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The Strand, Lympstone

South West

£375,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
980 sqft

Description

Nestled along the picturesque waterfront of The Strand in Lympstone, this period cottage, formerly a fisherman's abode, offers a unique chance to invest in a residence steeped in coastal charm. The property features stunning views of the Exe Estuary and is set within a quaint communal courtyard that reflects the village's rich maritime history. While the recent completion of a new roof in March 2026 enhances its appeal, there remains significant potential for further modernization and personalisation throughout. The interior comprises two inviting reception areas—an attractive sitting room and dining space—both benefitting from traditional shuttered windows that frame delightful views. The kitchen is functional yet ripe for an upgrade to meet contemporary standards. With three well-sized bedrooms on the upper level, each boasting distinctive character and scenic outlooks, there's ample opportunity to enhance personal comfort. A sizable loft space presents further conversion potential, allowing for additional living quarters or even an expansive principal suite, pending necessary approvals. This property serves as both a charming home and an investment canvas with opportunities for renovation that could cater to those seeking a luxurious permanent residence or an elegant holiday retreat. Positioned within one of Devon's most desirable villages, it truly embodies the essence of coastal living while inviting enhancement to transform it into a dream home.

Investment Analysis

(EX8 area)

Above Market Value

This property is priced +7.2% above area average per sq ft

+7.2%
This Property
£383/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£384,792
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX8)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -4.2%
5 year growth: +9.6%
Investment Disclaimer: Analysis based on EX8 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 Strand, Lympstone
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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
£1,417
Based on a loan of £281,250 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

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