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See how verdicts work3 × 4-bed house + 4-bed bungalow · EX34 8LR
For saleListed 48 days
Opportunity summary
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About
Stamp duty incentive* An elegant 2 bedroom ground floor apartment, thoughtfully designed to balance comfort and contemporary coastal living. EPC & Council Tax tbc. Share of Freehold.
Stamp Duty Incentive* A coastal move with Stamp Duty savings.
For a limited time, Acorn Property Group is offering a Stamp Duty contribution* on selected homes at Lee Bay, giving you extra support when purchasing your new home by the sea.
With beautifully designed homes in an exceptional coastal setting, now is the perfect time to discover life at Lee Bay.
*Terms & conditions apply, available on selected plots only and not in conjunction with any other offer. Speak to our sales team for information.
Situation Lee is a picturesque coastal village on North Devon’s dramatic coastline, home to a charming church, village hall, gallery and gift shop, and the welcoming Grampus pub.
The beach and bay are just a short stroll away, with countless scenic walks beginning right in the village.
Nearby, Woolacombe boasts its famous three-mile stretch of golden sand, while Exmoor’s rugged coastline and wild moorland are within easy reach.
Barnstaple, is around a 30-minute drive, offering rail connections to London and access to the M5 via the A361.
The Development Lee Bay is a stunning coastal collection of sixteen 1,2 & 3 bedroom apartments and duplexes, three 4 bedroom houses and a 4 bedroom bungalow.
These beautiful homes have been designed to offer exceptional living, featuring high quality specification and easy access to the beach.
Both the houses and apartments will enjoy access to beautiful, large communal landscaped gardens.
The National Trust have also acquired land adjacent to the scheme with plans to reinstate a National Trust car park with facilities built to enhance the village for residents and visitors.
Description Apartment 5 at Lee Bay is an elegant ground floor apartment offering two generous double bedrooms, thoughtfully designed to balance comfort and contemporary coastal living.
The bright open-plan kitchen, dining and living space provides a welcoming hub of the home, perfectly positioned to enjoy views across the beautifully landscaped communal gardens and surrounding scenery.
The principal bedroom benefits from a stylish en-suite shower room, while a separate contemporary bathroom serves the rest of the apartment.
A separate services cupboard adds practical convenience, alongside a fully fitted kitchen with integrated appliances.
Energy-efficient underfloor heating and a ground source heat pump ensure year-round comfort.
With allocated parking and the sea just a stone’s throw away, this apartment presents an ideal opportunity for a relaxed coastal lifestyle.
Other Considerations Underfloor heating Ground source heat pump Service Charge payable. Build Completion Anticipated Summer/Autumn 2026.
The internal photos are to show the internal finish only and are taken from a similar property. Some photos have been created using CGI.
Directions At the Mullacott Cross roundabout, take the Woolacombe/Mortehoe turning.
After approximately 11⁄2 miles look out for a fairly inconspicuous turning to the right, where there is a sign for ‘Lee/Lincombe’.
Continue down this lane, at the next junction turn left toward Lee village. Proceed into the village, passing the church on your left and carry on as if you are heading for the beach.
Shortly before the beach is the site of the former Lee Bay Hotel, where the development is under construction. Viewings Strictly by appointment through the Stags Barnstaple office .
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About Apartment 5, Lee Bay Gardens, Lee Ilfracombe
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