Montpelier Terrace, Ilfracombe, Devon, EX34

OVER 60s can secure this property with a HOME FOR LIFE from HOMEWISE

Through the Home for Life Plan from Homewise, those AGED 60 OR OVER can purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value.
OVER 60s customers typically save between from 20% To 50%*.

Home for Life Plan guide price for OVERS 60s: The Lifetime Lease price for this property is £67,000 based on an average saving of 33%.

Market Value Price: £100,000

The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard. The plan allows customers to purchase a share of the property value (UP TO 50%) to safeguard for the future.

For an indication of what you could save, please use our CALCULATOR on the HOMEWISE website.
Please CALL for more information or a PERSONALISED QUOTE.
Please note: Homewise DO NOT own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not OVER 60 or would like to purchase the property at the full market value of £100,000, please contact the estate agent Webbers.

PROPERTY DESCRIPTION
FOR SALE BY PUBLIC AUCTION - At The Lantern, High Street, Ilfracombe EX34 9QB - Friday 1st August at 12 noon.

THE PROPERTY WILL NOT BE SOLD BEFORE AUCTION.

YOU MUST REGISTER TO BID PRIOR TO THE AUCTION. YOU WILL ALSO BE REQUIRED TO COMPLETE AND PASS AN ELECTRONIC ID VERIFICATION CHECK. PLEASE CONTACT US AT YOUR EARLIEST CONVENIENCE TO DO THIS. PLEASE DO NOT LEAVE THIS TO THE LAST MINUTE; WE RECOMMEND YOU CONTACT US AT LEAST 48 HOURS PRIOR TO THE AUCTION BUT THE EARLIER THE BETTER.

Substantial Grade II Listed Late Georgian Residence for Renovation & Redevelopment

A rare and exciting opportunity to restore and transform a Grade II listed late Georgian residence, situated within a highly sought-after terrace dating back to circa 1835. Nestled in a prime location close to the town centre, high street, and picturesque seafront, this substantial four-storey property presents a comprehensive renovation and redevelopment project with extensive works required throughout. Some areas of the building are in a state of dereliction, making this a venture suited to experienced renovators with a vision for period restoration.

Historic & Desirable Setting

One of the unique features of this attractive terrace is the large open field positioned directly in front of the row of homes. This green space is privately owned and maintained by various property owners within the terrace, ensuring it remains an unspoiled communal amenity in perpetuity. The residence enjoys stunning, far-reaching views over this field, stretching across the town, out towards Capstone, Hillsborough, and the Bristol Channel, with glimpses of the distant Welsh coastline.

Expansive Accommodation with Redevelopment Potential

With its substantial footprint, including rear extensions, the property offers a versatile layout that can be redesigned and refurbished in multiple ways. There is clear potential to create a spacious 4-5 bedroom family home with generous reception rooms and multiple bathrooms, catering to a large family or dual-family occupancy.

A sizeable rear garden, currently in a natural state, provides ample outdoor space, with a single-storey outbuilding offering further possibilities for storage or potential off-road parking. Additionally, unrestricted parking is available in the road at the front of the terrace.

Important Considerations

Due to its Grade II listed status, all renovation and building works will require Listed Building Consent and must be carried out in a manner that is sympathetic to the period and character of the property. The residence offers a wonderful opportunity to restore a once grand home to its former glory, bringing back the elegance of its late Georgian heritage.

There is a small flying freehold towards the rear of the property. See title register and plan for full details.

However, given the property?s very poor condition, with areas considered potentially dangerous, physical internal viewings are not permitted. The property will be sold as seen, with all existing contents and chattels in situ.

We understand that all mains services are available to the property, but specific current connections would need to be checked and verified with the various utility suppliers.

Prime Coastal & Town Location

Situated just a few hundred metres from the high street, the property is a short and leisurely stroll to the seafront and harbour, placing a wealth of local amenities within easy reach. Families will benefit from the nearby schools for all age groups, while major supermarkets including Tesco, Lidl, and Co-Op are conveniently close.

For those who enjoy the outdoors, the nearby Hillsborough area provides excellent walking trails with stunning coastal scenery, while Larkstone and Rapparee beaches are the closest seaside retreats, with Hele Bay, Wildersmouth, and the iconic Tunnels Beaches also nearby.

For commuters and those needing wider connections, Barnstaple, North Devon?s main centre, is just 12 miles away and offers big-name shops, further education options, and a rail link to Exeter. From there, onward travel to major London terminals is available, along with access to the A361 North Devon Link Road, leading to the M5 at Junction 27.

A Rare & Exciting Development Opportunity

This is a challenging but rewarding project, offering the chance to create a stunning, fully restored period home in a prime coastal location. Not for the faint-hearted, but for the right buyer, it is an exceptional opportunity to breathe new life into this historic residence.

Traditional Auction Information

Please note: this property is for sale by traditional auction. This means that exchange will occur on the day of the auction (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.

Pricing Information

The Guide Price amount specified is an indication of the seller's minimum expectation. It is not necessarily the amount at which the property will sell. The property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Webbers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between information and any the fees stated in the particulars and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

Buyers Premium & Other Charges

The winning buyer is charged a sum of ?3,000 inc. VAT. This is retained by Webbers as a contribution towards auction costs. On completion the Buyer will pay the sum of ?233 inc. VAT to the Seller?s solicitors in reimbursement of search fees as well as a 10% deposit towards the full amount of the property at the point of exchanging contracts upon winning the auction.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.