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Marhamchurch, Bude, Devon, EX23

South West

£1,600,000
Listed on 13/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2852 sqft

Description

This sizable modern farmhouse, complemented by a separate first-floor flat, presents a unique opportunity for renovation and potential investment. Set on approximately 57 acres of land, the property is located not far from the North Cornish coast, making it an attractive option for those looking to develop or enhance their living space in a desirable area. The farmhouse itself features six bedrooms, with four generously sized double rooms and one ensuite. The traditional two-storey layout includes two reception rooms, a family bathroom, and a kitchen/breakfast area that opens to the garden. While the property benefits from double glazing and LPG central heating, it is in need of modernisation, allowing new owners to tailor renovations to their taste and requirements. Accessing the home via a side parking area leads you through a path to the welcoming entrance. Inside, the ground floor offers various spaces including a sitting room characterized by its double aspect windows and an inviting fireplace. The kitchen is equipped with essential units and provides ample room for updating with contemporary appliances—an ideal opportunity for those who relish cooking or entertaining. The first floor hosts four double bedrooms that offer pleasing views over the surrounding gardens and farmland, alongside additional storage options. This multi-bedroom configuration makes both family living and rental prospects appealing. Surrounding the farmhouse are extensive gardens featuring level lawns that could easily be transformed into bespoke outdoor spaces. A concrete driveway leads to multiple adaptable farm buildings nearby; these structures hold significant potential for repurposing or expanding upon existing uses. Each building could serve varied purposes—be it workshops, storage facilities, or even additional residential units—subject to securing planning consent. The land itself encompasses mainly grassed areas divided into manageable enclosures with natural boundaries. With water troughs installed throughout and access via established routes from adjacent roads or lanes, this land presents excellent agricultural possibilities as well. Adjacent woodland provides added privacy and potential landscape development opportunities while offering habitats for wildlife. Additionally, there’s an overgrown former sand school on site which could be rehabilitated to suit equestrian interests or recreational use. In summary, this property is primed for investment with its combination of spacious accommodation, versatile outbuildings, expansive grounds, and prime location near the North Cornish coast—all elements that could yield considerable returns on future developments while retaining charm in its rural setting.

Investment Analysis

(EX23 area)

Above Market Value

This property is priced +59.9% above area average per sq ft

+59.9%
This Property
£561/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,100,843
10% above area average per sq ft
Potential ROI
-37.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.0%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on EX23 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

Marhamchurch, Bude, Devon, EX23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,861
Based on a loan of £1,200,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE