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Home Lane, Lee, Ilfracombe

South West

£695,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1123 sqft

Description

This distinctive detached cottage, situated on a generously sized secluded plot, presents an exciting opportunity for renovation and potential development, subject to the necessary planning permissions. Located in a desirable coastal village just minutes from the beach, the property features two reception rooms and two kitchens across its two levels, complemented by two bedrooms and a wet room. Additionally, two detached chalets offer flexible accommodation options that could be revitalized for various uses. Outside, there are multiple outbuildings including a garage, carport, and several sheds, along with ample parking space. The mature gardens encompass over an acre of lightly wooded land which provides both privacy and potential for enhancements or extensions to the main dwelling. The property has been cherished by the same family for over 40 years and is ripe for someone looking to invest in a unique character home with significant scope for improvement.

Investment Analysis

(EX34 area)

Above Market Value

This property is priced +122.5% above area average per sq ft

+122.5%
This Property
£619/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£343,537
10% above area average per sq ft
Potential ROI
-56.2%
After renovation
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

Home Lane, Lee, Ilfracombe
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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
£2,546
Based on a loan of £521,250 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