Red Gables, a notable residence built around 1946, presents a unique investment opportunity with its generous space of over 3,051 sq ft. Currently configured as two distinct living units, each with private entrances, this property is ideal for those looking to invest in a home that can be tailored to personal needs or utilized for dual occupancy. With six bedrooms in total, the layout is perfect for families seeking extra room or those desiring flexible living arrangements.
This property has not been on the market for 38 years and offers exceptional potential for transformation into a bespoke family home. The elevated position on Lakenham Hill provides stunning 180-degree views across the North Devon coastline, making it an exceptional backdrop for everyday living and entertaining.
The interior boasts several adaptable spaces: a snug area at the front can serve multiple purposes—from guest bedroom to home office—while the main living rooms provide light-filled venues for relaxation. The spacious sitting/dining area features French doors leading to a raised deck where scenic vistas can be enjoyed. The kitchen is functional but could benefit from modernisation; it includes ample storage and integrated appliances but is ready for updates to enhance its appeal.
Upstairs, three double bedrooms with breathtaking views offer ample sleeping space, and there’s further potential in reconfiguring the principal suite into a dressing room if desired. The adjoining unit mirrors many of these beneficial attributes, including panoramic views from its kitchen/dining area and additional flexible loft space.
Outside, the grounds feature various levels of decking and patios designed for outdoor enjoyment but could be reimagined into extensive garden areas to elevate leisure time. Overall, Red Gables stands out as a property ripe with potential waiting for an ambitious buyer ready to infuse their vision into this versatile home.
