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If it's that one you might get some run down the hill I guess, but looks a little way above the river. A Boscastle/Lynmouth type event? Personally wouldn't be worried, but it's not my money. Really lovely place, though what's going on with that lounge behind the shop front. Rank carpet?
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This is the place -
https://www.zoopla.co.uk/for-sale/details/59820261
The bottom of the garden runs alongside the river, but the house is higher (about 10 feet above at a guess).