Guest house at auction · EX34 7AY
LOT 8 – FOR SALE BY AUCTION. 2 Oceanpoint is a two-bedroom duplex apartment with a large private walled patio.
It was built in 2017 in a boutique development of just 12 homes, about four minutes' walk from Woolacombe's three-mile Blue Flag beach. It extends to approximately 883 sq ft (82 sq m) over two floors.
On the ground floor, an open-plan kitchen, dining and living room with a breakfast bar opens onto the patio.
Upstairs are a double bedroom with fitted wardrobes, a twin bedroom, a family bathroom and a separate shower room.
The apartment also has an underground parking space with EV charger and underfloor heating via an air source heat pump. Planning consent allows use as a permanent home or as a holiday let.
It is sold with vacant possession. Leasehold, 999 years from 2017, with a 1/12th share of the freehold. Guide price £550,000–£645,000.
For sale by auction at Claridge's, Mayfair, London, on Wednesday 28 October 2026 at 1.00pm, unless sold prior.
Comprehensive property specifications
Opportunity summary
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About
LOT 8 – FOR SALE BY AUCTION. 2 Oceanpoint is a two-bedroom duplex apartment with a large private walled patio.
It was built in 2017 in a boutique development of just 12 homes, about four minutes' walk from Woolacombe's three-mile Blue Flag beach. It extends to approximately 883 sq ft (82 sq m) over two floors.
On the ground floor, an open-plan kitchen, dining and living room with a breakfast bar opens onto the patio.
Upstairs are a double bedroom with fitted wardrobes, a twin bedroom, a family bathroom and a separate shower room.
The apartment also has an underground parking space with EV charger and underfloor heating via an air source heat pump. Planning consent allows use as a permanent home or as a holiday let.
It is sold with vacant possession. Leasehold, 999 years from 2017, with a 1/12th share of the freehold. Guide price £550,000–£645,000.
For sale by auction at Claridge's, Mayfair, London, on Wednesday 28 October 2026 at 1.00pm, unless sold prior.
Value & comps
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Returns
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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.
Computed once at least one cost line is on file.
Agent & docs
FAQ
About 2, Oceanpoint, Sandy Lane, Woolacombe, Devon
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