2-bedroom flat · EX35 6JD
For saleReduced £15.1k (−5.5%) on 21 JunListed 450 days
Opportunity summary
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About
Description About the property A Spacious 2-Bedroom Apartment with No Onward Chain A well-presented and generously sized lower ground floor apartment, ideally situated to enjoy coastal living.
This property features: Two double bedrooms-including a spacious main bedroom with en suite and dressing area Expansive 21'7" sitting/dining room-opening onto a terrace, ideal for entertaining Modern kitchen and bathrooms-well-appointed and stylish Allocated parking space-plus visitor parking Well-maintained communal gardens-offering panoramic sea views No onwards chain-for a smooth and hassle-free purchase Perfect as a main residence, coastal retreat, or investment.
Early viewing is highly recommended.
Castle Heights in Lynton, North Devon, is a well regarded residential development built in 2002 on the site of the former Royal Castle Hotel, which was originally a grand country house.
The layout briefly includes an entrance foyer with storage cupboards, an open-plan sitting and dining area with a kitchen off to the side, and French doors leading to a terrace.
There are two double bedrooms, one with a dressing area and an ensuite shower room, as well as a separate bathroom.
One of the two pergolas and lawned garden spaces with plants are located in front of the apartment.
There are visitor parking spaces close by, and number 5's parking is across from the apartment's entrance.
There are other lawns and gravelled areas in Castle Heights' common grounds, some of which have views of the sea.
There is a charming summerhouse with expansive views of Lynmouth Bay and a second pergola.
In addition to a community bin area with designated recycling boxes, there is plenty of parking for both owners and guests.
For layout and approximate room measurements, please see the enclosed floor plan.
The area The property is within easy walking distance of local amenities, including a good selection of restaurants, bars, cafés, shops, small supermarkets, a library, a primary school, and places of worship, along with a regular bus service.
Lynton is twinned with the coastal village of Lynmouth, set on the banks of the River Lyn overlooking the sea and reached by a cliffside railway.
The South West Coast Path passes directly through Lynton & Lynmouth and is England's longest waymarked long-distance footpath and a National Trail.
It stretches for 630 miles (1,014 km), running from Minehead in Somerset, along the coasts of Devon and Cornwall, to Poole Harbour in Dorset.
More extensive shopping facilities and amenities are available at the larger town of Ilfracombe (about half an hour) and the regional centre of Barnstaple (about 45 minutes).
The world-renowned surfing beaches at Woolacombe, Putsborough, Saunton (also with Championship golf course) and Croyde are also about 45 minutes by car.
The North Devon link road (A361) is about a 40-minute drive and eventually joins the M5 motorway network at Junction 27, where Tiverton Parkway offers a fast service of trains to London Paddington in just over 2 hours.
The nearest international airports are at Bristol and Exeter. There are excellent state and private schools within the area.
The Valley of Rocks is within level walking distance (passing the extraordinary location of the cricket ground), offering access to many miles of coastal walks and stunning unspoilt countryside, which the surrounding Exmoor National Park has to offer.
A trip to Dunkery Beacon, Exmoor's highest point has incredible views and a picnic at Landacre Bridge or visit to Withypool tea rooms would be well worth the journey.
Services & outgoings The property is served by mains water, drainage and electricity. Double glazed windows.
According to Ofcom, ultrafast broadband is available at the property, and there is the likelihood of coverage from several mobile phone networks. For more information, please see the Ofcom website.
North Devon Council - Band C (2025/26 Approx. £2,267.75 per annum) EPC - C Rating Tenure Leasehold originally 999 years, commenced January 2002 (approx. 975 years remaining).
1/33rd share of the company set up to own the freehold. The annual service charge (including building insurance) over recent years has typically been in region of £2000 - £2500.
All exterior maintenance, upkeep of the grounds and common parts, are covered by an annual service charge. While holiday rentals are prohibited, assured shorthold tenancy is allowed.
Directions Turn right as you leave our office and continue down Church Hill. Castle Heights is on the left and accessible via the pillared entryway.
Access to the property is via the first pergola on the left, and the front entrance is level. The property benefits from an allocated parking space and visitor spaces.
Property Reference #RSE0489 Council Tax Band: C (North Devon Council) Tenure: Share of Freehold (975 years) Service Charge: £2,500 per year Leasehold originally 999 years, commenced January 2002 (approx.
975 years remaining). 1/33rd share of the company set up to own the freehold. The annual service charge (including building insurance) over recent years has typically been in region of £2000 - £2500.
All exterior maintenance, upkeep of the grounds and common parts, are covered by an annual service charge. While holiday rentals are prohibited, assured shorthold tenancy is allowed.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 5 Castle Heights, Lynton
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