7 Bed HMO, Barnstaple, EX32 8BN, £349,950

23 Hills View, Barnstaple, EX32 8BN - 6 months ago

HMO
ROI: 2%
~271 m²
+10 photos

ValuationUndervalued

Sold Prices£140.5K - £820K
Sold Prices/m²£1.2K/m² - £5.1K/m²

 

 

Square Metres

~270.60 m²
Price/m²£1.3K/m²

Value Estimate

£437,438
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,488

Stamp Duty & Legal Fees

£23,695

Total Cash In

£111,183

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£2,625

Running Costs/mo

£2,395

Cashflow/mo

£230

Cashflow/yr

£2,755

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £140.5K to £820K, average is £320K. £1.2K/m² to £5.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£327.5K06/230.04 mi18, Hills View, Barnstaple, Devon EX32 8BN4
£270K09/210.04 mi11, Fort Street, Barnstaple, Devon EX32 8BJ4
£140.5K12/200.13 mi15, Pulchrass Street, Barnstaple, Devon EX32 8JS4
£230K03/210.16 mi6, Ashleigh Road, Barnstaple, Devon EX32 8JX4
£190K02/210.16 mi18, Summerland Street, Barnstaple, Devon EX32 8JH4
£235K12/220.17 mi22, Grosvenor Street, Barnstaple, Devon EX32 7DT4
£370K12/220.2 miRastrick House, Barbican Road, Barnstaple, Devon EX32 9HW4
£425K06/210.28 miThe Old School House, Derby Road, Barnstaple, Devon EX32 7HB4
£237K11/220.28 mi48, Vicarage Street, Barnstaple, Devon EX32 7BT4
£225K09/210.39 mi30, Gloster Road, Barnstaple, Devon EX32 9JR4
£195K03/210.39 mi34, Gloster Road, Barnstaple, Devon EX32 9JR4
£367K06/210.41 miRiver View, 2, Grieg Drive, Barnstaple, Devon EX32 8AG4
£210K02/210.45 mi68, Gloster Road, Barnstaple, Devon EX32 9JS4
£265K07/230.5 mi17, Warwick Terrace, Barnstaple, Devon EX32 7AR4
£252K09/210.5 mi29, Cater Road, Barnstaple, Devon EX32 9JU4
£820K04/230.53 miParkside, 37, Park Lane, Barnstaple, Devon EX32 9AJ4
£225K04/210.54 mi23a, Silverwood Heights, Barnstaple, Devon EX32 7RJ4
£236K12/200.54 mi27, Silverwood Heights, Barnstaple, Devon EX32 7RJ4
£256.5K06/210.55 mi66, Pilton Lawn, Barnstaple, Devon EX31 4AB4
£245K03/230.56 mi22, Newport Road, Barnstaple, Devon EX32 9BG4
£270K06/230.57 mi6, Crow View, Barnstaple, Devon EX32 7JW4
£305K02/210.63 mi2, Elgar Close, Barnstaple, Devon EX32 8AA4
£475K12/200.64 miLe Pesage, Raleigh Road, Barnstaple, Devon EX31 4HY4
£412.5K07/210.65 mi3, Cot Manor, Barnstaple, Devon EX32 9BL4
£205K05/210.65 mi51, Newport Road, Barnstaple, Devon EX32 9LQ4
£425K10/220.66 mi86, Pilton Street, Barnstaple, Devon EX31 1PQ4
£384K12/200.67 mi39, Pilton Street, Barnstaple, Devon EX31 1PJ4
£350K10/220.68 mi22, Maer Top Way, Barnstaple, Devon EX31 1RZ4
£300K05/210.69 mi2, South Street, Barnstaple, Devon EX32 9DT4
£302K02/210.76 mi4, Priory Close, Barnstaple, Devon EX31 1QX4
£340K12/200.77 miRivendell, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BE4
£250K01/210.78 mi2, Barton Drive, Barnstaple, Devon EX32 7SH4
£415K11/200.78 miThe Haven, Littabourne, Barnstaple, Devon EX31 1PX4
£322.5K02/210.78 mi16, Highbury Road, Barnstaple, Devon EX32 9BY4
£580K10/220.81 mi18, Burlington Grove, Barnstaple, Devon EX32 9BU4
£620K09/210.85 miSouth Bank, Under Minnow Road, Barnstaple, Devon EX31 1QU4
£399.5K12/200.87 mi2, Chichester Crescent, Barnstaple, Devon EX32 9JH4
£470K11/200.87 mi10, Hillcrest Road, Barnstaple, Devon EX32 9EP4
£395K06/210.87 miArdan, High Wall, Sticklepath, Barnstaple, Devon EX31 2DP4
£347.5K11/200.88 mi45, Northfield Lane, Barnstaple, Devon EX31 1QE4
£317.5K07/210.9 mi9, Convent Close, Barnstaple, Devon EX32 9DR4
£307K01/210.92 mi13, Coppice Gate, Barnstaple, Devon EX32 9PD4
£329.9K11/200.92 mi19, Coppice Gate, Barnstaple, Devon EX32 9PD4
£395K03/210.93 mi8, Pill Lane, Barnstaple, Devon EX32 9EG4
£535K06/210.96 mi5, Woodford Gardens, Barnstaple, Devon EX32 9LT4
£540K05/210.96 mi16, Woodford Gardens, Barnstaple, Devon EX32 9LT4
£250K03/210.98 mi13, Crosspark Close, Barnstaple, Devon EX31 4AN4
£425K11/220.98 mi42, Fairacre Avenue, Barnstaple, Devon EX32 9DF4
£325K01/210.99 mi20, Fairacre Avenue, Barnstaple, Devon EX32 9DF4
£240.5K02/211 mi25, Windsor Road, Barnstaple, Devon EX31 4AG4

