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Atlantic Court, Northfield Road, Ilfracombe, Devon, EX34 8FG

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Tenanted Investment Opportunity
  • Two Bedroom Apartment
  • Purpose Built Development
  • One Bathroom
  • Popular Coastal Location
  • Close To Ilfracombe Town Centre
  • Easy Access To Local Amenities
  • Near the North Devon Coastline

Description

An excellent opportunity to acquire this fantastic two bedroom apartment within the purpose built Atlantic Court development, situated on Northfield Road in the popular North Devon coastal town of Ilfracombe. The property provides well proportioned accommodation comprising two bedrooms, one bathroom and one reception room. The purpose built development provides a convenient residential setting, while the property's location allows easy access to the amenities, coastline and attractions for which Ilfracombe is renowned.

Ilfracombe is a popular and well established coastal town on the North Devon coast, famous for its picturesque harbour, dramatic coastline and attractive combination of traditional streets, independent shops, cafés, restaurants and leisure facilities. The town provides excellent access to coastal walks, beaches and the wider North Devon countryside, with Ilfracombe Harbour and the seafront forming major focal points for both residents and visitors.

The town is also benefiting from ongoing regeneration and investment, with the Ilfracombe Regeneration Board overseeing projects designed to improve the town's prosperity, environment and overall wellbeing. Regeneration priorities include improvements to the town centre and harbour, housing, economic development and initiatives designed to encourage further private-sector investment. Wider investment across Devon and North Devon includes housing and regeneration schemes aimed at bringing underused buildings back into productive use, alongside projects associated with Ilfracombe Harbour, South Quay, harbour infrastructure, watersports facilities, Larkstone Cove and the Ilfracombe Healthy Homes programme.

Financial Breakdown

Gross Rent: £9,000.00
Net income: £7,368.00
Gross yield: 6.92%
Net yield: 5.67%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-08624
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Atlantic Court, Northfield Road, Ilfracombe, Devon, EX34 8FG

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Affordability

Monthly repayments£630
Property: £ 130,000
Deposit: £ 13,000
Interest rate: 5.02%
Term: 30 years
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About yieldit, Manchester

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Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-08624. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.