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See how verdicts work3-bedroom flat · EX39 1NA
Sold STCReduced £25k (−7.1%) on 25 OctListed 314 days
Opportunity summary
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About
An impressive three bedroom penthouse duplex apartment having a spacious and light living/dining room, three en-suites plus a private top floor balcony.
The building has a sunny south facing front aspect, far reaching and quite spectacular unobstructed coastal views to the west side and rear encompassing the long sandy beach, Torridge estuary to Bideford Bay and distant Baggy Point headland.
A spacious purpose built self-contained penthouse apartment with far reaching and quite spectacular unobstructed coastal views to the west side and rear encompassing the long sandy beach, Torridge estuary to Bideford Bay, distant Baggy Point headland and Lundy Island.
Affording a superb and spacious reception room, well equipped modern kitchen, three bedrooms and three en suites.
Ocean Park is a fine development of 40 quality apartments constructed by Grenco Ltd in the early 2000’s with stone and facing brick external elevations, wood effect uPVC double glazed windows beneath concrete tile covered mains roofs.
Very convenient for the amenities of this very popular seaside resort which, together with its long sandy beach and adjoining Championship Golf Course, provides a full section of local shops including small supermarket, newsagents, butchers, post office, chemist etc together with a village pub, bars and restaurants.
The Port and Market town of Bideford is some 3 miles distant and there is easy access to the North Devon Link Road allowing connection to North Devon’s principal town of Barnstaple (approx..
12 miles) and the M5 Motorway (approx. 48 miles). SERVICES: All mains connected. Gas fired central heating. COUNCIL TAX: Band E. TENURE: Leasehold. Balance of 999 year lease from 2001.
Ground rent is currently not payable and the maintenance charge is currently in the region of £1,600 per annum which includes building insurance and the maintenance of all common parts including cleaning, lighting of common hallways, staircases and lift maintenance.
Ocean Park is to the most part self-managed by Ocean Park Westward Ho! Ltd and is supported by a local management company. Each apartment owner has a 1/40th share in the freehold of the development.
AGENTS NOTE: Below are extracts taken from the lease pertaining to the occupation of the flat and the restriction on pets – 3.12 – To use the premises for the purposes of a private residence in the occupation of one family only (without prejudice to the tenants right to let the premises on an Assured Shorthold Tenancy and for Private holidays).
3.34 – Not to keep any dog or any other animal, bird or pet whatsoever in the premises without the previous consent in writing of the landlord (which may be withdrawn) – we have it on good authority that consent will not be given.
DIRECTIONS: From Bideford Quay proceed northerly passing through the Heywood Road roundabout at the end of the Torridge Bridge as towards Westward Ho!.
Follow this route bypassing Northam village which leads down onto Atlantic Way the main route in to Westward Ho!.
Continue into the one way system passing Kingsley Hall on the right after which ignore the 2 turnings to the right into the village centre whereupon Ocean Park will be seen on the right.
All the apartments have a pedestrian access onto Atlantic Way with a small parking layby.
For vehicular access continue into Merley Road and turn immediately right through Golden Bay Holiday Park which gives access to a large parking area and the secure and allocated basement parking.
The accommodation is currently arranged to provide (all measurements are approximate):- Front entrance door into: ENTRANCE HALL: Fitted doormat, radiator and fitted carpet.
INNER HALL: Built in storage cupboard currently used to store a tumble dryer, radiator and fitted carpet. Stairs to the first floor. OPEN PLAN LIVING/DINING ROOM: 7.79m x 5.03m MAX.
Three radiators and fitted carpet, two Velux windows, UPVC double glazed sliding doors opening onto the BALCONY: Railings, tiled flooring and a fantastic view of Westward Ho! Beach.
KITCHEN: 3.90m x 2.81m Working surface incorporating four ring gas hob with extractor above, one and a half bowl textured sink unit plus tiled splashback.
Integrated dishwasher, fridge freezer and washing machine. Cupboards and drawers with matching wall units, eyelevel double oven. Fantastic Seaview.
BEDROOM ONE: 4.24m x 4.04m Two built-in double door wardrobes, radiator and fitted carpet. UPVC double glazed doors opening onto a Juliet balcony.
ENSUITE: Fully tiled shower cubicle, low-level WC, wash basin with storage below and ladder style radiator. Fully tiled splashback. Laminate flooring. Extractor fan.
STAIRS AND FIRST FLOOR LANDING: Fitted carpet and emergency fire exit door. BEDROOM TWO: 5.85m x 4.43m MAX.
Radiator and fitted carpet, two sets of built-in double door wardrobes, eaves storage and Velux Windows. Cupboard housing the Worcester gas fired boiler with fitted shelving.
UPVC double glazed sliding door onto the balcony with a fantastic sea and beach view.
EN SUITE: Fully tiled corner shower unit, low-level dual flush WC, wash basin vanity unit and further cupboard storage. Chrome ladder style radiator, extractor fan and laminate flooring. Velux window.
BEDROOM THREE: 4.11m x 3.17m Radiator, fitted carpet and fitted desk unit. Four Velux windows.
ENSUITE: Fully tiled shower cubicle, wash basin and low-level dual flush WC combi unit with storage underneath. Extensive wall tiling, extractor fan and ladder style radiator. Laminate flooring.
OUTSIDE: The development benefits from well-maintained communal garden areas, secure basement parking with allocated spaces for each apartment plus extensive external visitors parking.
In addition there is an external lock up store. There is also a good sized storage locker within the parking area within the building, very useful for tools etc.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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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About Ocean Park, Westward Ho!, EX39
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