2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- First floor 2 bedroom flat
- Being sold with tenant in situ
- Giving a gross yield of 7% per annum
- Just yards from Ilfracombe High Street
- Gas heating to radiators
- Double glazing
This property is being sold as an investment opportunity by the vendors with the current tenant being kept in situ. The current rent is £700 pcm giving a gross yield of 7% Per annum.
The property is situated on the first floor and benefits from both double glazing and gas heating to radiators. From living room are great coastal views.
Agents Notes:
Council Tax Band 'A'
All main services connected
We understand there is standard broadband available at 19 Mbps and superfast at 80 Mbps
There is also understand the seller has good mobile coverage via 02.
There is a management company in place 'JM20 Management' with current reserve funds as of 29/02/2024 of £670. The lease remaining is circa 983 years with no restrictions within the lease for either long term, holiday letting or pets being kept. The current maintenance charge is £50 per month and there is no ground rent charge.
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
Places of interest
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*DISCLAIMER
Property reference IFC240030. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Douglas & Dean Letting and Property Management - Ilfracombe.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 29, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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