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See how verdicts work1-bedroom flat · EX34 9JH
Listing removedReduced £5.5k (−6.1%) on 21 JunListed 632 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
On the market is a spacious Grade II listed one-bedroom flat, ideal for buy to let investment with a potential rental income of £525 per calendar month, this could also be used as additional residence or a great first-time buyer opportunity.
The property is in need of slight modernisation, however it has just recently had a fantastic newly fitted bathroom and recently moderised bedroom.
It boasts a number of unique features including high ceilings, an open-plan layout, a feature fireplace and multi fuel burner, and other character features that add to its charm.
It has also recently had log burner installed in the lounge increasing the ambience. There is a large open-plan kitchen/Diner/Lounge.
The potential for this space is tremendous, with wood-effect countertops and a breakfast bar already included in the layout.
Situated in an area with excellent public transport links, nearby schools, and local amenities, this property is not only conveniently located but also falls within council tax band A.
This flat is a rare find and a potential dream home awaiting your personal touch.
Ilfracombe is situated along some of North Devon's most attractive and rugged coastline and has easy access to superb rolling countryside including the Exmoor National Park, the town is particularly renowned for its delightful harbour and quayside as well as Promenade with Landmark Theatre and pleasure gardens.
Some amenities include New Water sports Hub, rnli station, Building Society, Library, Post Office, Schools and Cinema and provides nationalised shops and three major supermarket chains Tesco, Lidl and The Co- operative.
Local sandy beaches include the award winning Woolacombe Beach along with Saunton, Putsborough and Croyde which are also close to hand and attract thousands of visitors each year.
The regional centre of Barnstaple is North Devon's historical capital and is approximately 13 miles away and it's acclaimed shopping precinct homes many brand name High Street shops, banks and restaurants.
Barnstaple Train Station connects to the inter-city rail network in Exeter. The North Devon Link Road A361 gives fast access to the M5 Motorway Junction 27 (Tiverton).
Directions From our Ilfracombe office with the premises on your right hand side proceed along Ilfracombe High Street and take the first right hand turn into Springfield Road.
Continue up this road taking the first right into Belvedere Road.
The property will then be found approximately half way along the road taking a right hand turn on foot down a path way leading to the entrance of Sanwyn House with the entrance on your right hand side.
Main Entrance Entrance hall leading to: Communal Entrance Partly glazed door leading to; Communal Hall Door leading to. Main Entrance Partly glazed door leading to.
Hallway A range of partly glazed windows, radiator, doors leading to.
Bathroom 11.31 x 3.82 - UPVC double glazed window to side elevation, three peice suite comprimising of: Low level push button W.C, pedestal wash hand basin, shower, partly tiled wall, housing cupboard for gas combi boiler, extractor fan, radiator.
Bedroom One 11.59 x 10.07 - UPVC double glazed window to rear elevation, recently modernsied double bedroom, radiator, sound proof walls.
Open Plan 22.25ft narrowing to 8.45 x 15.87 - Kitchen/Lounge/Diner Kitchen A range of wall and base units, wood effect counter tops, partly tiled splash back, wood effect flooring, breakfast bar, stainless steel sink and drainer, electric oven, electric hob with extractor fan above, space for additional appliences.
Lounge Uvpc partly glazed sash windows to front elevation with secondary glazing installed, high ceilings, period shelving, spacious feature fire place and multi fuel burner.
Agents Notes Council Tax Band A (nddc) Energy Performance Rating is D.
Constructed from traditional brick with slate roof and equipped with essential mains utilities including water, gas and electricity.
This property is deemed a very low flood risk and is readily connected to mobile and broadband services.
Additionally, there are no current outstanding planning applications for this property or the neighbouring properties. Lease Term approximately 950 years.
Fees are currently £10 per annum for service charge and £60 per calendar month for maintenance charge. The management company is Turners management company.
Please note that there is an absent freeholder but will be appointed upon completion and is currently being handled via solcitors. Potential Rental income of £525 pcm.
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
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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.
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FAQ
About 2 Sanwyn House,, Belvedere Road, Devon
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