We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom property · EX34 9EL
Sold STCListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming first-floor apartment, located in a highly sought-after position just moments from the harbour and seafront, offers a fantastic opportunity to enjoy coastal living.
The property benefits from ground-level access, making it both accessible and convenient.
Comprising two spacious double bedrooms, a modern shower room/W.C., and a bright and airy lounge/dining area, the apartment provides comfortable living space throughout.
The well-appointed kitchen is fitted with integrated appliances, including a fridge, freezer, washing machine, 4-ring electric hob with extractor, and a double oven.
A separate study area/breakfast room off the lounge offers a peaceful spot to work or relax, with access to a rear balcony that boasts stunning views over Ilfracombe Harbour, Capstone Point, and Hillsborough.
Additional features include a useful storage shed at the end of the balcony, communal drying area, and a shared front patio with potential for potted plants and hanging baskets.
The property is equipped with majority uPVC double glazing and electric heating, ensuring it is both energy-efficient and easy to maintain.
Perfect as a permanent residence or second home, this property is a must-see.
Its prime location, combined with its spacious and well-presented accommodation, makes it an ideal choice for those seeking to enjoy all that Ilfracombe has to offer.
An early viewing is strongly recommended to appreciate the full potential of this beautiful apartment.
AGENTS NOTE The property is leasehold with the balance of an original 125 year lease which commenced on the 25th April 1989. The freeholder is Taplow Investments Limited.
The service charge, which includes a contribution towards the ground rent, is currently £75 per month.
We understand that there are no restrictions on domestic pets and that assured shorthold letting is allowed. However, short term holiday letting is not permitted.
To find the property, proceed from our office in an easterly direction through the High Street, turning left onto Fore Street. Continue towards the harbour, then turn right at the end of the road.
Parliament Court will be on the left-hand side as the road curves around.
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
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 Parliament Court, Ilfracombe, Devon, EX34
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