High Street, Ilfracombe, Devon, EX34

Perfect as a low-maintenance conveniently located home, this much larger than most first floor apartment has overall accommodation amounting to 86m2 (926ft2) which is a large, if not larger than a lot of 2 and 3 bedroom houses! The property is ideal as a first time or retirement purchase or as an investment to either use as a second home or as a permanent rental. Indeed, at present, the property is let on an assured shorthold tenancy at a rent of £720 per month (£8,640 per annum) but it is considered that the rent would now be more in the region of £800 per month (£9,600 per annum) which would give a gross yield of 6.4%.

The property has the considerable benefit of its own allocated off-road parking space located at the rear of the building which is a real rarity but huge plus point for homes in central locations. The local amenities including the high street and the sea front are all within easy reach.

This very spacious, light and airy first floor apartment has been converted to a high specification with the communal areas of the building being well-kept. The apartment is one of five units within the building which has an attractive period facade yet provides all the benefits of modern living.

There are communal entrance ways from the front from the high street making access to the shops very easy and from the rear from the communal car parking area and through the attractive and landscaped communal garden. There are attractive and well finished communal hall and stair ways with an original ornate spindle balustrade leading up through the building.

The accommodation comprises a 16ft x 14ft lounge with large bay window and a beautifully fitted kitchen/breakfast room which has an integrated stainless steel oven, hob and extractor canopy. Both the bedrooms are double rooms and the bathroom has been well finished with a modern white suite and tiled walls. Hardwood double glazed sash windows and full gas central heating via an economical Potterton gas fired combination boiler compliment the apartment.

An access road leads from Northfield Road to a communal parking area which has a reserved space for the apartment. From here there are well laid out landscaped communal gardens which comprises a pleasant decked sitting area and adjacent lawn with colourful raised flowerbeds. The gardens are an attractive and rare feature for apartments so close to the High Street and are considered to be a particularly attractive asset.

AGENTS NOTES: The property is leasehold and has the balance of an original 999 year lease which commenced on 1st January 2008. We understand that the ground rent is £50 per annum and the flat is liable for 25% of any outgoings. There is a monthly sum of £75 paid as a service charge. The lease does restrict holiday letting but assured shorthold letting is accepted.
The property is situated immediately next door to our offices in the High Street.