The Old Studio St. Brannocks Road, Ilfracombe Devon, Devon, EX34 8EG

Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.

The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.

Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £398,750 based on an average saving of 33%.

Market Value Price: £595,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.

The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.

For an indication of what you could save, please use our calculator on the Homewise website.

Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.

It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.

If you are not over 60 or would like to purchase the property at the full market value of £595,000, please contact the estate agent Webbers.

Property description A unique and versatile opportunity to acquire a well-presented property comprising a spacious three bedroom ?old studio?

Maisonette arranged over two floors, together with two further three bedroom two storey maisonettes above, both currently let and producing income.

The ground and lower accommodation forms the original studio maisonette, which benefits from its own private access and is currently occupied by the vendors.

This well-presented home offers generous and flexible living space including three bedrooms, a modern fitted kitchen, large living room / diner, shower room and family bathroom.

The property is presented in excellent order throughout and retains a number of charming character features, while offering a comfortable home that is ready to move straight into and enjoy.

A particular feature of the property is the substantial double garage/workshop and adjoining store, which provides excellent space for a variety of uses including storage, hobbies or workshop purposes.

Above the studio maisonette are two further three bedroom maisonettes, each with their own separate entrance from Station Road and arranged over two floors with identical layouts.

The ground floors comprise an entrance hall, kitchen and living room, whilst the upper floors provide three bedrooms and a family bathroom.

Both of these maisonettes are currently let on Assured Shorthold Tenancy agreements and the property is offered for sale with the tenants in situ, providing an immediate income stream.

Further details are available from the office. Further information regarding the tenancies and rental arrangements is available from our office.

Agents note: The property is being sold as a freehold block comprising three self-contained residential units, known as The Old Studio, 1 Station Road and 2 Station Road.

Each unit is held under a long lease of 999 years at a peppercorn ground rent granted by 1 & 2 Station Road Management Company.

The leases provide that each property contributes one third (33.33%) of the annual service charge expenditure, which covers the maintenance, repair and insurance of the building and common parts.

The vendors currently hold the leasehold interests in all three units and the freehold interest is included within the sale, giving the purchaser full control of the building and management arrangements.

Council Tax: The Old Studio: A 1 Station Road: B 2 Station Road: B EPC: The Old Studio: C 1 Station Road: D 2 Station Road D Services and Utilities: All mains? Services are connected.

Each unit is on separate water, gas, electricity and council tax.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.

All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.

All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.

Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.