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.37 miles away

Nearest school

0.70 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £349,950

December 26, 2024

Listed for £365,000

September 24, 2024

Floor Plans

Description

  • Large Impressive Victorian Home +
  • Potential Large HMO / Flat Conversion STC +
  • Rear Courtyard and Offroad Parking +
  • Vast Internal Area with Flexible Layout +
  • External Laundry Room / Store +
  • Central to Barnstaple Town +
  • Multi Generational Family Living +

An impressive and spacious Victorian townhouse, perfect for a large family or multi-generational living. With potential to be split into multiple dwellings (subject to planning consent), this versatile property offers substantial accommodation across four floors.

Description - This impressive, imposing home boasts classic Victorian charm, including painted Marland brick elevations, decorative coving, and fireplaces, while offering modern conveniences like UPVC double-glazed windows and a slate roof.

The ground floor features an inviting entrance hall leading to a bright sitting room with a bay window and period features, along with a stylish kitchen/diner equipped with modern appliances. Two bedrooms and a shower room complete this level. On the first floor, there is a large double bedroom, a second kitchen/diner, another sitting room, and a shower room, offering potential for independent living. The second floor includes four spacious bedrooms, two of which are intercommunicating.

The lower ground floor, accessed via the rear courtyard, offers excellent storage and utility space with further potential for development. Externally, the property benefits from a small courtyard at the front and a gated rear courtyard garden with off-street parking.

This home could be perfect for a multi-generational or large family. With two separate service supplies, the property offers the flexibility to create self-contained living spaces, particularly on the ground floor, which is ideal for elderly relatives. The ground floor already features two bedrooms, a kitchen/diner, a sitting room, and a shower room, offering independent living with easy access. Meanwhile, the upper floors provide ample space for the rest of the family, ensuring privacy and comfort for all generations under one roof. The versatile layout makes it easy to adapt the home to suit various family needs.

