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See how verdicts work4-bedroom flat · EX34 7BX
For saleListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Southover Apartments is situated in a very popular location enjoying views over the village to the beach and sea and just a short walk from the beach and village amenities.
The building was converted into 5 apartments in 2002 and this apartment has proved popular as a holiday rental, although it could be utilised as a permanent residence.
The apartment is accessed from an attractive garden to the rear of the property and is arranged over two floors making the most of the lovely sea views.
From the decked terrace, the entrance hallway leads to a double room with french doors opening onto the terrace, a family shower room is also located on this floor.
The open plan kitchen/dining/living room offers a well fitted kitchen/dining area with ample storage.
This area opens into an attractive sitting room with 2 dormer windows with views over the village and dunes to the sea. A short flight of stairs lead up to a twin bedroom with velux windows.
There is some limited headroom to this room. From the hallway, stairs lead to a further double and twin on this top floor.
The double bedroom enjoys sea views and accesses a 'jack & jill' bathroom which can be shared with the twin bedroom if required.
Outside There are two dedicated parking spaces to the front of the property with steps leading from the parking area along the side of the building and to the rear of the property.
The entrance to Apartment 2 can be found through the delightful garden and via the decked terrace. The planting of palm trees within the garden area gives a wonderful 'holiday' feel.
NB: One of the standout features of this apartment is its potential for expansion.
With current planning permission in place from the original renovations (planning application 32791), there is a great opportunity to replace the two dormer windows in the sitting room with bifold doors which would lead out onto a balcony.
This would allow you to fully immerse yourself in the beautiful sea views over the beach and bay.
Tenure: Leasehold The property is available with a new 999 year lease with an annual Ground Rent payable of £50 pa.
The maintenance charge for the property is £120 per month plus a 1/5th contribution to the building insurance- in 2025 this was £327 for the year.
Services Mains Electricity Mains Water and sewerage Mains Gas Location The North Devon coastline has been designated a World Surfing Reserve, joining iconic destinations such as Malibu and Santa Cruz in California, and Manly and Australia's Gold Coast, placing the area firmly among the world's premier surfing locations.
The award-winning Woolacombe Beach is widely recognised as one of the finest beaches in the UK.
Situated on the North Devon coast between Croyde and Ilfracombe, its spectacular three-mile stretch of golden sand is popular with surfers and families alike, offering a classic seaside experience.
One visit here and it is easy to see why.
Not only is the coastline stunning and a true surfer's paradise, but the area also enjoys easy access to National Trust land, with scenic coastal walks and renowned surfing beaches including Putsborough, Croyde and Saunton all within easy reach.
The village of Woolacombe offers an appealing selection of shops, cafés, bars and restaurants, and is ideally positioned for exploring the surrounding coast and countryside - from the wild beauty of Exmoor National Park, to the natural wonders of Lundy Island, and the charming nearby villages of Mortehoe and Croyde.
Golf enthusiasts are well catered for, with a 9-hole course at Mortehoe, 18-hole courses at Ilfracombe, and the championship links courses at Saunton, located approximately twenty minutes away by car.
The regional centre of Barnstaple provides a wide range of high street names and independent boutiques, along with a leisure centre, indoor tennis facilities, a branch line railway station and a regional hospital.
The A361 offers convenient access to the M5 at Tiverton.
Directions to find: From Braunton: At the crossroad traffic lights in the centre of Braunton, continue straight along the A361 and follow this road until the Mullacott roundabout.
At the roundabout take the 1st exit. Continue towards the centre of Woolacombe, down to the bottom of the hill. Turn right onto Sandy Lane which is the first right after Byron Apartments.
Proceed up the hill and turn right into Springfield Road. The Southover Apartments will be found on the left hand side.
Approximate distance to Locations: Woolacombe Beach 0.5 miles Croyde Beach 5.2 miles Croyde Village 4.5 miles Putsborough 4.6 miles Saunton Beach 9.1 miles Braunton 6.7 miles Barnstaple Centre 14.1 miles Council Tax Band: Business rated, previous Tax Band B (North Devon District Council) Tenure: Leasehold (999 years) Ground Rent: £50 per year Service Charge: £120 per month 1/5th share of buildings insurance yearly
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.
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