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Broad Street, Ilfracombe, Devon, EX34

South West

£350,000
Listed on 07/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated at a prominent intersection in a bustling tourist area, this property benefits from close proximity to key attractions, including public car parks, restaurants, and pubs. The vibrant harbor and Ilfracombe Pier are just a short stroll away, enhancing its appeal for visitors. Ilfracombe is renowned as North Devon's largest tourist destination, featuring beautiful beaches, expansive parklands, scenic coastal walks, and a well-regarded golf course on the town's outskirts. The famous sculpture ‘Verity’ by Damien Hirst further elevates the area's status as a cultural hotspot, drawing additional foot traffic. This charming townhouse presents significant renovation and investment opportunities. With approved residential planning for converting the front section into living accommodations, the property is currently stripped back to its stonework and timber beams—ready for fitting out to your specifications. The rear part has already been converted for commercial use as a restaurant or café. Due to other commitments, the owner is offering this unique piece of real estate near the busy harbor for sale. The layout provides flexibility for future owners; it can be transformed into a six-bedroom residence with two ground-floor rooms already receiving residential planning permission. Further development options include an extension that would allow an additional bedroom to be incorporated into the design. This makes it an ideal project for builders or DIY enthusiasts looking to create a private residence or capitalize on potential holiday let income. The recent planning approvals (reference 76829) from May 2023 facilitate the conversion of existing units into a three-bedroom apartment while permitting commercial usage on the ground floor suitable for various businesses. This versatility not only enhances investment value but also allows prospective buyers to tailor the space according to their vision. The property is equipped with mains electricity, water, and drainage services. Interested parties are encouraged to verify aspects such as broadband speed and mobile coverage before viewing. As VAT is not applicable here, prospective buyers should conduct their due diligence with HMRC regarding any potential charges. For those wishing to explore this property's potential further, viewings are strictly by appointment through the selling agents. Given its prime location and adaptable features, this townhouse represents an exciting opportunity for investors or individuals seeking a versatile project amidst one of North Devon's thriving tourism hubs.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Broad Street, Ilfracombe, Devon, 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
£1,282
Based on a loan of £262,500 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