2-bedroom property · EX33 1SA
For saleListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVER 55 ACCOMODATION. NO ONWARD CHAIN! A modern two bedroom ground floor apartment close to local amenities and facilities in a convenient location.
The apartment is in a good order throughout with double glazing. Gas Central Heating.
Lovely Spacious Entrance Hall, Lounge with double aspect views, Kitchen with built in Oven and hob, Two Double bedrooms, Shower/Wet room with thermostatic mixer shower. Communal Parking and Gardens.
A sought after quiet location. Welcome to this delightful, over 55's, ground floor apartment which is situated in the ever so popular development of Great Field Gardens.
The apartment is well positioned, being within a short walk into the village centre and close to all the local amenities. This would be an ideal retirement property.
As you walk into the communal hallway the apartment is found at the back left. Stepping inside you have a useful porch area to hang up coats and leave shoes etc.
Leading into the entrance hall you have 2 good sized bedrooms on your right-hand side. These are both light and spacious leaving ample room for wardrobes etc.
The shower room is nicely tiled and you have a useful storage cupboard just next to the shower room.
Approaching the living room you are presented with a lovely double aspect living room which has plenty of space for furniture and a dining table.
Which follows through to the kitchen which has ample cupboard space, inset oven with gas hob and space for a washing machine.
This is a rare opportunity to buy a comfortable retirement home which is a short walk to all the local amenities. We recommend a viewing to appreciate the property in full.
An Ideal Over 55'S Property - Porch - 1.4 x 1.16 (4'7" x 3'9") - Hall - Lounge/Diner - 5.22 nar 3.89 x 4.45 nar 3.03 (17'1" nar 12'9" x - Kitchen - 2.24 x 2.24 (7'4" x 7'4") - Bedroom 1 - 3.92 x 2.74 (12'10" x 8'11") - Bedroom 2 - 3.92 nar 3.21 x 2.25 (12'10" nar 10'6" x 7'4") - Shower Room - 1.75 x 1.75 (5'8" x 5'8" ) - Communal Gardens - Communal Parking - Great Field Gardens is a modern development for the over 55's set just off First Field Lane and is extremely convenient to the village.
The centre is only a few minutes walk away and there is also a bus stop close by.
Braunton is considered to be one of the largest villages in the country and it caters well for its inhabitants with an excellent range of amenities including churches, a medical centre, library, the family run Cawthorne's Store, Tesco Superstore, and a good number of restaurants , coffee houses, shops and stores.
Approximately 4 miles to the west are the sandy beaches of Croyde and Saunton where there is also the renowned golf club with its two championship courses.
Barnstaple, the regional centre of north Devon, is approximately 5 miles to the east.
Here a wide range of shopping facilities can be found, including the covered shopping area to the town centre at Green Lanes and out of town shopping located at Roundswell.
The new North Devon Leisure Centre has recently been completed and other leisure amenities include The Tarka Tennis Centre, Scott's Cinema and The Queens Theatre.
A regular bus service connects to the local beaches and to Barnstaple and beyond. There is a railway connection from Barnstaple to the city of Exeter.
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
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