1-bedroom flat · EX34 7BP
Sold STCListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Studio 2, West Beach Apartments is a deceptively spacious and beautifully presented studio apartment, ideally positioned in the heart of this highly sought-after coastal village.
The accommodation is accessed via a communal entrance door, which opens into a shared hallway, with a further private door leading into the apartment itself.
Upon entering, you are welcomed into a bright and airy open-plan studio room, thoughtfully arranged to provide comfortable living, sleeping and dining space.
A door from the main room leads through to a recently fitted, chic and contemporary shower room, comprising a walk-in shower with tiled surround and wall-mounted shower appliance, WC, wash hand basin and heated towel rail.
The open-plan studio room incorporates a well-equipped kitchen area, fitted with a range of base and eye-level units with matching drawers, a stainless steel sink and drainer, extensive tiled splashbacking, an integrated four-ring electric hob set into roll-top work surfaces, space for an undercounter fridge freezer, and a breakfast bar with seating for up to four people.
The living and sleeping area offers ample space for sizeable furniture, including a large double bed, with further room for wardrobe storage.
The space is flooded with natural light from the large double-glazed window to the front elevation, creating a bright and welcoming atmosphere throughout.
Offered to the open market with the distinct advantage of no onward chain, this attractive studio apartment combines a central village location with well-presented, low-maintenance accommodation.
With Woolacombe’s renowned sandy beach, village amenities and coastal attractions all within easy reach, Studio 2 represents an excellent seaside retreat, holiday letting opportunity or investment purchase.
Further benefits include a long lease, manageable service charge and strong potential appeal to buyers seeking a stylish coastal base in one of North Devon’s most popular seaside destinations.
AGENTS NOTE: We understand the property is held on a leasehold basis, with the balance of a 999-year lease remaining from 1st January 2009.
The current service charge is £100.00 per month, which includes maintenance of the communal and external areas.
The building is insured under a block policy, with the cost equating to approximately £140.00 per annum. The property can only be used for holiday occupancy and can be holiday let if required.
The freehold is vested within the Management Company Westbeach Management Company Limited which is made of up the various apartment owners within the building. No pets allowed.
Applicants are advised to proceed from our offices in a westerly direction heading out of town on the main A361 sign posted Barnstaple.
At the Mullacott Cross roundabout take the right hand exit sign posted Woolacombe & Mortehoe, continue along this road towards Woolacombe for approximately two and a half miles and proceed down the hill towards the sea front.
Upon entering the village Westbeach Apartments will be found on the left hand side immediately opposite the new Byron Development, studio 2 is located at the side of this building via the communal entrance hall.
Value & comps
No previous sales on record.
Returns
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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 Beach Road, Woolacombe, Devon, EX34
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