3-bedroom flat · EX34 7DJ
For saleListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after seaside village of Woolacombe, overlooking Barricane Beach and enjoying easy access to the surrounding coastline, this well-presented three-bedroom apartment is offered to the market with no onward chain.
The property enjoys superb sea views across Woolacombe, Barricane Beach and the North Devon coastline, making it an ideal main residence or second home.
The accommodation is bright and well arranged throughout, with a dual-aspect open-plan lounge/diner forming the heart of the home.
Flooded with natural light, this inviting space opens directly onto the front-facing balcony, creating the perfect setting to relax, dine or simply enjoy the coastal outlook.
The semi open-plan kitchen is fitted with a range of wall and base units, with space for a cooker and plumbing and space for white goods.
Bedroom one is a particularly generous double bedroom, enjoying excellent natural light and ample room for freestanding furniture.
Bedroom two is also well proportioned, benefitting from a dual aspect and fitted double wardrobe.
Bedroom three is a compact single room, ideally suited as a home office, nursery or occasional guest room, while still offering space for freestanding furniture.
The bathroom is fitted with a modern three-piece suite comprising a large walk-in shower, WC, hand basin, heated towel radiator and full wall tiling.
Externally, the apartment benefits from its own outside space with room for a garden shed, together with the added advantage of an allocated parking space accessed via Rockfield Road.
The balcony provides space for outdoor furniture, offering a wonderful vantage point from which to take in the panoramic coastal views.
A further highlight of the location is the ability to walk down to Barricane Beach, a beautiful sheltered cove well known during the peak season for its popular beach curries — the perfect way to enjoy an evening meal by the sea while watching the sun set over the bay.
Combining impressive sea views, practical accommodation and a prime coastal position, this apartment represents a fantastic opportunity to acquire a home in one of North Devon’s most desirable seaside locations.
Agent Note: The property is offered with a 1/5 share of the freehold, with the freehold owned by Barricane Apartments Ltd and each apartment holding a share in the company.
The property benefits from a 999-year lease dating from January 1999.
The current maintenance fund contribution is £70 per calendar month, which includes buildings insurance and upkeep of communal areas.
The lease states that the flat may only be used as a private dwelling in the occupation of one family and must not be used for any purpose that could cause nuisance to the landlord or neighbouring occupiers.
Applicants are advised to proceed from our offices in a westerly direction along the High Street heading out of town on the A361 road sign posted for Barnstaple.
At the Mullacott Cross roundabout take the right hand exit sign posted for Woolacombe and Mortehoe and follow along this road for approximately 3 miles into the village of Woolacombe.
Upon entering the village proceed down the hill towards the sea and turn right opposite the Red Barn onto the Esplanade.
Follow around the Esplanade for approximately 500 yards where Barricane Apartments can be found on the right hand side.
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
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FAQ
About The Esplanade, Woolacombe, Devon, EX34
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