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See how verdicts work2-bedroom bungalow · EX39 3PN
Listing removedListed 748 days
Opportunity summary
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About
Modernised detached two bed holiday chalet occupying an elevated and pleasant location allowing for a fine aspect over the surrounding grounds. Available with no onward chain.
The chalet is set within the attractive grounds of 'Lenwood Country Club' which currently is closed (and has been for some time) and presently offers no onsite facilities except for the general up keep and maintenance of the grounds.
Lenwood Country Club occupies a semi-rural location but is still within easy access of Northam village and Bideford Town, both of which offer a good variety of services and facilities.
The seaside resort of Westward Ho!
with its long sandy beach and adjoining championship golf course is just over 2 miles distant and there is easy access to the North Devon Link Road allowing direct communication to the principle town of Barnstaple and the M5 motorway connection north of Tiverton.
SERVICES: Mains electricity. Mains water and drainage. COUNCIL TAX BAND: A. TENURE: The chalet is for holiday occupancy only but can be used for 10 months of the year.
LEASEHOLD: Balance of a 98 year lease which is due to expire 2098. The chalet is subject to a service change (covering maintenance of the grounds) which is currently in the region of £TBC per annum.
A ground rent is payable which is currently £TBC per annum and insurance contribution of approximately £TBC per annum.
The property is subject to use as a private holiday residence or for holiday lettings only. When sold the property owner will be required to pay 5% commission of the sale price to the freeholder.
All figures are approximate and subject to annual review.
DIRECTIONS TO FIND: From Bideford Quay proceed along the Kingsley Road as towards Northam and upon reaching Rydon Garage turn immediately left after into Raleigh Hill.
Continue up the hill and after passing the entrance to Lenwood Park take the next turning right and the entrance to Lenwood Country Club will be seen at the bottom of the hill on the left-hand side.
On entering the Country Club continue to the far end taking the first left, which gives access to an open parking area from where the pedestrian access to this chalet can be gained.
ACCOMMODATION (all measurements are approximate):- LIVING/DINING ROOM: 4.88m x 3.93m. Dimplex electric heater and a separate night storage heater.
Cupboard with shelving, storage plus the hot water tank. Laminate flooring and uPVC sliding doors onto the outside decking. KITCHEN: 2.18m x 2.13m.
Cupboards and drawers with matching wall units, four ring electric hob with double oven below and extractor above.
Work surface incorporating single drainer stainless steel sink unit with tiled splash backing, integrated dishwasher, washing machine and fridge/freezer. BEDROOM ONE: 3.19m x 2.62m.
Wall heater, wardrobe with sliding door and laminate flooring. BEDROOM TWO: 3.20m x 3.13m. Wall heater, wardrobe with sliding door and laminate flooring.
SHOWER ROOM: Low level dual flush WC, shower cubicle, wash basin and vanity unit. Shelving and tiled flooring.
DECKING: Fully enclosed composite decking to the side of the property with trellising and fencing.
Value & comps
No previous sales on record.
Returns
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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
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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 Lenwood Country Club, Lenwood Road, Northam, Bideford, EX39
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