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Silver Street, Barnstaple, Devon, EX32 - Image 1
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Silver Street, Barnstaple, Devon, EX32

South West

£130,000
Listed on 04/01/2026

Property Details

Bedrooms
1
Type
Terraced house
Area
889 sqft

Description

This adaptable terraced property offers an intriguing opportunity in a central location within Barnstaple. Currently configured with a commercial office unit on the ground floor and a one-bedroom flat above, it presents multiple avenues for investment or personal use. With its potential to be transformed into two separate residential units or reverted back to a single-family home, subject to planning permissions, this property invites creative reconfiguration. The convenient proximity to public transport and local amenities enhances its appeal as both a rental asset or owner-occupied residence. While the premises would benefit from modernisation, the scope for improvement allows future owners to enhance value significantly. The commercial space is currently generating an income of £300 per month, while the flat has previously rented for £550 per month, showcasing robust rental potential despite the need for updates. This mixed-use property is offered without any onward chain, making it an appealing prospect in one of North Devon's accessible and vibrant locations.

Investment Analysis

(EX32 area)

Below Market Value

This property is priced -45.8% below area average per sq ft

-45.8%
Potential saving
This Property
£146/sq ft
Area Average
£270/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£263,837
10% above area average per sq ft
Potential ROI
+55.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (EX32)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 1.4%
5 year growth: 14.9%
Investment Disclaimer: Analysis based on EX32 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

Silver Street, Barnstaple, Devon, EX32
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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
£476
Based on a loan of £97,500 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