1-bedroom flat · EX34 9BJ
Listing removedListed 572 days
Opportunity summary
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About
This modern and stylish first floor apartment is positioned just 50 meters from the sea and Ilfracombe's popular Quay.
Being only 0.5 miles to Tunnels Beach and wedding venue, a 9 minute drive to award-winning Sandy Cove wedding venue and just a 15 minute drive to Woolacombe, this apartment puts you in a prime spot to access the best parts of the local area with ease.
Recently refurbished to a high standard with bespoke wood panelling and harbour style lighting design.
The open-plan living area and kitchen is the perfect hub for evenings in the accommodation, and the double bedroom is tastefully decorated and makes for a relaxing place to unwind.
This property will be perfect for any holiday let investors as it already has booking for 2025.
With a double sofa bed as well as a double bed in the main bedroom, it can accommodate up to four guests.
Ilfracombe town offers a variety of independent shops, theatre, art galleries, restaurants and bars, plus seasonal festivals and recreational activities.
The picturesque seafront and harbour area is home to artist Damien Hirst's iconic ‘Verity’ statue at the harbour entrance.
In addition is the exciting new water sports centre and café making the harbour 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.
For a change of scenery Exmoor National Park offers breath taking rolling countryside, perfect for avid walkers.
Kitchen/Living Area (5.27 x 4.20 (17'3" x 13'9")) This immaculately presented open-plan living area seamlessly combines a lounge, modern fitted kitchen, and dining space.
The lounge offers ample room for free-standing furniture, a wall-mounted TV, a large sash window that fills the space with natural light, a wall-mounted gas radiator, and full carpeting for comfort.
The stylish kitchen features matching wall and floor units, an integrated four-ring electric hob with an extractor fan, an integrated electric fan oven, a stainless steel sink, an integrated dishwasher, a free standing fridge-freezer, and durable vinyl laminate flooring.
The dining area accommodates a dining table and is enhanced by a large sash bay window, creating a bright and inviting atmosphere.
Bedroom (4.16 x 2.47 (13'7" x 8'1" )) A stylish and spacious double bedroom with bespoke lighting design and built-in clothes rail that offers ample space for free-standing furniture.
The room is enhanced by a large sash window that fills the space with natural light, a wall-mounted gas radiator for comfort, and full carpeting throughout, creating a warm and inviting atmosphere.
Bathroom (2.47 x 1.76 (8'1" x 5'9")) This beautifully designed two-piece suite features a bath with a tiled splashback and an overhead shower, complemented by a sleek sink basin with a convenient storage cupboard below.
Additional highlights include a wall-mounted heated towel rail, a sash window that enhances natural light, an electric extractor fan and stylish wood laminate flooring throughout.
Wc (1.85 x 0.84 (6'0" x 2'9")) This well-presented two-piece suite includes a toilet and sink basin, complemented by wood laminate flooring and a UPVC double-glazed obscure window for privacy and natural light.
Agent Notes This property has 999 year lease that started in 2012. £80 per month service charge. Set up as a holiday let business that is currently making between £8000-£10,000 annually.
It is exempt for council tax for this reason. EPC to be confirmed. We have been informed by the vendor that gas, electric, water and drainage are all mains connected.
To comply with the property mis-descriptions act we must inform all prospective purchasers that the measurements are taken by an electronic tape measure and are provided as a guide only.
We have not tested any mains services, gas or electric appliances or fixtures and fittings mentioned in these details, therefore, prospective purchasers should satisfy themselves before committing to purchase.
Directions From our office head north east on the High Street/A361 towards oxford grove and then turn left on Fore Street.
In 463ft turn left onto Sommers Crescent and at the end of the road, turn left onto St James Place. In 0.1 Miles the property will be on your left hand side.
I would recommended to park at Ropery Road car park where the property will be a short walk away.
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 Flat 1, 17A, St. James Place, Ilfracombe
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