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The Quay, Ilfracombe, Devon EX34 - Image 1
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The Quay, Ilfracombe, Devon EX34

South West

£325,000
Listed on 10/12/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This expansive four-storey terraced property is prominently located within a lively area filled with shops, eateries, and bars, all leading to Ilfracombe's picturesque pier and harbour. The building boasts remarkable views over the inner harbour and the stunning coastline that stretches across the Bristol Channel toward Wales. While the exterior of the property has been well-preserved, offering a solid base for further enhancements, the interior currently presents as a blank canvas, characterized by bare stone walls and existing studwork frames. This condition provides an exciting opportunity for prospective owners to customize and maximize the space according to their vision, subject to local planning permissions. Essential mains services are readily available, enhancing its redevelopment potential. At the rear, a generous courtyard garden complements two stone-built storage structures—one single-storey and another two-storey—offering additional storage options or further development opportunities. Historically utilized as a commercial unit with residential space above, this property retains possibilities for mixed-use or alternative configurations that cater to current market demands. Interested buyers should consult with North Devon District Council regarding potential changes in use or new developments prior to proceeding. Situated adjacent to Ilfracombe's harbour in one of its most desirable locales, this property is surrounded by a diverse array of restaurants, cafés, galleries, and boutiques. Notable local attractions include Damien Hirst’s renowned ‘Verity’ statue on Ilfracombe pier and various scenic beaches like Tunnels Beach. The area benefits from a vibrant atmosphere during peak seasons due to its popularity among tourists. Additionally, essential amenities including independent stores and major supermarkets are conveniently nearby. Local schools cater to families of all ages, establishing Ilfracombe as a desirable location for living. North Devon’s idyllic coastline and countryside are just short drives away, featuring renowned surfing beaches like Woolacombe and Croyde as well as Exmoor National Park's breathtaking landscapes. Barnstaple lies approximately 12 miles away offering further retail options and transport links including connections directly to London via rail. This unique opportunity presents itself as both an investment project in a prime waterfront locale with immense renovation potential—whether revitalizing it into commercial/residential spaces or exploring other possible uses. Given its current state, prospective purchasers should be aware that it may not qualify for traditional mortgage financing; thus cash buyers are preferred. A thorough internal inspection is highly recommended to fully grasp the scale of potential this property holds.

Investment Analysis

(EX34 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX34)

Area prices are falling by +4.6% over the last 12 months
3 year growth: -11.9%
5 year growth: 6.3%
Investment Disclaimer: Analysis based on EX34 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 Quay, Ilfracombe, Devon EX34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE