2-bedroom flat · EX34 8FG
For saleReduced £15k (−10%) on 18 OctListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment 4, Atlantic Court is a bright and well-presented first-floor apartment, forming part of a purpose-built development conveniently positioned close to Ilfracombe’s town centre, seafront and wide range of local amenities.
The building is approached through a well-maintained communal entrance hall, with a passenger lift and staircase providing easy access to all floors, perfect for the more mature purchasers.
Upon entering the apartment, a welcoming hallway leads to each of the principal rooms.
The main living space is arranged in an attractive open-plan layout, combining the lounge, dining area and kitchen.
A large bay window allows plenty of natural light to fill the room and space for a dining table.
The accommodation further comprises two bedrooms and benefits throughout from gas-fired central heating and double glazing.
Residents also have access to two communal outdoor areas, providing pleasant spaces for relaxing, entertaining or enjoying alfresco dining.
An allocated parking space is included, making this an appealing opportunity for first-time buyers, downsizers, investors or those seeking a conveniently located coastal home.
An internal viewing is highly recommended to fully appreciate the accommodation on offer. Agents note: The property is leasehold with the balance of an original 999 year lease which commenced in 2009.
The freehold is vested in the Management Company which is made up of the 12 apartment owners with each apartment holding a 1/12th share.
The service charge which includes maintenance of the communal and external areas and the building insurance currently amounts to £115 per month currently.
There are no restrictions on holiday or assured shorthold letting and pets are allowed within the building with consent from the Management Company.
From our office on Ilfracombe High Street, head east and take the first left hand turn onto Northfield Road. The property will be found on your left drive after 50m.
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
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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 Apartment 4, Atlantic Court,, Northfield Road, Ilfracombe
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