3-bedroom semi-detached house · EX34 9AD
Sold STCListed 225 daysAuction 24 Oct · ended
Opportunity summary
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About
***SOLD PRIOR TO AUCTION***. An exciting residential development opportunity.
This substantial, four-storey, mid-terraced property now benefits from planning consent for conversion into four self-contained flats.
For access to the legal pack please visit 24/7 property auction website, log in and register.
An exciting residential development opportunity situated within an established and popular area of Ilfracombe, close to the town centre, seafront and local amenities.
This substantial, four-storey, mid-terraced property now benefits from planning consent for conversion into four self-contained flats, offering strong potential for resale, private letting or holiday accommodation investment, and once completed, is expected to appeal to the area’s buoyant demand for smaller residential units, particularly given Ilfracombe’s popularity as a North Devon coastal destination.
PROPOSED ACCOMMODATION Lower ground floor: Flat 1- Kitchen, living/dining room, master bedroom with 'Jack and Jill' en-suite bathroom/WC, bedroom 2. Ground floor: Communal entrance hallway.
Flat 2 - Landing, kitchen/living/dining room, bedroom with en-suite bathroom/WC. First floor: Flat 3 - Landing, kitchen/living/dining room, bedroom with en-suite bathroom/WC.
Second floor: Flat 4 - Landing, kitchen/living/dining room, bedroom with en-suite bathroom/WC. OUTSIDE: Front and rear gardens.
PLANNING: A grant of planning permission was issued on the 24th October 2025, under application number 80477, for the 'conversion of part former Devon Bay Hotel to 4 residential flats to include demolition of link.
Please visit for further information.
LOCATION: Ilfracombe offers a range of shops, schools, restaurants and leisure facilities, along with its picturesque harbour and access to the dramatic North Devon coastline.
TENURE: Freehold with vacant possession. EPC Not Required WHAT3WORDS: ///rigid.theme.streamers BROADBAND & MOBILE COVERAGE Broadband: Ultrafast available Mobile: Good outdoor. Good indoor.
Source: ofcom.org.uk VIEWINGS: Please call on to book into one of the scheduled block appointments. Viewings: By appointment only or as advertised by the auctioneer.
Internal viewings may be limited if units are occupied — purchasers should refer to auction pack and obtain surveys.
IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page.
It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION Guides are provided as an indication of each Seller’s minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction).
This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information.
Following the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEERS NOTES: We understand that the buyer is to reimburse the seller in the sum of £750 inc VAT by way of a contribution towards their legal costs.
Please refer to the auction legal for further information.
The seller has advised that additional land maybe be available by separate negotiation and buyers are to contact the auctioneers for further information.
Starting Soon Guide Price: * £95,000 Fees apply Buyer's fee: Admin fee:£1,140 All fees include VAT at 20% Holding Deposit: *£1,400 *Only charged if you are the successful buyer and goes towards the purchase price Exchange occurs at the end of the auction.
This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property.
To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell.
Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars.
Buyers should check the contents of the legal pack and special conditions for accurate information on fees.
Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions.
All legal documents in relation to this property have been provided by the Vendor's solicitor.
Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise.
Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above.
All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer.
We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.
Value & comps
No previous sales on record.
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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 starting price
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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.
Area
Agent & docs
FAQ
About Fortescue Road, Ilfracombe, North Devon, EX34
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