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Long Lane, Combe Martin, Ilfracombe

South West

£540,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1251 sqft

Description

This mature detached bungalow features three bedrooms and is set on a generous plot of approximately 0.57 acres in a scenic semi-rural location, offering great development potential. Originally built in 1962, the property has remained within the same family and presents an exciting opportunity for renovation or expansion. The bungalow boasts well-proportioned interiors with bright and airy spaces, including the possibility of converting the sizable attic area—and an adjoining workshop—into additional living space, subject to obtaining necessary planning permissions. The grounds also include two period outbuildings that could be transformed into separate residential units, enhancing the property's investment appeal. A static caravan is situated within the gardens, providing utility options or a chance for replacement with something modern. The surrounding landscape includes picturesque views over open fields, and convenient access to local amenities and major transport routes makes this location attractive for both personal use and future resale. Given its unique agricultural occupancy condition, interested parties should consider this aspect when exploring development options here. Overall, this property offers significant refurbishment opportunities to create a bespoke home or rental investment in a desirable area close to North Devon’s stunning coastline and Exmoor.

Investment Analysis

(EX34 area)

Above Market Value

This property is priced +55.2% above area average per sq ft

+55.2%
This Property
£432/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£382,693
10% above area average per sq ft
Potential ROI
-38.3%
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

Long Lane, Combe Martin, Ilfracombe
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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
£1,978
Based on a loan of £405,000 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