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9 bedroom detached house for sale

Crofts Lea Park, Ilfracombe, Ilfracombe, North Devon, EX34

Offers in Region of £685,000

Property Description

Key features

  • Three One Bedroom Flats
  • Three Two Bedroom Flats
  • Parking for 6 & Gardens
  • Healthy Rental Income
  • All Well Presented
  • Individual Heating Systems
  • Scope To Extend STPP
  • Sea Views From All Flats

Full description

An excellent residential investment comprising an imposing detached Victorian residence arranged as 6 well presented self contained apartments producing a healthy income. Ample Parking. Scope to extend subject to planning permission. EPC Band D.


Situation And Amenities - In an enviable position with spectacular panoramic sea views, together with open views to Hillsborough, a designated area of outstanding natural beauty, on the outskirts of the town approximately 1/2 a mile from the town centre and only a 1/4 of a mile to the charming sea front and picturesque harbour which is home to Damien Hirst's now famous Verity statue which stands 60 feet tall at the end of the Pier. Within the town there are schools for all ages, a variety of local shops and supermarkets including Tesco and Lidl, the Landmark Theatre and an abundance of fine restaurants and eateries. Other leisure facilities include the hand carved Tunnel Beaches, art galleries and plenty of walking along miles of coastal foot paths enjoying breathtaking coastal scenery. Barnstaple is about 11 miles and as the regional centre, houses the areas main business, commercial, leisure and shopping venues. At Barnstaple there is access to the North Devon Link Road leading on in about 45 minutes to Junction 27 of the M5 Motorway and where nearby Tiverton Parkway offers a fast service of trains to London Paddington in just over 2 hours. About 20 minutes by car is the famous safe, sandy, surfing beach of Woolacombe and a similar distance is Exmoor National Park.

Description - On the market for the first time in 34 years, Colesbourne House comprises a substantial detached 4 storey Victorian property which presents elevations of brick, render and stone with some fish scale tile hanging with double glazed windows, all beneath a tiled roof. We understand that the property was originally built in 1898 for a Bristol Merchant as a holiday home but in more recent history has been converted in to 6 self - contained apartments. At lower ground or garden level is a two bedroom owner's unit, at ground level there are two one bedroom units. At first floor level there is one one bedroom and one two bedroom unit and the second floor comprises one two bedroom unit. Externally there is a communal laundry room and well tended gardens as well as parking for 6 vehicles and potential for 8.

Planning Potential And The Business - There appears to be potential for the following scenarios;
1. For the apartments to be sold off individually on long leases.
2. To convert the top floor from one two bedroom flat to two studios, as it has been previously.
3. To add wings or attached new dwellings to either side of the property as there are local precedents.
All of these scenarios would be subject to obtaining satisfactory planning consent.
The property is currently run as a residential investment with the owners living in the lower ground floor and the other 5 apartments let on Assured Short Hold Tenancies. The tenants are generally long standing and would ideally like to remain in residence, subject to a purchaser's requirements. The property currently produces income of around £28,000 per annum but if the building was remotely operated, the owner's accommodation could be included with potential to turnover a forecast of around £36,500 per annum. Furthermore, there may be potential to run the building as holiday lets instead or a combination of both AST's or holiday lets.

Flat 1 - Ground Floor - BED/SITTING ROOM bay window to front. EN-SUITE SHOWER ROOM with shower cubicle, pedestal basin, low level WC, cupboard housing hot water cylinder, double built in wardrobe, multi paned glazed door to KITCHEN/DINING ROOM single drainer stainless steel sink unit, drawers and cupboards beneath, further work surfaces, cupboards and appliance space under, Hot Point electric cooker, sea views.

Flat 2 - Ground Floor - LIVING ROOM/KITCHEN single drainer stainless steel sink, adjoining work surfaces, appliance space under, electric cooker point, bay window, sea views central island, drawers and cupboards under, ornate plaster ceiling rose. BEDROOM with built in wardrobe and cupboard, electric wall heater. EN-SUITE SHOWER ROOM with cubicle, low level WC, pedestal wash basin.

Flat 3 - First Floor - ENTRANCE HALL. BED/SITTING ROOM with bay window to front, range of fitted wardrobe cupboards, cupboard housing hot water cylinder, Ariston water tank. KITCHEN/DINING ROOM fine sea views, single drainer stainless steel sink unit, drawers and cupboards under, Creda Hot Point cooker, further work surfaces, drawers and cupboards beneath, matching wall mounted cupboard, space for fridge. SHOWER ROOM with tiled cubicle pedestal basin, low level WC, mirror fronted medicine cabinet.

Flat 4 - First Floor - ENTRANCE LOBBY, SHOWER ROOM with cubicle, wash hand basin. SEPARATE WC with original high level toilet. LIVING/KITCHEN/DINING ROOM fine sea views, single drainer stainless steel sink, adjoining work surfaces, drawers and cupboards under, Creda electric cooker, electric wall heater. BEDROOM 1 sea views, electric wall heater. BEDROOM 2 window to front, electric wall heater.

Flat 5 - Second Floor - ENTRANCE HALL cupboard housing pre-lagged cylinder. RECEPTION ROOM with sea view and meter cupboard, electric wall heater. KICTHEN/DINING ROOM with sea views, single drainer stainless steel sink, adjoining work surfaces, drawers and cupboards under, appliance space, matching wall mounted cupboards, Creda oven and extractor hood, breakfast bar, electric heater. INNER LOBBY coat pegs. BEDROOM 1 electric wall heater, BEDROOM 2. BATHROOM with tiled panelled bath, pedestal basin, low level WC, built in double shelved storage cupboard. SEPARATE SHOWER ROOM with shower cubicle, wash hand basin, low level WC and medicine cabinet.

Owner's Unit - Lower Ground Floor - ENTRANCE HALL. LIVING ROOM with bay window and fine sea views, built in storage cupboard, shelved recess and cupboard under. STUDY AND ACCESS TO GALLEY KITCHEN, single drainer, stainless steel sink unit, adjoining work surfaces, drawers, cupboard and appliance space under, Matching wall mounted cupboard, Hot Point cooker and hob. Hygena electric oven. LAUNDRY ROOM/DOUBLE GLAZED CONSERVATORY with work surface, drawers and cupboards under, stainless steel sink, Worcester wall mounted gas fired boiler for central heating and hot water only (this unit only) plumbing for washing machine, shelved storage cupboard. BEDROOM 1 range of fitted wardrobes to 2 walls. BEDROOM 2 double glazed door to garden, shelved storage cupboard, corner shower cubicle. BATHROOM with panelled bath, telephone style mixer tap/shower attachment, folding shower screens, low level WC, pedestal wash basin, mirror fronted medicine cabinet, tiled walls.
OUTSIDE - The front garden is mainly gravelled parking, there is access at both sides of the property to the rear garden which is well stocked, well maintained and bounded by hedging and fencing. There are 2 TIMBER GARDEN SHEDS and a SUN TERRACE.
SERVICES - All mains services connected. Gas fired central heating to the owners accommodation. Electric central heating, economy 10, to all the other units apart from Flat 2. CCTV in place.

Directions - Leaving Ilfracombe in the direction of Combe Martin pass Lantern Court ( the McCarthy and Stone Retirement Flat Development) on the left hand side. At the traffic lights turn right in to the New Barnstaple Road, continue up the hill and follow the road around the sharp left hand bend. Continue along this road for about 200 yards and just before Crofts Lea Park on your left, the property will be seen also on the left identified by our For Sale board.

These particulars are a guide only and should not be relied upon for any purpose.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
15 April 2016

Map & Street View

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