Fairfield, Ilfracombe, North Devon, EX34
South West
£265,000
Listed on 07/10/2026
Listed on 07/10/2026
The listing
Property details
Bedrooms
2Type
BungalowArea
1119 sqftFeatures
- Garage
- Garden
- Parking
Description
This two-bedroom detached bungalow in Fairfield has a wide plot with a level lawn, a detached garage and driveway parking. The accommodation includes a living room, kitchen and two bedrooms, with a staircase from the living space leading to an additional loft room described as suitable for use as a home office. The property has gas central heating and double glazing, and the listing notes that the interior would benefit from updating.
The garden and parking provide useful outdoor space, while the garage offers additional storage or vehicle accommodation. Ilfracombe town centre and local amenities are within reach, with an out-of-town supermarket nearby. The property offers scope for a purchaser to modernise the existing accommodation. Any further loft or extension work would require appropriate checks and approvals.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
66out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £265,000, this detached bungalow is priced well below the local average per square foot, making it an attractive acquisition point for a buyer looking to add value. The dated finishes across the living areas, bedrooms, kitchen and bathroom provide a clear scope to modernise and personalise, while the maintained level garden, detached garage and driveway give the project useful assets from day one.
The overall opportunity is promising rather than a guaranteed margin: even using the £40,000 renovation midpoint, the £305,000 purchase-plus-works figure is only 6.2% below the implied local average value, before fees or stamp duty. The loft room and potential for further extension add interest, though feasibility and approvals are unverified.
Key opportunities
- Modernise the dated kitchen, bathroom, finishes and flooring to create a more contemporary home.
- Make the most of the level, maintained garden, wide plot, detached garage and driveway parking.
- Explore the existing loft room and the stated potential for further extension, subject to feasibility and any required approvals.
Key risks
- The driveway surface is visibly cracked and may need attention.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,001
Based on a loan of £198,750 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.
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