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Yarnscombe, Barnstaple, Devon, EX31

South West

£360,000

Listed on 02/10/2026

The listing

Property details

Bedrooms
5
Type
Detached

Description

This substantial detached five-bedroom period farmhouse offers a unique opportunity for renovation and investment. South Down Farmhouse, dating back to the 1750s, features spacious and versatile accommodation, making it ideal for those looking to create a family home tailored to their specifications. The property requires a comprehensive updating and modernisation programme throughout, providing a blank canvas for buyers to enhance its character and charm. The generous living spaces include two separate reception rooms with exposed beams, a utility room, and a shower room, all of which present opportunities for redesign and refurbishment. The first floor comprises five well-proportioned bedrooms, some retaining original features such as wooden floorboards, with several benefiting from fitted storage. The principal bedroom includes an en suite shower room, while additional bathrooms also require modernisation. Outside, the property boasts ample off-road parking for four to five vehicles and extensive gardens that are currently overgrown but offer significant potential for landscaping and outdoor living. Additionally, the property includes two separate holiday cottages, Primrose Cottage and Honeysuckle Cottage, which also require updating but could provide supplementary income as holiday lets. Situated in a semi-rural location between Barnstaple and Great Torrington, South Down Farmhouse is available with no onward chain, making it an exciting project for prospective purchasers seeking a character property with considerable potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

46out of 100
Grade ELow opportunity

Confidence: LOW

South Down Farmhouse presents an exciting opportunity for those looking to take on a substantial renovation project. This five-bedroom period farmhouse, dating back to the 1750s, offers a generous layout and character features that can be enhanced to create a stunning family home. The property also includes two separate holiday cottages, adding potential for additional income.

However, the asking price of £360,000 does not allow for a direct comparison to local £/sqf due to missing floor area information. While the property requires extensive renovation throughout, including updates to the living areas, bedrooms, kitchen, and bathrooms, the spacious rooms and charming period details provide a solid foundation for transformation. The garden is currently overgrown and will need landscaping, but it offers ample outdoor space to develop further.

This project is ideal for buyers who can envision the potential in a comprehensive refurbishment, turning a dated property into a modern family residence in a picturesque semi-rural setting.

Key opportunities

  • Transform generous living spaces and retain charming period features to create a unique family home.
  • Utilize the two separate holiday cottages for additional rental income.
  • Landscaping the overgrown garden to enhance outdoor living space.

Key risks

  • Extensive renovation needed across the entire property, with a £100,000–£250,000 works budget required for a full-gut programme.

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Map

Location

Yarnscombe, Barnstaple, Devon, EX31
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,360
Based on a loan of £270,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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