1-bedroom flat · EX34 9LT
Listing removedListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ATTENTION FIRST TIME BUYERS AND INVESTORS A well presented one bedroom flat situated in a convenient location close to Ilfracombe town centre and local amenities.
Offering well proportioned accommodation, this property would make an ideal first purchase or a smart buy to let opportunity.
This appealing ground floor flat is a rare opportunity set in the heart of ilfracombe just a few yards from the High Street.
You are welcomed into a spacious entrance hall, with two good-sized storage cupboards providing excellent additional space for coats, shoes and household essentials.
The property offers an open-plan living room with kitchenette, creating a practical and low-maintenance living space.
Agents note: The property is held on a 999-year lease commencing from 17th February 1987, with a ground rent of £5.00 per annum payable yearly on 17th February.
The current maintenance charge is £40 per calendar month. Long-term letting is permitted under the terms of the lease, however holiday letting is not allowed.
The owner also benefits from use of the communal visitor parking spaces. All mains services are connected to the property with the exception of mains gas.
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 – Prospective buyers will be asked to provide identification information at a later stage. We kindly request your cooperation to avoid any delays in finalising the sale.
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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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.
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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 Croftside, Victoria Road, Ilfracombe, North Devon, EX34
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