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See how verdicts work2-bedroom flat · EX34 9DF
Sold STCListed 550 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This third-floor flat presents a fantastic opportunity for investors or first-time buyers looking to step onto the property ladder.
The home features a spacious open-plan living area, two double bedrooms, and a well-sized bathroom, offering a solid foundation for comfortable living.
The rear boasts rather impressive sea views that add a desirable touch to this well-located property.
While the flat would benefit from general modernisation, it holds great potential to add value and personalise to your taste.
Ilfracombe town offers a variety of independent shops, art galleries, restaurants and bars.
The picturesque seafront and harbour area is home to artist Damien Hirst's ‘Verity’ statue at the harbour entrance.
In addition, is the exciting new water sports centre and café making the harbour a hive of activity.
North Devon has a wealth of simply stunning golden sand beaches and has long been a mecca for British surfers.
The area has recently been declared a ‘world surfing reserve’, one of just 12 places on the planet along with Australia’s Golden Coast and Malibu in California.
Open Plan Living Area (5.30 x 4.06 (17'4" x 13'3")) This generously sized open-plan living space offers a comfortable lounge and dining area with ample room for free-standing furniture.
Dual-aspect secondary glazed sash windows flood the room with natural light, while a charming feature fireplace, wall-mounted gas radiator and newly fitted carpets throughout create a warm and inviting atmosphere.
The adjoining kitchen is both practical and stylish, featuring matching wall and floor units, a circular dual sink, electric four-ring hob with fan oven below, and space for a fridge and freezer.
A single glazed window and wood laminate flooring complete this well-appointed space, ideal for modern living. This room also provides an intercom system to allow people into the property.
Hallway (5.12 x 0.92 (16'9" x 3'0")) This long, inviting hallway has been newly carpeted throughout, offering a fresh and comfortable feel.
It features a handy built-in storage cupboard for added practicality and a wall-mounted gas radiator, ensuring warmth throughout the space.
Bedroom One (4.47 x 2.34 (14'7" x 7'8")) This spacious double bedroom offers a peaceful retreat with ample space for free-standing furniture.
A secondary glazed sash window frames exceptional sea views, creating a stunning focal point.
The room also features a wall-mounted gas radiator for year-round comfort and has been newly carpeted throughout, adding a fresh and cosy finish.
Bedroom Two (3.73 x 2.20 (12'2" x 7'2")) This well-proportioned double bedroom provides plenty of space for free-standing bedroom furniture, making it both versatile and comfortable.
A secondary glazed sash window showcases amazing coastal views, while a built-in wardrobe offers convenient storage.
The room is completed with a wall-mounted gas radiator and is carpeted throughout, ensuring a warm and inviting atmosphere.
Bathroom (2.18 x 1.57 (7'1" x 5'1")) This well-presented bathroom offers a clean and functional layout, featuring a toilet, sink basin, and a bath with wall-mounted shower head for added convenience.
A single glazed window allows natural light to brighten the space, while a wall-mounted storage cupboard with mirrored frontage provides practical storage.
The room also includes a wall-mounted gas radiator for comfort and has been newly carpeted throughout, adding a warm and homely touch.
Agent Notes There is an additional storage cupboard in the communal area that is perfect for bikes, surfboards and other outdoor equipment or additional storage.
This property has a 999 year lease with 970 years remaining. There is a £50 annual ground rent and £290 annual service charge that paid every six months.
We have been informed by the vendor that the gas, electric, water and drainage are all mains connected.
To comply with the property mis-descriptions act we must inform all prospective purchasers that the measurements are taken by an electronic tape measure and are provided as a guide only.
We have not tested any mains services, gas or electric appliances or fixtures and fittings mentioned in these details, therefore, prospective purchasers should satisfy themselves before committing to purchase.
Directions From our office this property is a short walk away. Follow the High Street for approximately 266ft and then turn left under the arch way just before the ladbrokes shop.
Follow down this road and then turn right and right again at Crinkley Cottage where the property will be ahead of you.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About Flat 3, 5, High Street, Ilfracombe
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