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Home Lane, Lee, Ilfracombe

South West

£550,000Guide Price

Listed on 02/02/2026

The listing

Property details

Bedrooms
2
Type
Detached
Area
1123 sqft

Features

  • Garage
  • Garden
  • Parking

Description

This detached character cottage is set on a generously sized and secluded plot, offering considerable renovation and development potential, pending planning permission. Located in a timeless coastal village just five minutes from the beach, the property comprises two reception rooms, two kitchens, two bedrooms, and a wet room. Additionally, it features two detached chalets that could serve as extra guest accommodation or spaces for conversion. Outbuildings including various sheds and a garage further enhance the property’s appeal. The ample parking facilities and separate car park make it practical for both living and potential commercial use. The cottage itself showcases painted rendered elevations with replacement double-glazed windows beneath a slate roof. With original features such as ornamental fireplaces, and solid fuel heating systems still in place, there’s a charming character throughout. While the accommodation is functional as received, modern updates could significantly enhance its value. This property stands out not just for its established surroundings in 'Fuchsia Valley' but also because of the array of local amenities nearby including walks through stunning landscapes within an Area of Outstanding Natural Beauty. It holds promise for those looking to invest in a coastal retreat or explore redevelopment options amidst breathtaking scenery. Overall, this cottage presents an excellent opportunity for both personal living space enhancement and investment growth in an attractive location.

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Map

Location

Home Lane, Lee, Ilfracombe
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-15.4% since listed
£550,000£49,000(-8.2%)
04/09/2026
Current price
£599,000£26,000(-4.2%)
07/07/2026
£625,000£25,000(-3.8%)
23/03/2026
£650,000Initial listing
01/02/2026

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