1-bedroom flat · EX34 9JU
Listing removedListed 204 days
Opportunity summary
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About
A superb first-floor apartment boasting panoramic sea views, off-road parking, and garden. Competitively priced and offered for sale with the added benefit of no onward chain..
Perfect for first-time buyers, this stunning first-floor apartment, Flat 2, 5 Apsley Terrace is a fantastic opportunity to step onto the property ladder with a home that combines style, space, and exceptional views.
The building benefits from a communal parking area giving ample parking directly to the front, while to the rear there is a communal garden, thoughtfully arranged to provide each owner with their own private outdoor space.
Internally, the apartment offers a wonderful sense of space, with a central hallway leading through to a modern open-plan living, dining, and kitchen area, ideal for both relaxing and entertaining.
From here, you can enjoy the property’s standout feature: far-reaching views across the Bristol Channel and, on clear days, towards the Welsh coastline.
On the opposite side of the hallway is a generous double bedroom complete with a range of modern fitted wardrobes, while a contemporary bathroom completes the accommodation.
Agent’s Notes: We understand the property has been required in recent years. All mains services are connected, with a gas boiler located above the bathroom.
The property benefits from a long lease with approximately 964 years remaining from the original 999-year term, and each flat owner holds a one-third share of the freehold.
Maintenance costs are shared equally, with current works being covered by the existing owners. Recently fitted double-glazed windows also come with the remainder of the FENSA warranty.
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 1.
MONEY LAUNDERING REGULATIONS – Please note: To comply with current Anti-Money Laundering Regulations, all buyers must complete an identity verification check.
The cost for this is £20 + VAT per person. 2. These particulars do not form part of an offer or contract. 3.
The measurements provided are for guidance purposes only and should be considered approximate. 4. Potential buyers are advised to recheck the measurements before committing to any expenditure. 5.
Douglas and Dean have not tested any appliances, equipment, fixtures, fittings, or services. It is in the buyer’s best interest to check the working condition of any appliances. 6.
Douglas and Dean have not verified the legal title of the property. Buyers must obtain verification from their solicitor. 7.
Mobile or broadband coverage checks have been carried out via the Ofcom website at time of instruction. Buyers are advised to make their own checks before committing to any expenditure.
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
Agent & docs
FAQ
About 5, Apsley Terrace, Highfield Road, Ilfracombe, North Devon, EX34
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