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3 bedroom apartment for sale

High Street, Combe Martin, Ilfracombe, Devon, EX34

Sold STC £168,500

Property Description

Key features

  • Freehold investment opportunity
  • currently arranged as 2 individual flats (potential gross income yield in excess of 6.5% each)
  • Each flat has its own individual entrance
  • Potential parking to the rear of the building
  • Double glazing
  • For sale with on onward chain

Full description

Tenure: Freehold

19 High Street, Combe Martin is a terraced freehold house which is currently arranged as 2 self-contained flats having their own individual entrances. The property also shares a parking area to the rear which may be suitable for 2 small cars. The property does require some updating particularly the ground floor flat but once completed would make an ideal investment property with anticipated rental incomes in the region of £425. per calendar month for the ground floor flat and £550. per calendar month for the 2 bedroom top floor flat. There may also be further scope to alter the ground floor accommodation and arrange this as a 2 bedroom flat (subject to any relevant planning permission).

FIRST FLOOR FLAT
is entered from the road side with a door leading straight into an entrance lobby a further door then leads into a second lobby which in turn leads through to a large lounge/dining room. Moving through to the rear of the flat there is an inner hallway with doors giving access to the rear parking area. Doors of from the inner lobby to a downstairs w.c. and door to the opposite side of the hallway leading into the kitchen comprising base and eye level units with adjacent rolled edge work surfaces. Inset stainless steel sink and space for appliances and further room for a cooker. To one side of the kitchen there is an opening leading into a large walk-in pantry. Moving around to the front of the property there is a large bedroom with door leading to an en suite shower room. The layout of the ground floor flat may benefit from some rearrangement and would then work as a 2 bedroom property increasing the rental yield.

The first floor flat is accessed from the rear of 19 High Street via a gateway to a metal outside staircase leading up to the front door. This in turn leads into a large lobby area with access to the bathroom which comprises a white suite with panelled bath, pedestal handbasin, low level w.c. and wall mounted shower, from the lobby there are then 4 steps which lead up to a large central hallway giving access to the remaining accommodation. The lounge is front facing with double glazed bay window looking down the High Street. On the opposite side of the hallway there is a kitchen which benefits from base and eye level units with adjacent rolled edged work surfaces with inset sink , a built-in cupboard housing the hot water tanker and space within the kitchen for a cooker, upright fridge/freezer and washing machine. The accommodation is then completed with one large double bedroom and single second bedroom.
Applicants are advised to proceed from our offices in Ilfracombe High Street in an easterly direction taking the A399 into the village of Combe Martin. Passing the beach on your left hand side continue along the High Street for approximately 3/4 of a mile passing the Pack of Cards Public House on the right hand side. Shortly just further along 19 High Street can be found (also called Sheffield House) on the right hand side as indicated by our 'For Sale' board. We would advise not to use the parking at the rear of the property for the initial viewing, but continue further along and parking at the Adams Hay Car Park.


More information from this agent

Listing History

Added on Rightmove:
26 October 2016

Floorplans

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