2-bedroom flat · EX34 7BT
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 4 Avalon Court is a pleasant and spacious apartment which is within just a couple of hundred yards from Woolacombe's award winning surfing beach and all local amenities.
It is light, airy, and well presented throughout, as well as featuring gas central heating, double glazing and no onward chain.
The living accomodation comprises a communal hall, that leads in to the main social hub of the property, which is a very impressive open plan kitchen/living room/diner which is in good order throughout.
To the first bedroom there is a walk in cupboard which also has plumbing for a washing machine and there is also a second bedroom and a well appointed bathroom.
Outside there are communal gardens and steps to the side of the building leading up to the parking area where each flat has an allocated parking space.
The property would make an ideal perminant home, investment proposistion, or weekend lock and leave for the avid surfer.
Agents Note: The property is leasehold with the balance of a 999 year lease which commenced in 1988. The freehold is vested in the management company and each flat owner has a 1/7th share.
The service charge which includes maintenance of the common and external areas is £100 per month. There are no restrictions on letting the property.
Pets are allowed with permission of the management company.
Woolacombe sits on the rugged North Devon Coast, amidst the surrounding National Trust land and is an extremely well-known village in the UK, primarily due to the stunning beaches which have previously held the accolade of the Number 1 beach in the country by Trip Advisor.
Many visitors flock to the area throughout the year, especially during the busy summer months.
The village has an array of facilities which include a variety of small independent shops, cafes, bars and restaurants.
There is also a health centre, chemist and a primary school which has an outstanding rating from Ofsted.
As well as the main stretch of golden sands there is also Barricane and Combesgate Beaches which have rock pools to explore and the former having a beach side kiosk, selling delicious Sri Lankan curries throughout the summer season.
Applicants are advised to proceed from our offices along the High Street heading out of town on the main A361 sign posted Barnstaple.
At the Mullacott Cross roundabout take the right hand exit sign posted Woolacombe and Mortehoe and follow this road for approximately 4 miles into the village of Woolacombe.
Upon entering the village proceed down the hill towards the centre where Avalon Court will be found on the right hand side, shortly before the Byron Development.
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
Agent & docs
FAQ
About Flat 4, Avalon Court,, Beach Road, Devon
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