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The Square, Northam, Bideford

South West

£250,000
Listed on 23/03/2026

Property Details

Bedrooms
5
Type
Detached

Description

This historic Grade II listed building presents a unique investment opportunity in the centre of Northam village. With origins possibly tracing back to the 15th century, this property has served various purposes over the centuries, including its early role as a workhouse and an infant school. More recently, it has functioned as a community hall accompanied by two separate flats—one on the ground floor and another above—providing potential rental income. The building boasts significant space and versatility, making it suitable for continued community use or private development, subject to necessary legal approvals regarding its historical trust provisions. Prospective buyers should consider seeking legal advice early in the process. Although the property is full of character and potential, it requires a comprehensive renovation plan to unlock its full capabilities. The main hall is expansive with high ceilings and period windows that flood the area with natural light, contributing to an inviting atmosphere perfect for gatherings or events. Complementing this space are additional rooms that can be repurposed or renovated according to future needs. The well-appointed kitchen/canteen area at the back enhances functionality. Outside, a covered courtyard allows for storage options and leads to gender-specific restroom facilities. The enclosed garden provides privacy, while access through a charming arched doorway opens into the self-contained flats. The ground-floor flat features practical living spaces, whereas the first-floor flat showcases beautiful exposed beams that highlight its historical significance. Overall, this unique property offers a substantial amount of space and numerous possibilities for redevelopment or refurbishment in a desirable village locale, inviting creative vision from future owners.

Investment Analysis

(EX39 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -13.9%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on EX39 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

The Square, Northam, Bideford
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 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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