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Lee Bay, North Devon, EX34

South West

£1,375,000
Listed on 29/12/2025

Property Details

Bedrooms
7
Type
Detached house

Description

This property presents an exceptional investment opportunity, set within approximately 4.5 acres of scenic grounds in a charming coastal village. The main residence is a thoughtfully designed three-bedroom house boasting stunning views over Fuchsia Valley and the sea, alongside two holiday lodges that currently function as rental units. With potential for conversion to full residential use (subject to planning permission), the lodges could accommodate extended family or be further developed for additional income. The main house features a spacious light-filled hallway leading into multiple living spaces, including a double-aspect living room with sea views and a wood-burner, as well as a versatile kitchen open to the breakfast room, ideal for family gatherings. The first floor offers three bedrooms, each with en-suite bathrooms, providing comfortable living arrangements. The holiday lodges are equipped with their own kitchens and bathrooms, designed currently for short-term rentals but easily adaptable for various uses due to non-structural internal walls. Outside, the expansive grounds offer ample space for outdoor activities and potential development opportunities, including planning possibilities for additional structures or amenities such as a swimming pool. A private driveway leads to generous parking and access to the attractive surrounding nature. With its idyllic location and substantial land area, this property offers significant scope for enhancements or expansions that can maximize its appeal and profitability.

Investment Analysis

(EX34 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX34)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -6.7%
5 year growth: +5.1%
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

Lee Bay, North Devon, EX34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,959
Based on a loan of £1,031,250 over 30 years at 4.06% 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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