An ‘absolutely stunning’ four-bedroom home has hit the market for less than the price of a London flat – after it was converted from a subterranean Victorian reservoir.

The unique property in Barnstaple, Devon, is being auctioned with a guide price of between £400k and £450k.

It boasts large arched brick ceilings over a reception hall as well as a kitchen, a sitting room, a utility room and three bathrooms.

There is also ample outdoor space, with over half an acre of countryside, two garages and a Mediterranean-style brick-floored courtyard. 

Images show the traditional red-brick Victorian aesthetic complementing a modern interior.

The property’s walls have retained their signature arched shape, decorated with lamps that hang from the brick ceiling.

Perhaps the most striking feature of the home is not what lies inside, but what is on the outside – as anyone who approaches is met with a view of the house’s arches embedded under the lawn.

The new owners would have the option of actually walking over the roof of their home on a patch of grass – offering stunning views of Barnstaple and their own patio beneath.

An ‘absolutely stunning’ four-bedroom home has hit the market for less than the price of a London flat

Perhaps the most striking feature of the home is not what lies inside – as anyone who approaches is met with a view of the house’s five arches embedded under the lawn

Striking images show the traditional red-brick Victorian aesthetic complementing a modern interior

It boasts large arched brick ceilings over a reception hall as well as a kitchen, a sitting room, a utility room and three bathrooms

Tall, wide panelled windows are a common feature of the property. A traditional Roman numeral style clock is seen hanging above one of them here

The property’s walls have retained their signature arched shape, decorated with lamps that hang from the brick ceiling

One of the bedrooms is pictured showing how the property incorporates the unique arches throughout the building

Describing the property, auctioneers Jackson-Stops called it an ‘absolutely stunning and characterful four bedroomed conversion of a Victorian reservoir’

According to Moneyweek, the average sold price for a flat or maisonette in London as of February was £420,635 – meaning the converted reservoir is being offered for a lower cost

The home is for sale by public auction and via Livestream on June 18 at 2pm at Digby Hall in Sherborne, Dorset.

Describing the property, auctioneers Jackson-Stops said: ‘An absolutely stunning and characterful four bedroomed conversion of a Victorian reservoir.

‘A simply astounding and versatile detached three/four bedroomed home in over half an acre with a glorious outlook and views over the townscape to the River Taw.’

According to Moneyweek, the average sold price for a flat or maisonette in London as of February was £420,635 – meaning the converted reservoir is being offered at a lower cost.

Barnstaple is the largest town in North Devon, located at the River Taw’s lowest crossing point before the Bristol Channel.

Its early medieval layout still appears from the street plan and street names, with most of the town lying on the east bank of the estuary.