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Portland Street, Ilfracombe, Devon, EX34 - Image 1
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Portland Street, Ilfracombe, Devon, EX34

South West

£315,000
Listed on 07/10/2025

Property Details

Bedrooms
10
Type
Semi-detached house

Description

This substantial Grade II listed property, built in the early 19th century, presents a noteworthy opportunity for renovation and investment. Originally designed as an elegant private residence, it later transitioned into a care home and now awaits a new chapter. Spanning over 4,000 square feet across four well-proportioned floors, the building is situated just outside the town center, offering convenient access to local amenities while enjoying a peaceful garden at the rear with picturesque views over the Bristol Channel. The architectural integrity of the property is striking, featuring a distinguished façade and many preserved original elements that reflect its historic significance. Upon entering, you are greeted by an impressive central balustrade staircase—an enduring reminder of its heritage. Further within, ornate fireplaces and expansive bay windows enhance each room’s charm and character, allowing natural light to fill the interiors while maintaining high ceilings that contribute to an airy feel throughout. With ten bedrooms and multiple reception areas distributed across three floors, the layout offers significant versatility for reconfiguration. Although the property requires extensive modernization throughout, its size and arrangement lend themselves particularly well to conversion into self-contained apartments (pending appropriate planning permissions). Importantly, the roof appears structurally sound, providing assurance to prospective developers regarding its potential for refurbishment. The external features include off-road parking at the front and a rear garden that not only offers green space but also enjoys elevated vistas of the Bristol Channel—an appealing aspect for future residents. Its location just outside the bustling town center enhances accessibility while still providing a tranquil setting. For those looking to undertake a meaningful development project, this property stands out as an exceptional candidate. The combination of historic charm with commercial viability makes converting it into multiple apartments a compelling option. With careful planning and design considerations that respect its Grade II listing status, there exists an exciting opportunity to create modern living spaces that honor this landmark's rich history while meeting contemporary lifestyle demands. This is a rare chance to breathe new life into an architectural gem in close proximity to essential services and transport links.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
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

Portland 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
£1,154
Based on a loan of £236,250 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