2-bedroom flat · EX34 0LZ
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Victoria Apartments form a select development of just seven high quality homes, approached through electrically operated wrought iron gates that create a strong sense of privacy and security on arrival.
A security intercom system serves each apartment and can also be linked directly to a home or mobile phone, offering additional everyday convenience.
Apartment 3 occupies the first floor and provides well planned accommodation centred around a spacious open plan kitchen and living area.
This social and practical layout brings the main living spaces together, making it well suited to relaxed day to day living as well as entertaining.
A Juliet balcony adds further interest to the living space and helps create a connection with the outside.
There are two double bedrooms, offering flexibility for buyers who may require guest accommodation or a dedicated space for home working. A bathroom completes the main accommodation.
The apartment also benefits from gas central heating supplied by an efficient condensing boiler and UPVC double glazed windows.
Further details include down lighters, remote control Velux windows and a wine chiller, all contributing to the modern specification.
Outside, the development provides a generous communal parking area. Apartment 3 has its own allocated parking space, while a further four visitor spaces provide useful additional parking for guests.
Agents note:The property is held on a 999 year lease from 1 January 2011. The freehold is vested within the management compan.
The annual service charge is £50 and each apartment contributes towards the buildings insurance which is £271.90pa.
There are no restrictions on short or long term letting and pets are allowed within the building.
One allocated parking space is included, together with use of designated visitor parking subject to the lease terms.
From our Ilfracombe office, with the premises on your right hand side, continue out of the town through Hele Bay in the direction of Combe Martin.
On entering the village, pass the beach and continue along Combe Martin High Street, which becomes Victoria Street. On reaching the Premier Inn Garage, take the right turn immediately before it.
Victoria Apartments will then be found on the right hand side, clearly identified by a name plaque.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3 Victoria Apartments,, Victoria Street, Ilfracombe
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