2-bedroom bungalow · EX23 9QY
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No.3 The Park enjoys a good position on site just a short distance from the resident’s car park.
The property is available with no onward chain and can be sold as a going concern, fully furnished, perfect for the investment buyer.
The chalet benefits from being recently refurbished by our clients, and having had full replacement of the external cladding and the roof prior to the current owner’s tenure.
Each room has been fully redecorated, to include new floor coverings, with luxury vinyl flooring in the lounge/kitchen/diner and bathroom with carpets fitted in the two double bedrooms.
The bathroom has a new modern bathroom suite which includes a large walk in shower with a Triton electric shower unit.
Warmth is provided by newly installed energy efficient slim-line electric wall mounted heaters in the living room and bedrooms.
These chalets are ideal to use as a base to enjoy this beautiful part of the world, being just 2.5 miles from the National Trust owned Sandymouth beach and access to the clifftops.
They can also be rented out using the site to book and handle the holiday lets, although our clients currently use Air BnB to manage their bookings.
The chalet can only be lived in for holiday use, not as a full time residence and in light of this has an 8 month occupancy restriction.
Location This popular holiday park lies just half a mile from the self-contained village of Kilkhampton which has a range of facilities including butchers, 2 public houses, a Co-op and a range of independent businesses.
There is good access from the site onto the A39 providing a good link to the coastal resort of Bude with 2 further sandy beaches and the local supermarkets.
North on the A39 leads to the Bideford/Barnstaple link road and then onto the M5. Services: Electricity, Mains Water and Drainage.
Lease Details: 90 year lease beginning 25th March 1976 (43 years remaining). Ground rent of £1586.70 including VAT and a service charge of £413.22 including VAT paid annually.
From Bude proceed north and just before the village of Kilkhampton turn left into Penstowe and the parking area for The Park will be found on the left hand side.
Follow the pedestrian path to the from the resident parking and bear right where No 3 The Park is clearly marked on the front of the chalet.
Value & comps
No previous sales on record.
Returns
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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 3, The Park, Kilkhampton
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