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Parracombe, Barnstaple, Devon, EX31

South West

£725,000
Listed on 30/03/2026

Property Details

Bedrooms
5
Type
Equestrian Facility
Area
2207 sqft

Description

Nestled within the scenic Exmoor National Park, this detached period residence presents a unique opportunity for those looking to invest in a project with considerable renovation potential. Set on approximately 2.8 acres in a tranquil area surrounded by untouched countryside, this home boasts character features such as exposed beams and inglenook fireplaces, creating a foundation for significant reconfiguration and enhancement to meet contemporary living standards. The property currently features three reception rooms and four to five bedrooms along with three bathrooms, which could be adapted or expanded upon to maximize functionality. There is also potential for creating a self-contained annexe within the existing structure, pending necessary permissions. A notable highlight is the array of traditional outbuildings, including a stone barn with attached stores and garage spaces, offering versatile opportunities for conversion into additional living spaces, holiday lets, or creative workspaces under planning approval. With its west-facing gardens that include a serene stream and pond alongside pasture paddocks, this property not only offers seclusion but also abundant outdoor space ideal for recreational purposes or equestrian activities. Within easy reach of local amenities and renowned North Devon surf beaches, this home has the makings of a remarkable country abode after renovations are completed. The absence of an onward chain further facilitates a smoother transaction process for prospective buyers.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +2.6% above area average per sq ft

+2.6%
This Property
£329/sq ft
Area Average
£320/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£777,471
10% above area average per sq ft
Potential ROI
-11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.0%
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

Parracombe, Barnstaple, Devon, EX31
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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
£2,615
Based on a loan of £543,750 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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