2-bedroom flat · EX39 3NJ
Sold STCListed 175 days
Opportunity summary
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About
A spacious south facing purpose built ground floor apartment within an individual block of just two units, having parking, integral garage, whilst occupying a peaceful semi rural, level walk to town location.
Originally built during the mid 1970's by a local builder for his own occupation this is a quite unusual yet attractive arrangement comprising a detached block of just two bespoke apartments with garaging and private areas of easy to maintain adjoining gardens.
Occupying a popular position on the south side of First Raleigh.
The Raleigh area is on the fringe of Bideford Town just over half a mile from the shopping centre and quayside but actually within the village boundaries of Northam which is approx. 1 mile away.
Being pleasantly set between the two and on hand for the local amenities and wide choice of shops, schools and recreational facilities. The seaside resort of Westward Ho!
with its long sandy beach and adjoining Championship Golf Course is just 2 miles distant and there is easy access to the North Devon Link Road allowing direct communication to North Devon's principal town of Barnstaple (10 miles) and the M5 Motorway connection north of Tiverton approx.
45 miles. SERVICES: All mains connected. Gas central heating. uPVC double glazed windows. TENURE: Freehold. COUNCIL TAX: Band C.
DIRECTIONS: From Bideford Quay proceed as towards Northam passing Morrisons Supermarket on your right continue for a further 200 metres or so and just prior to Rydon Garage turn sharp left into Northam Road and then first right into First Raleigh.
Millstone will then be found to be the ground floor apartment within the first building on the left with pedestrian stepped entrance to the side.
(The vehicular entrance and front of the property are via an unmade private lane which runs parallel to First Raleigh).
ACCOMMODATION (all measurements are approximate) UPVC double glazed door into: ENTRANCE PORCH/GARDEN ROOM: 3.88m x 2.92m Radiator and laminate flooring. ENTRANCE HALL: Radiator and vinyl flooring.
Cloaks hanging space. DINING ROOM: 3.48m x 2.68m Radiator and vinyl flooring.
KITCHEN: 3.47m x 2.87m Working surface incorporating single drainer, stainless steel sink unit, tiled splashback, four ring electric hob with oven below.
Integrated dishwasher, cupboards and drawers, space and plumbing for washing machine plus a wall mounted ideal combination gas fired boiler. Radiator and vinyl flooring.
LIVING ROOM: 5.08m x 3.41m Radiator and fitted carpet. Door into: STUDY: 2.87m x 1.79m Vinyl flooring and Perspex internal window into the kitchen and entrance hall.
BEDROOM ONE: 4.02m x 2.97m Radiator and fitted carpet. SHOWER ROOM: Fully tiled shower cubicle, low-level dual flush WC and wash basin.
Fully tiled walls, ladder style radiator, extractor fan and vinyl flooring. BEDROOM TWO: 3.47m x 3.00m Radiator and fitted carpet.
OUTSIDE: South facing crazy paved front garden with attractive colourful flowerbeds, veranda style entrance terrace and outside lighting.
Further shrubbery garden to the side with short stepped pedestrian entrance from First Raleigh.
The vehicular access is over an unmade private lane which runs parallel to the south side garden with concrete driveway having parking for 1-2 cars, access to the INTEGRAL GARAGE: 5.18m x 3.00m Up and over door, overhead storage, water, power and light.
Storage passage to side with power and light.
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
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 First Raleigh, Bideford, EX39
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