Summary - 66 MEDDON STREET BIDEFORD EX39 2EQ
5 bed 1 bath House of Multiple Occupation
Five-bed Victorian HMO with tenants in situ — renovation potential and immediate income.
5-bedroom HMO producing £28,800 gross pa with tenants in situ
Freehold Victorian end-of-terrace with period features and conversion potential
Total area ~1,496 sq ft; small rear/front plot, elevated street position
Off-street parking and excellent mobile/fast broadband connectivity
Only one bathroom for five bedrooms — likely needs additional facilities
Signs of damp and clutter; property requires refurbishment and redecorating
Located in very deprived area with high local crime — affects tenant profile
Suitable for investor/developer; budget for remedial works and management
A five-bedroom end-of-terrace Victorian property in Bideford currently operating as a House in Multiple Occupation (HMO), offered freehold with tenants in situ. The property produces a headline gross income of £28,800 pa and benefits from off-street parking, good transport links and fast broadband—features that support steady rental demand.
The building retains period character (bay window, high ceilings in parts) and provides clear renovation upside: redecoration, remedial damp treatment and modernization of communal areas could increase rental yield and capital value. The property’s size (approximately 1,496 sq ft) and existing licence-style use make it suitable for investors seeking an established income stream with short-term vacant management risk reduced by tenants already in occupation.
Buyers should note material negatives plainly. The area scores high for crime and very high on deprivation indexes, which affects tenant profiles and may restrict future capital growth. Internal images and descriptions indicate clutter, dated decor, possible damp in parts and overall need for refurbishment; there is only one bathroom for five bedrooms, which limits immediate rent-up opportunities without works. The plot is small and the property is an end-of-terrace with shared walls.
This is a pragmatic investment for a hands-on investor or developer comfortable with renovation and lettings in higher-need areas. The current income and HMO use reduce initial void risk, but prospective buyers should budget for remedial repairs, modernisation and ongoing management costs to realise uplift in value and rent.
6 bedroom detached house for sale in Moreton Park Road, Bideford, Devon, EX39 — £308,000 • 6 bed • 2 bath • 1502 ft²
7 bedroom mixed use property for sale in 80 High Street, Bideford, Devon, EX39 2AA, EX39 — £230,000 • 7 bed • 2 bath • 1496 ft²
5 bedroom semi-detached house for sale in Meddon Street, Bideford, EX39 — £150,000 • 5 bed • 2 bath • 1238 ft²
5 bedroom terraced house for sale in Lower Gunstone, Bideford, Devon, EX39 — £235,000 • 5 bed • 3 bath • 2070 ft²
2 bedroom terraced house for sale in Meddon Street, Bideford, Devon, EX39 — £140,000 • 2 bed • 1 bath • 527 ft²
3 bedroom end of terrace house for sale in North Road, Bideford, EX39 — £250,000 • 3 bed • 2 bath • 2089 ft²
