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Watermouth Road, Ilfracombe, Devon, EX34 - Image 1
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Watermouth Road, Ilfracombe, Devon, EX34 - Image 3
Watermouth Road, Ilfracombe, Devon, EX34 - Image 4
Watermouth Road, Ilfracombe, Devon, EX34 - Image 5
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Watermouth Road, Ilfracombe, Devon, EX34 - Image 11

Watermouth Road, Ilfracombe, Devon, EX34

South West

£185,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This versatile property, previously utilized as a guest house, restaurant, and more recently a freehold establishment with residential features, presents an exciting opportunity for renovation and investment. Vacant and requiring modernization, the space is ripe for redevelopment. Recent planning permission allows for transforming the bar and restaurant area into two separate residential apartments, each comprising two bedrooms and private outdoor spaces. An alternative option could involve converting the entire structure into one large family home through a fresh application to the local authority. The building spans three floors, with commercial facilities on the ground level featuring a sizable dining area for patrons along with necessary service areas including a commercial kitchen. Above, the residential section contains three bedrooms—two ensuite—and ample living space that includes a lounge with coastal views. The total area of approximately 319 m² offers significant scope to reconfigure the layout to suit modern living standards. The exterior boasts amenity spaces such as courtyards and balconies along with an expansive but overgrown garden that slopes away from the property. Additionally, there’s a detached office/store at the rear which adds further potential for varied usage. Located in Hele, near Ilfracombe and within close reach of beaches and local amenities, this property benefits from high visibility due to its position on a main road frequented by tourists and locals alike. All essential services are available, making it suitable for both residential and commercial endeavors in this popular area.

Investment Analysis

(EX34 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£198
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
16%
Properties sold annually

Local Market Trend (EX34)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -9.3%
5 year growth: +3.2%
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

Watermouth Road, Ilfracombe, Devon, EX34
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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
£667
Based on a loan of £138,750 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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