3-bedroom flat · EX34 7DH
Listing removedListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in one of Woolacombe's prime locations with breathtaking panoramic coastal views is this simply stunning duplex apartment. Two sea facing balconies & allocated parking for 2 vehicles.
Panorama is a luxury development of 5 apartment constructed approximately 6 years ago to a high standard and come with the remainder of a 8 year LABC warranty.
The building sits in one of Woolacombes prime locations being just set back from the main Thorofare in an elevated position yet being just yards from Woolcombe world famous surfing beaches and village amenities.
The breathtaking views are hard to beat from this building stretching from Hartland point, Baggy point taking in Lundy island around to Morte point..
This duplex apartment is one of the largest currently for sale within the area measuring approximately 118 sqm of floorspace.
The property is entered via a communal entrance to the rear with access into the apartment on this floor.
The large hallway gives access to all rooms on this floor with two double bedrooms, one having access to the rear courtyard.
There is the family bathroom and then at the heart of this property an impressive open plan living/dining kitchen space with bow window and doors, from every angle there are sea views.
doors lead out onto a sizable terrace which is ideal for al fresco dining, entertaining and watching the beautiful sunsets. Stairs then lead down to the principle bedroom suite.
This is a truly impressive room, having a central bed space looking directly out towards the sea and double doors opening onto the balcony.
Within this room are a range of built in wardrobes and huge en-suite with both bath and shower. Outside and to the front of the building are 2 allocated parking n spaces for apartment 2.
Panorama is a truly impressive building for both its finish and unrivalled views. We would highly recommend watching the property video which can be found within the photos on Rightmove.
Agents Notes: The furniture is available by separate negotiation and may suit a purchaser looking at a turnkey operation, holiday letting figures available upon request.
The property has the remainder of a 999 year lease which commenced January 2020.
The current service charge is £140 per month (£1,680 per annum) which includes cleaning of the communal areas and building insurance. Turners Property Management oversee the running of the building.
The freehold is vested within the management company known as Panorama (Woolacombe) Ltd which is made up of the 5 apartment owners. There are no restrictions on holiday or assured shorthold letting.
Pets are allowed within the building with written consent from the management company (such consent would not be unreasonably withheld.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Panorama, Rockfield Road, Woolacombe, North Devon, EX34
Explore nearby