LOT 8 – FOR SALE BY AUCTION
2 Oceanpoint, Sandy Lane, Woolacombe, Devon EX34 7AY
Guide Price £550,000 – £645,000*
Wednesday 28 October 2026 at 1.00pm – The St James Room, Claridge's, Brook Street, Mayfair, London W1K 4HR
THE TERRACE EVERYONE WANTS – A SEA-VIEW WOOLACOMBE APARTMENT WITH 25 SQ M OF PRIVATE OUTSIDE SPACE, FOUR MINUTES FROM THE BEACH
THE PROPERTY
2 Oceanpoint is a modern two-bedroom duplex apartment built in 2017, one of just 12 homes in a gated, boutique development about four minutes' walk from Woolacombe's three-mile Blue Flag beach. Arranged over two floors, it extends to approximately 896 sq ft (83 sq m) and has something rare in a seaside apartment: genuine private outdoor space on two sides.
On the ground floor, the open-plan kitchen, dining and living room opens straight onto a large south-west-facing terrace of about 25 sq m, looking out along the coast. A private courtyard at the rear adds further outside space, and there is a guest cloakroom. Upstairs, the principal bedroom has an en-suite and a balcony with sea views across the beach to Baggy Point, alongside a twin bedroom and a family bathroom. Underfloor heating is powered by an air source heat pump.
The apartment is currently the owner's home and will be sold furnished with vacant possession. Planning permission allows it to be used as a permanent home or a holiday let, and it has a strong letting track record, with a 4.8-star Airbnb rating from more than 220 reviews. It sleeps up to four.
ACCOMMODATION
Approximately 896 sq ft (83 sq m)
Ground floor
Entrance
Open-plan kitchen, dining and living room
Guest cloakroom/WC
South-west-facing terrace (about 25 sq m)
Private rear courtyard
First floor
Principal bedroom with en-suite and sea-view balcony
Twin bedroom
Family bathroom
Outside and communal
One underground parking space with CCTV and EV charging (2m height limit)
Communal storage
Lift access and gated entrance
HOLIDAY-LET INCOME (ESTIMATED – SELLER'S FIGURES)
2 Oceanpoint is currently owner-occupied, so it has no 2026 trading figures. It has previously been let successfully as a holiday home (4.8 stars, 220+ reviews).
As a guide to achievable income, its sister apartment 9 Oceanpoint (Lot 7), a two-bedroom duplex in the same development, has taken £40,064 in 2026 bookings to date, net of Airbnb's 15.5% host fee – about £47,400 gross. The seller reports that No. 2 has historically let better than No. 9 because of its large terrace, and estimates it could achieve around £3,000 a year more.
Estimated achievable gross booking value: about £47,400 to £50,400 a year
Equivalent gross yield: about 7.3% to 9.2% across the guide range, before running costs
These are estimates based on a comparable apartment, not trading figures for this property. They have not been verified by the auctioneers and are not a forecast. 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 (North Devon Council)
EPC: C
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
1 Oceanpoint (Lot 6) and 9 Oceanpoint (Lot 7) 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.
