Bideford, Devon · EX39
Lower Gunstone, Bideford
Lower Gunstone, Bideford, Devon, EX39
Asking price
Located in the heart of town, just a short stroll from all amenities, this charming stone-fronted Grade II listed property offers an exceptional investment opportunity. Expertly converted 30 years ago, the building now houses 3 self-contained flats and a separate 2 Bedroom cottage, each offering significant rental potential.
Spanning 3 floors, the property is accessed via a Communal Hallway, featuring a spiral staircase. On the Ground Floor, you'll find a well-appointed 1 Bedroom flat. The first and second floors each host identical 2 Bedroom flats, with the top floor flat benefiting from additional roof lights and both enjoying partial river views.
Within the Communal Hallway, there is a secure storage area, currently used for bicycle storage, adding to the appeal for tenants. The flats are accessed by a covered walkway that leads to the rear of the building, where you'll discover the adjoining 2 Bedroom cottage. This cottage, which boasts a private courtyard, is currently…
The home, in the agent’s words
- AN EXCEPTIONAL INVESTMENT OPPORTUNITY
- 1 x 1 Bedroom Ground Floor flat
- 1 x 2 Bedroom First Floor flat
- 1 x 2 Bedroom Second Floor flat
- 2 Bedroom cottage with private courtyard
- Located in the heart of town, just a short stroll from all amenities
- Communal Hallway with secure storage area
- Long-term tenants in place (except for cottage which is currently vacant)
- Realistically priced to attract an early sale
- This property represents a superb investment with immediate income & potential for growth
Read the full agent description
Located in the heart of town, just a short stroll from all amenities, this charming stone-fronted Grade II listed property offers an exceptional investment opportunity. Expertly converted 30 years ago, the building now houses 3 self-contained flats and a separate 2 Bedroom cottage, each offering significant rental potential.
Spanning 3 floors, the property is accessed via a Communal Hallway, featuring a spiral staircase. On the Ground Floor, you'll find a well-appointed 1 Bedroom flat. The first and second floors each host identical 2 Bedroom flats, with the top floor flat benefiting from additional roof lights and both enjoying partial river views.
Within the Communal Hallway, there is a secure storage area, currently used for bicycle storage, adding to the appeal for tenants. The flats are accessed by a covered walkway that leads to the rear of the building, where you'll discover the adjoining 2 Bedroom cottage. This cottage, which boasts a private courtyard, is currently vacant and offers an excellent opportunity for refurbishment to further increase its rental value.
The flats have a proven track record of successful letting, with long-term tenants in place, generating a current annual rental income of approximately £22,500. However, there is significant potential to increase this figure in line with current market rates, particularly after modernising the vacant cottage.
Realistically priced to attract an early sale, this property represents a superb investment with immediate income and potential for growth. Don’t miss out on this unique opportunity to enhance your property portfolio in a highly desirable location.
A feel for the area
Connected for everyday life
44%of homes in the postcode can access 100+ Mbps broadband.
Available speed bands
- 30+ Mbps
- 100%
- 100+ Mbps
- 44%
- 300+ Mbps
- 44%
- 1,000+ Mbps
- 44%
Getting about
7.3 milesto Barnstaple Rail Station
Approximate straight-line distance · DfT NaPTAN · 13 Sept 2026Background air quality
- Fine particles · PM₂.₅
- 4.8 µg/m³ · Meets the WHO guideline
- Nitrogen dioxide · NO₂
- 3.9 µg/m³ · Meets the WHO guideline
Annual background levels. For scale: the WHO 2021 guideline is 5 µg/m³ for PM₂.₅ and 10 for NO₂; the UK legal limit is 20 and 40. Lower is better; this is a 1 km model, not a reading at the door.
Defra · 2024 annual model · 1 km areaLocal information is approximate. Distances are straight-line estimates from the available location. Broadband describes postcode coverage, not the speed or service available at this home; check the address with a provider. Air quality is a modelled annual background estimate.
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The information provided in this listing is for general information purposes only and does not constitute property particulars. We make no warranties or guarantees, express or implied, regarding the accuracy, completeness, or availability of the information.
Property details are provided by the listing agent, developer, or other third parties, and we have no control over the content provided. Prospective buyers or tenants should make their own enquiries and verify all information directly with the agent or relevant party.
Information relating to Energy Performance Certificates, Home Reports, or other statutory documents should be obtained directly from the selling agent or developer where applicable.