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High Street, Ilfracombe, Devon, EX34

South West

£125,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mixed-use property offers a compelling opportunity for renovation and investment, making it an attractive prospect for buyers with vision. The building features a ground floor retail unit that includes a mezzanine level and a storeroom, providing essential commercial space. Above, the upper floors house a generous three-bedroom maisonette, which adds significant residential potential. Currently vacant and in need of extensive refurbishment, both the commercial and residential portions have been rented out separately in the past, illustrating their dual-income capability. The property's condition allows for creative redesign while also presenting the option to maximize its income-generating potential through updates. Notably, planning permission has been granted for a redevelopment scheme under application number 79555. This includes plans for a ground floor lock-up shop alongside a one-bedroom flat on the first floor that offers 58.2 square meters of living space. Additionally, the second and third floors are approved for a two or three-bedroom maisonette with a total area of 80.5 square meters. Such approved plans provide an excellent foundation for investors looking to enhance value through strategic renovations. Set in an area conducive to both commercial and residential activities, this property is well-positioned to attract future tenants or owners seeking modern living or workspace options. With thoughtful refurbishment and development aligned with local demand, this site holds significant potential for capital growth. An early viewing is advisable to fully appreciate the possibilities this property presents.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

High 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
£458
Based on a loan of £93,750 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.

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