EX34 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Borough Road, Combe Martin, Ilfracombe, EX34
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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
£4,030
Based on a loan of £825,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE