3-bedroom flat · EX34 8AL
For saleListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This vast American warehouse apartment of 130 Sqm 1,400 Sqf (EPC Data) is a rare find and a must see.
Situated in the heart of Ilfracombe, this particular apartment comes with covered outside space from the principle bedroom.
The Old Picture Hall is an truly impressive building comprising of 6 character apartments converted circa 2004.
The property is conveniently located just yards from the world famous Tunnels Beach and just a short stroll from the High Street.
Ilfracombe’s picturesque Harbour area is approximately 1/2 mile distant. Apartment 2 is possibly the largest within the building and has a great feeling of space.
Set over the lower ground floor and ground floor with 3 good size bedrooms, the principle bedroom has a refitted en-suite along with access to a covered and mainly enclosed balcony area.
In addition on the ground floor is a refitted shower room, long hallway and open living space. Down stairs is a WC and main living area which opens up to the kitchen.
Lease details: The property has the remainder of a 125 year lease from approximately 2004. The freehold is vested within the management company of the six apartments.
There is a maintenance charge which (at the time of print) is £240 per quarter to cover the maintenance of the common and external area.
We understand there are no restrictions on either long term or holiday letting within the building.
All main services connected Council Tax band 'B' Ilfracombe town offers a variety of independent shops along with larger supermarkets both in and out of town including Lidl, Tesco and Co-Op with further shops, art galleries, restaurants and bars within the area.
The picturesque seafront and harbour area is where the renowned artist Damien Hirst influence can be found along with his 60’ ‘Verity’ statue at the harbour entrance.
In addition is the exciting new water hub and café making the harbour area a hive of activity.
North Devon has a wealth of simply stunning golden sand beaches and has long been a mecca for British surfers.
The area has recently been declared a ‘world surfing reserve’, one of just 12 places on the planet along with the Australia’s Golden Coast and Malibu in California.
In addition Exmoor National Park offers breath taking scenery with miles and miles of walks.
Barnstaple, North Devon’s main trading centre is approximately 12 miles away with many of the big name shops and rail link to the intercity network at Tiverton. Ready to take the next step?
Whether your home is on the market, or you’re just thinking about selling, now or in the future, and you’d just like some advice, we’d love to help! Andrew Carr Sales Nicola Draper Lettings
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 advisors 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 The Old Picture Hall, Northfield Road, Ilfracombe, North Devon, EX34
Explore nearby