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Summerhouse Path, Lynmouth

South West

£195,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1192 sqft

Description

This detached stone cottage presents a promising opportunity for renovation and investment, situated in the coastal village of Lynmouth. Currently requiring some updating, the property has potential to be transformed into a charming family residence or a characterful holiday retreat. The ground floor features a kitchen/breakfast room equipped with a solid fuel Rayburn, alongside two inviting reception rooms that boast open fireplaces. This layout allows for comfortable living and entertaining. The first floor accommodates three bedrooms, with one benefiting from an en-suite shower room, complemented by a separate bathroom. Outside, the property includes a small rear garden, offering a private outdoor space that could be enhanced or expanded with thoughtful landscaping and design. The absence of an onward chain facilitates an easier transition for new owners looking to invest. Nestled at the end of a quiet footpath shared with just a few neighboring homes, this cottage enjoys tranquility while remaining close to local amenities. Lynmouth is known for its picturesque setting along the River Lyn and proximity to stunning coastal views accessible via the cliffside railway from Lynton. The nearby town provides essential services such as shops, restaurants, and schools, ensuring convenience for residents. For those who appreciate outdoor activities, the South West Coast Path runs through Lynton & Lynmouth, offering access to miles of scenic walking trails along the coastline. Investing in this property not only means acquiring a home but also embracing the lifestyle that comes with it — easy access to beautiful beaches such as Woolacombe and Croyde within about 45 minutes' drive. Commuters will find benefits in the location as well; the A361 North Devon Link Road connects smoothly to major routes and rail services towards London. With excellent educational options available in the area and recreational opportunities in Exmoor National Park just moments away, this cottage is positioned well for those looking to invest in both lifestyle and property value. Utilities include mains water, drainage, and electricity, while council tax falls under Band D with North Devon Council. As an investment or renovation project, this property's unique character offers endless possibilities for enhancement while being surrounded by natural beauty and community amenities.

Investment Analysis

(EX35 area)

Below Market Value

This property is priced -48.0% below area average per sq ft

-48.0%
Potential saving
This Property
£164/sq ft
Area Average
£314/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£412,307
10% above area average per sq ft
Potential ROI
+68.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Market Turnover
%
Properties sold annually

Local Market Trend (EX35)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on EX35 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

Summerhouse Path, Lynmouth
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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
£714
Based on a loan of £146,250 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