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East Down, Barnstaple

South West

£895,000
Listed on 29/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1846 sqft

Description

This is a distinctive opportunity to acquire a charming detached barn conversion set on approximately 1.7 acres, complete with additional adjoining land available for those seeking more space. With its unique configuration, this property already boasts two bedrooms but includes the exciting potential to expand into a five-bedroom home through the approved planning for a linked conversion of an adjacent barn. The serene location offers breathtaking views towards Exmoor, making it an ideal setting for tranquil country living. Conveniently located just 15-20 minutes from Barnstaple and easy access to the North Devon coastline, this property merges rural charm with accessibility to local amenities, including schools and shopping facilities. Built around 1700 but modernized in 2000, the barn features traditional stone elevations and oak-framed windows under a slate roof while sensibly integrating modern comforts with historic aesthetics. The first floor opens up into a spacious reception area that highlights vaulted ceilings and expansive views from its sun-soaked balcony. The ground floor hosts well-appointed bedrooms, including one with an ensuite; however, additional renovation could elevate these spaces further or adapt them according to personal needs. Significantly, various outbuildings provide opportunities for further development into ancillary accommodation or functional spaces such as home offices or storage after securing the necessary permissions. The grounds are beautifully landscaped and maintained, offering endless possibilities for gardening enthusiasts or those looking to create private outdoor areas. Moreover, given its overall configuration and land size combined with existing planning permission for expansion, Ashelford Farm presents itself not just as a home but also as an investment project ripe with potential for personal customization or future enhancements.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +50.7% above area average per sq ft

+50.7%
This Property
£485/sq ft
Area Average
£322/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Target Value
£653,244
10% above area average per sq ft
Potential ROI
-35.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +2.3% over the last 12 months
3 year growth: -5.3%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on EX31 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

East Down, Barnstaple
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,228
Based on a loan of £671,250 over 30 years at 4.06% 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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