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See how verdicts work2-bedroom flat · EX39 1TL
For saleReduced £2.6k (−2%) on 16 SepListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you've been searching for the perfect place to settle into without compromising on location, look no further.
This well-presented one-bedroom ground-floor home forms part of a popular over-55s development in the heart of Northam, where the beach, Northam Burrows and the rugged North Devon coastline are all within easy walking distance.
This combination is hard to beat. Upon entering, you are welcomed into a bright and versatile layout that makes excellent use of the internal space.
The generous living room to the front of the property enjoys a lovely outlook and provides a comfortable and inviting space to relax, while the separate dining area flows naturally towards the well-appointed kitchen, creating a sociable and practical arrangement for everyday living.
The kitchen itself is neatly fitted with ample storage and worktop space, housing an electric cooker and washing machine, with a sunny window flooding the room with natural light.
To the rear, a further reception room which could be used as an occasional bedroom, opens directly out onto a patio and an attractively maintained garden through French doors, bringing the outside in and offering a peaceful spot to sit and enjoy the fresh Devon air.
The bedroom is a well-proportioned space, served by a shower room fitted with an electric shower, pedestal basin and WC.
Externally, the property benefits from ample resident parking and sits within beautifully maintained communal grounds.
With Northam Burrows, the South West Coast Path and the golden sands of Westward Ho!
All within easy walking distance, this is truly a home that lets you make the very most of North Devon's spectacular coastline and countryside. Call now to arrange your viewing!
Local Shop - 0.3 miles - // Local Pub - 0.3 miles // Parking - Ample Resident Parking // Tenure - Leasehold // Other Property Information: Tenure: Leasehold.
Sold with the balance of a 125-year lease commencing from 1st October 1989.
Ground rent: Currently at £75 per annum, payable in two 6 monthly instalments, with provision to rise by £25 per annum at 21 year intervals until the end of the lease.
Service charge: There is a monthly service charge of approximately £210 to cover the cost of the exterior maintenance of the development, upkeep of all communal parts, cleaning and lighting of all communal parts, gardening, window cleaning (outside), Buildings Insurance, Central Monitoring System and the onsite manager.
Please note that the above figures are given for guidance only and are subject to confirmation. User restrictions: To be used as a private residence for the occupation of one family.
Residents should be over 55 years of age with the exception of a married spouse of an occupant who should be over 50 years of age. Pets are permitted but by prior consent.
Parking for Residents Only in the Communal Area.
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.
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FAQ
About 3, Lilybridge Northam, Bideford
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