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North Street, Northam

South West

£500,000
Listed on 05/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
1787 sqft

Description

This charming 5-bedroom property, including a separate self-contained annexe, presents an excellent opportunity for those looking to invest in a coastal lifestyle. Located in the heart of a historic village, this residence boasts stunning sea views and flexible living arrangements, making it ideal for families or as a rental income source. The main cottage features inviting living spaces with character elements and a well-designed layout. The kitchen is functional but may benefit from modernisation, while the adjoining annexe offers significant potential for dual occupancy or Airbnb hosting. The home sits on a generous plot with ample off-road parking, which is particularly valuable in this central location. There is also potential to enhance the outdoor space by adding a workshop or garage (subject to planning permission), maximising both utility and value. This property could be fully converted into two separate dwellings if desired. Overall, with its desirable location and charming features, this property represents an exciting opportunity for renovation and investment in the thriving North Devon area.

Investment Analysis

(EX39 area)

Below Market Value

This property is priced -9.0% below area average per sq ft

-9.0%
Potential saving
This Property
£280/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£216
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£604,256
10% above area average per sq ft
Potential ROI
+7.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by -2.4% over the last 12 months
3 year growth: -13.5%
5 year growth: +13.4%
Investment Disclaimer: Analysis based on EX39 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

North Street, Northam
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 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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