This impressive Victorian townhouse also has excellent potential to be converted into a large 8-bedroom HMO, offering a lucrative investment opportunity. With four spacious floors, the property could easily be adapted to provide self-contained rooms, each with access to shared kitchens, bathrooms, and living areas. The current layout already includes multiple bedrooms, two kitchens, and several reception rooms, which could be repurposed as additional bedrooms or communal spaces. The lower ground floor, currently used for storage, could be transformed into further living accommodation or communal utility areas. With a gated courtyard at the rear offering off-street parking, this property is well-suited for tenants.

Located in a prime position, this exceptional home is ideal for those seeking space, character, and the opportunity to create a unique multi-generational residence or convert it into separate units. Don’t miss out on this rare opportunity!

Ground Floor - Entrance lobby with an internal door leading to a hallway and another lobby. There are doors to an inner hall with stairs to the first floor. Under the stairs is a cupboard with gas and electric supplies for the upper floors. The sitting room has a bay window at the front, a fireplace, decorative coving, and a central ceiling rose. The kitchen/dining room has matching wall and base units with a high gloss finish, roll-top work surfaces, a stainless steel sink with mixer taps, a tiled splashback, a built-in electric fan oven, a four-burner gas hob, and a stainless steel extractor hood. There’s also a gas fire and a door to the inner lobby, which leads to a side door opening to the rear courtyard garden. There are two bedrooms, one on the side and one at the back. The shower room has a frosted window at the back, a tiled shower, a dual-flush toilet, and a pedestal sink with mixer taps.

Sitting Room - 5.03 x 3.81 (16'6" x 12'5") -

Kitchen - 5.38 x 3.45 (17'7" x 11'3") -

Bedroom 1 - 4.55 x 3.94 (14'11" x 12'11") -

Bedroom 7 - 3.30 x 2.46 (10'9" x 8'0") -

Shower Room -

First Floor - Half landing with a stained glass window on the side. A double bedroom with dual aspect windows, a fireplace, and a hand wash basin. The shower room has a frosted side window, tiled floor and walls, a pedestal sink with mixer taps, and a dual-flush toilet. The kitchen/dining room has a rear window with a view of the town, vinyl flooring with a tiled effect, shaker-style wall and base units, roll-top work surfaces, a 1½ sink with mixer taps, a cupboard with the boiler, a built-in electric fan oven, a hob with an extractor, space for a freestanding fridge freezer, and a larder cupboard. The sitting room has windows to the front and side, with stairs leading to the second floor.

Sitting Room - 5.08 x 3.38 (16'7" x 11'1") -

Kitchen - 4.04 x 3.51 (13'3" x 11'6") -

Bedroom 3 - 4.17 x 4.04 (13'8" x 13'3") -

Shower Room -

Second Floor - Skylight. Four large bedrooms, with two of them connected to each other.

Bedroom 4 - 4.04 x 3.48 (13'3" x 11'5") -

Bedroom 5 - 3.73 x 3.43 (12'2" x 11'3") -

Bedroom 6 - 3.66 x 3.43 (12'0" x 11'3") -

Bedroom 2 - 4.27 x 3.66 (14'0" x 12'0") -

Cellar/Outbuilding - The basement level is currently used for laundry, storage and utility space, with an outdoor WC and additional basement rooms.

Laundry Room - 2.74 x 2.13 (8'11" x 6'11") -

Store - 4.27 x 2.74 (14'0" x 8'11") -

Store - 4.27 x 2.44 (14'0" x 8'0") -

Cellar - 2.44 x 2.13 (8'0" x 6'11") -

Outside - At the front of the property, there is a small courtyard area leading to the front door. At the rear, there is an enclosed courtyard with gated access for off-street parking.

Services - Freehold
Mains services for gas, electric and water. 2 Supplies for the house.
Council Tax Band - C
EPC - D
Parking - Offroad plus onroad parking permits available

Agent Details

Collyers, Barnstaple

01271 443709

Next Steps?

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