25/08/2026
NEW TO MARKET | Barnstaple, North Devon, EX32
We’ve been given the opportunity to bring two multi-unit residential blocks to market in Barnstaple, both offering strong day-one income alongside a significant discount to estimated break-up value.
BLOCK 1 | £675,000
• 5 self-contained apartments
• 4 x one-bedroom, 1 x two-bedroom
• £52,440 annual rental income
• 7.8% gross yield
• Estimated break-up value of £850,000–£900,000
• Approx. 25% discount to indicated break-up value
• Flats understood to be on separate leasehold titles
BLOCK 2 | £525,000
• 4 self-contained apartments
• 3 x one-bedroom, 1 x two-bedroom
• £42,900 annual rental income
• 8.2% gross yield
• Estimated break-up value of £690,000–£710,000
• Approx. 25% discount to break-up value
• Separate leasehold titles already in place
Both blocks offer immediate rental income with the added flexibility of a potential future unit-by-unit exit strategy.
Available individually, with a combined asking price of £1.2m for both opportunities.
To arrange a viewing or request the full details, get in touch with the BlockLand team.