2-bedroom flat · EX39 1HY
Listing removedListed 251 days
Opportunity summary
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About
NO ONWARD SALES CHAIN!!! A gas centrally heated 2 bedroomed upper floor flat needing improvement with superb coastal views and parking.
Kipling Terrace and Court was originally constructed circa 1865 as the United Services College, where Rudyard Kipling was schooled, and latterly was converted into separate houses split into individual apartments.
The Grade II Listed terrace, being of architectural and historical importance, sits in a prominent and elevated position, within easy reach of the village amenities, and affords spectacular coastal views.
Located on the upper floor of the building, the apartment boasts gas fired radiator central heating, but is in need of improvement as an internal inspection will reveal.
Briefly the accommodation provides a communal entrance leading up to the upper floor accommodation comprising of an entrance hall, off of which is a generous sized living room, which boasts spectacular views over Westward Ho!
and out to sea. Additionally there is a kitchen with fitted units, a bathroom and 2 bedrooms - the largest bedroom having similar views to the living room. Westward Ho!
is a very popular North Devon coastal village, with a good selection of local amenities, along with its long golden sandy Blue Flag beach, adjoining the pebble ridge, and the Royal North Devon Golf Club.
Just a short drive away is the working port and market town of Bideford, located on the banks of the River Torridge, with an excellent range of facilities including schooling for all ages, a range of shops, and a selection of leisure amenities.
Appledore, a former fishing village with its quaint narrow streets and quay is just a few minutes away by car.
Accessible via the A39/North Devon Link Road is Barnstaple, North Devon's Regional Centre, which houses the areas main shopping business and commercial venues, where fast access is available via the A361 to Junction 27 of the M5, part of the National Motorway Network.
Entrance Hall - Living Room - 4.78m max x 4.01m max (15'8" max x 13'2" max) - Kitchen - 2.51m max x 2.49m max (8'3" max x 8'2" max) - Bedroom 1 - 4.01m max x 2.87m min (13'2" max x 9'5" min) - Bedroom 2 - 2.74m x 2.29m (9' x 7'6") - Bathroom - 2.29m x 1.68m (7'6" x 5'6") - The apartment has its own conveniently located parking space.
- “Right to park one private vehicle in a car parking space in the curtilage of the building which shall be allocated by the lessor”.
AGENTS NOTE - The property is held on the balance of a 999 year lease granted from 7th July 1983. Ground rent is payable at a sum of £12pa.
The property is liable for a service charge of £145.18 per calendar month to cover the upkeep and maintenance of communal parts, and building insurance for the property.
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.
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About Kipling Terrace, Bideford
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