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Elmfield, Bear Street, Barnstaple, Devon EX32 7DX - Image 1
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Elmfield, Bear Street, Barnstaple, Devon EX32 7DX - Image 7
Elmfield, Bear Street, Barnstaple, Devon EX32 7DX - Image 8

Elmfield, Bear Street, Barnstaple, Devon EX32 7DX

South West

£325,000Guide Price

Listed on 18/05/2026

Property details

Bedrooms
N/A
Type
Residential Development

Description

This property presents a significant investment opportunity with an approved planning application for substantial residential development. Situated in Barnstaple, the site currently houses a detached dwelling and comes with full planning permission to convert it into six self-contained units, alongside the construction of three additional three-bedroom homes. This generous plot offers a pathway to create a multi-unit residential complex, making it ideal for developers looking to capitalize on the growing demand for housing in the area. The auction is set for Wednesday 29th July 2026 at 11:00, providing potential buyers the chance to secure this promising property. Viewing sessions will be available prior to the auction, allowing interested parties to assess the site in person.

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Investment analysis

(EX32 area)
Area Average
£272/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
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
5%
Properties sold annually

Local Market Trend (EX32)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -1.9%
5 year growth: +5.9%
Investment Disclaimer: Analysis based on EX32 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

Elmfield, Bear Street, Barnstaple, Devon EX32 7DX
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,228
Based on a loan of £243,750 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-17.7% since listed
£325,000£70,000(-17.7%)
03/07/2026
Current price
£395,000Initial listing
18/05/2026

Next Steps

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