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Torrs Park, Ilfracombe

South West

£895,000
Listed on 30/12/2025

Property Details

Bedrooms
11
Type
Detached house

Description

This distinctive period property offers a remarkable opportunity for renovation and investment, situated in an elevated position above the picturesque seaside town of Ilfracombe. Originally constructed in 1872, this Gothic mansion has been partially renovated but presents further potential for enhancement and development, particularly with its extensive space and diverse layout. Currently functioning as a wellness hotel, the property boasts eleven bedrooms—all with en suite facilities—a spacious commercial kitchen, and multiple reception areas designed for hospitality use. The hallmark features of high ceilings, original cornicing, and large windows remain intact, complemented by modern improvements such as a new heating system and upgraded terraces. Potential exists to expand its current uses or transform parts of it into self-contained apartments or additional guest accommodations, subject to relevant consents. The expansive gardens surrounding the property provide ample outdoor space while offering spectacular views over the coast. A sizable outbuilding on site presents further avenues for development or conversion into separate living quarters or amenities for guests. Given its unique character and strategic location near local amenities and scenic coastal paths, this home represents a compelling opportunity for those looking to invest in property that combines historical charm with modern versatility.

Investment Analysis

(EX34 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£198
Avg Yield
3.4%

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
16%
Properties sold annually

Local Market Trend (EX34)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -9.3%
5 year growth: +3.2%
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

Torrs Park, Ilfracombe
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,228
Based on a loan of £671,250 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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