3 × 4-bed house + 4-bed bungalow · EX34 8LR
For saleListed 43 days
Opportunity summary
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About
A stylish ground floor apartment featuring a comfortable double bedroom, open-plan kitchen, dining, and living area, a bathroom, and a private terrace for enjoying the outdoors.
EPC & Council Tax tbc. Share of Freehold.
Situation Lee is a picturesque coastal village on North Devon’s dramatic coastline, home to a charming church, village hall, gallery and gift shop, and the welcoming Grampus pub.
The beach and bay are just a short stroll away, with countless scenic walks beginning right in the village.
Nearby, Woolacombe boasts its famous three-mile stretch of golden sand, while Exmoor’s rugged coastline and wild moorland are within easy reach.
Barnstaple, is around a 30-minute drive, offering rail connections to London and access to the M5 via the A361.
The Development Lee Bay is a stunning coastal collection of sixteen 1,2 & 3 bedroom apartments and duplexes, three 4 bedroom houses and a 4 bedroom bungalow.
These beautiful homes have been designed to offer exceptional living, featuring high quality specification and easy access to the beach.
Both the houses and apartments will enjoy access to beautiful, large communal landscaped gardens.
The National Trust have also acquired land adjacent to the scheme with plans to reinstate a National Trust car park with facilities built to enhance the village for residents and visitors.
Description Apartment 3 at Lee Bay is a beautifully appointed one-bedroom ground floor apartment, designed for effortless modern living.
The spacious open-plan kitchen, dining and living area is flooded with natural light and opens directly onto a private terrace through full-height glazed doors, creating a seamless connection to the peaceful communal gardens and surrounding green space.
The terrace is also accessible from the bedroom, enhancing the sense of indoor-outdoor living.
Inside, the apartment features a sleek contemporary bathroom, a separate utility room providing valuable additional storage, and a fully fitted kitchen with integrated appliances.
Comfort and efficiency are prioritised with underfloor heating and a ground source heat pump supplying heating and hot water.
Completing the home is allocated parking, making this thoughtfully designed apartment an ideal coastal retreat.
Specification •A range of Integrated Appliances •Flooring throughout •White Sanitary Ware •Thermostatic Shower •Heated Towel Rail in bathroom and en-suite •Ground Source Heating •Underfloor heating throughout Other Considerations Service Charge payable.
Build Completion Anticipated Summer/Autumn 2026. The internal photos are to show the internal finish only and are taken from a similar property. Some photos have been created using CGI.
Directions At the Mullacott Cross roundabout, take the Woolacombe/Mortehoe turning.
After approximately 11⁄2 miles look out for a fairly inconspicuous turning to the right, where there is a sign for ‘Lee/Lincombe’.
Continue down this lane, at the next junction turn left toward Lee village. Proceed into the village, passing the church on your left and carry on as if you are heading for the beach.
Shortly before the beach is the site of the former Lee Bay Hotel, where the development is under construction. Viewings Strictly by appointment through the sole local agents, Stags Barnstaple office /
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.
Area
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FAQ
About Apartment 3, Lee Bay Gardens, Lee Ilfracombe
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