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See how verdicts work2-bedroom flat · EX34 7BT
For saleReduced £6.8k (−4.2%) on 21 JunListed 536 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £160,750 based on an average saving of 33%.
Market Value Price: £240,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £240,000, please contact the estate agent Webbers.
Property description 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.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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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.
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FAQ
About Flat 4, Avalon Court Beach Road, Woolacombe Devon, Devon
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