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Pine Close, Ilfracombe, Devon, EX34 - Image 1
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Pine Close, Ilfracombe, Devon, EX34

South West

£325,000
Listed on 28/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
807 sqft

Description

Tucked away in a serene cul-de-sac, this two-bedroom link-detached property presents an excellent opportunity for renovation and investment. Spread across three levels, the home offers a unique layout that invites creative reimagining to suit modern living. Upon entry, you are greeted by a welcoming front porch that provides practical space for daily essentials. The layout features a main entrance landing with a convenient ground floor WC, enhancing everyday functionality. From here, two distinctive staircases branch off—one leading to the lower living area and the other ascending to the first floor. Descending to the lower ground level reveals the heart of the home—a spacious lounge bathed in natural light thanks to large windows showcasing distant sea views. Adjacent is the kitchen, equipped with ample storage and workspace, which connects seamlessly to a bright conservatory. This versatile space serves as an inviting dining or relaxation area and opens onto a patio that overlooks the gently sloping rear garden. With considerable room for landscaping and outdoor enjoyment, this area boasts great potential for enhancement, particularly with its sunny orientation and glimpses of the sea. On the upper floor, you'll find a generous landing equipped with built-in storage and an airing cupboard housing the gas-fired combination boiler. The second double bedroom is well-lit and positioned at the front of the property, making it ideal for guests or as a home office. Continuing along the landing leads to a family bathroom featuring essential amenities. The main bedroom showcases a flexible design divided by an archway, offering options for layout customization—whether as sleeping and dressing areas or combined into one expansive master suite. Additional features include off-street parking for one vehicle and access to a single garage at the front of the property—adding value and convenience. While some updating is needed throughout, this property’s distinctive split-level design, generous dimensions, and prime location in one of Ilfracombe’s favored residential areas present an exciting chance for savvy buyers looking to invest in their vision of home. There is no onward chain, simplifying your purchasing process.

Investment Analysis

(EX34 area)

Above Market Value

This property is priced +44.8% above area average per sq ft

+44.8%
This Property
£403/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£246,869
10% above area average per sq ft
Potential ROI
-32.4%
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

Pine Close, 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
£1,191
Based on a loan of £243,750 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE