Oceanpoint, Sandy Lane, Woolacombe, Devon

LOT 6 – FOR SALE BY AUCTION
1 Oceanpoint, Sandy Lane, Woolacombe, Devon EX34 7AY
Guide Price £575,000 – £675,000*
Wednesday 28 October 2026 at 1.00pm – The St James Room, Claridge's, Brook Street, Mayfair, London W1K 4HR

SEA VIEWS, A SUN-TRAP TERRACE AND A PROVEN HOLIDAY-LET INCOME – FOUR MINUTES' WALK FROM ONE OF BRITAIN'S BEST BEACHES

THE PROPERTY
1 Oceanpoint is a contemporary three-bedroom duplex apartment in a gated, boutique development of just 12 homes, about four minutes' walk from Woolacombe's three-mile Blue Flag beach. Built in 2017 and arranged over the ground and first floors, it extends to approximately 1,033 sq ft (96 sq m). The living space, every bedroom and the large south-west-facing terrace all have sea views, and the terrace catches the sun through the afternoon and into the sunset.

The ground floor centres on an open-plan kitchen, dining and living room with built-in appliances and a breakfast bar, opening straight onto the terrace. Upstairs, all three bedrooms open onto a sea-view balcony. The principal bedroom has an en-suite, and there is a separate shower room. Underfloor heating is powered by an air source heat pump.

Planning permission allows the apartment to be used as a permanent home, a second home or a holiday let. It is a ready-made, turnkey holiday let – sold furnished, rated 4.81 stars from more than 250 Airbnb reviews and sleeping up to eight.

ACCOMMODATION
Approximately 1,033 sq ft (96 sq m)

Ground floor
Entrance hall
Cloakroom/WC
Open-plan kitchen, dining and living room with built-in appliances and breakfast bar
Private south-west-facing sea-view terrace

First floor
Principal bedroom with en-suite and balcony access
Bedroom two with balcony access
Bedroom three with balcony access
Shower room

Outside and communal
Two underground parking spaces with CCTV and a dedicated EV charger
Surfboard and wetsuit store with outdoor shower
Lift access and gated entrance

OUTSIDE
The large south-west-facing terrace opens straight off the living space. It has room for outdoor seating and dining, glass balustrading that keeps the view clear, and a covered area next to the apartment.

HOLIDAY-LET INCOME (SELLER'S FIGURES)
The apartment trades through Airbnb, which charges a host fee of 15.5% of the booking value.
2026 bookings to date (paid and upcoming): £44,069 net of the 15.5% Airbnb fee
Equivalent gross booking value: about £52,150
Gross yield: about 7.7% to 9.1% across the guide range, before running costs
The seller expects further late bookings for October to December 2026.
Airbnb performance screenshots are available to bona fide buyers on request. Figures are supplied by the seller, have not been verified by the auctioneers and are not a forecast of future income. Buyers should allow for service charge, cleaning, utilities, business rates, maintenance and management costs, and take their own advice.

LOCATION
Woolacombe is one of the UK's best-loved seaside villages, and its three miles of golden sand regularly rank among the country's finest beaches. The village has cafés, restaurants, surf schools and shops. The surrounding coast is an Area of Outstanding Natural Beauty crossed by the South West Coast Path. Barricane Beach, a sheltered shell cove, is at the northern end of the village, and Putsborough is at the southern end of Woolacombe Sands. Mortehoe, Baggy Point, Croyde, Saunton Sands, Braunton and Ilfracombe are all within easy reach, with Exmoor beyond.

Beach: Woolacombe Beach about 0.2 miles (4 minutes' walk)
Rail: Barnstaple station about 13 miles (Tarka Line to Exeter St Davids)
Road: A361 North Devon Link Road to the M5 at Junction 27

Nearby schools include Woolacombe School (ages 2–11, rated Good by Ofsted), Braunton Academy (ages 11–16, rated Good) and West Buckland School (independent, ages 3–18).

TENURE AND OUTGOINGS
Tenure: Leasehold, 999 years from 2017, with a 1/12th share of the freehold
Service charge: £2,340 per annum
Council tax: business rated as a holiday let (North Devon Council)
EPC: B
Heating: underfloor heating via air source heat pump
Services: mains water and electricity

HOLIDAY LETS AND BUSINESS RATES
To remain assessed for business rates rather than council tax, a holiday let in England must generally be available to let for at least 140 days a year and actually let for at least 70 days. A property used as a second home may be subject to a council tax premium. Buyers should confirm the position for their intended use with North Devon Council and check the lease for any restrictions.

ALSO AVAILABLE
9 Oceanpoint (Lot 7) and 2 Oceanpoint (Lot 8) in the same development are offered as separate lots – an opportunity to build a Woolacombe holiday-let portfolio.

VIEWING
Strictly by appointment with Palace Auctions.

AUCTION TERMS
Auction: Wednesday 28 October 2026 at 1.00pm, The St James Room, Claridge's, Brook Street, Mayfair, London W1K 4HR
Bidding in the room, online, by telephone, by proxy or by email. Unless sold prior.
Contracts are unconditional and exchange on the fall of the hammer
Deposit: 10% of the purchase price, payable on exchange
Buyer's premium: 1% of the purchase price, minimum £2,000 + VAT
Contract documents charge: £850 + VAT
Completion as set out in the Special Conditions of Sale
All bidders must register in advance and complete ID and anti-money-laundering checks. Online bidders must pay a £2,000 security deposit before the auction.

OFFERS BEFORE AUCTION
The seller may consider acceptable offers before the auction day. Any sale agreed early will also be on auction contract terms.

IMPORTANT
Buyers must read the legal pack, the Common Auction Conditions, the Special Conditions of Sale and any addendum, and take advice from a solicitor before bidding. Buyers should budget for Stamp Duty Land Tax, including any higher rates for additional dwellings. Palace Auctions has not tested any services, appliances or installations.

CONTACT
Edward Swindells, Auctioneer · Tom Barrett, Sales Director · Bridgett D Dickens, Senior Negotiator
Palace Auctions London – please contact us through Rightmove or visit palaceauctions.com

*A guide price is not a valuation. It indicates the seller's current minimum acceptable price at auction. The reserve will not exceed the top of the guide range. The guide and reserve may change up to auction day.