2 bed flat for sale

Runnacleave Road, 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 Over-60s The Lifetime Lease price for this property is £187,500 based on an average saving of 33%.

Market Value Price: £280,000

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 £280,000, please contact the estate agent Webbers.
Property description

Introducing a beautifully finished and well-appointed collection of nine brand newly converted 2 and 3 bedroom apartments, set within an attractive, large stone-fronted Victorian building. With its high ceilings and elegant bay windows, the property retains all the charm of its period origins while offering sleek, contemporary interiors. Currently under construction and due for completion by late summer, these stylish apartments are perfect for those seeking low-maintenance living in a prime coastal location.

Ideal as a first-time purchase, retirement move, holiday home, or buy-to-let investment, these properties are designed to cater to a wide range of buyers. The apartments will be finished to an excellent standard, with modern, well-equipped kitchens, contemporary sanitary ware, gas-fired central heating, and new double-glazed windows. Each unit is complete with quality floor coverings, making them ready for immediate occupation.

The building occupies a central and convenient location, nestled between the High Street and the seafront, providing easy access to all the town?s amenities. Residents will also enjoy pleasant open views over the town and are just a short stroll from the famous Tunnels Beaches with their unique hand-cut Victorian tunnels and tidal sea pool. This popular wedding venue draws many visitors to the area, making these apartments a fantastic option for those looking to tap into the holiday let market.

Each apartment will benefit from a large private store room located in the property?s spacious basement?an especially rare and useful feature in similar properties.

Apartment 1 is located on the ground floor and has the benefit of its own private entrance. There are bright and airy, spacious rooms with high ceilings. The accommodation comprises a delightful open plan living/dining room and kitchen, 2 double-sized bedrooms and a well-appointed bathroom.

Early reservations offer the added benefit of customisation, with a choice of kitchen styles, bathroom fittings, colour schemes, and flooring options, depending on the build stage. For those seeking a seamless move, an optional interior design and furnishing service is also available, providing the opportunity for a stress-free, turn-key purchase.

With new 999-year leases, modern comforts, and a fantastic location close to coastal walks, beautiful scenery, and vibrant local amenities, these apartments offer a unique opportunity to own a stylish home by the sea?whether for personal enjoyment or as a smart investment.

Price list and availability:

Apt 1: Ground Floor 2 bedrooms, ?280,000 (Show Apartment) Service Charge: 1,865.62 pa (12.64%)
apt 2: Ground Floor 3 bedrooms, ?300,000 Service Charge: 1,916.81 pa (12.99%)
apt 3: First Floor 2 bedrooms, ?210,000 Service Charge: 1,310.84 pa (8.88%)
apt 4: First Floor 2 bedrooms, ?210,000 Service Charge: 1,305.05 pa (8.84%)
apt 5: First & Second Floors 3 bedrooms, ?305,000 Service Charge: 1,948.55 pa (13.21%)
apt 6: Second Floor 2 bedrooms, ?210,000 Service Charge: 1,283.31 pa (8.70%)
apt 7: Second Floor 2 bedrooms, ?210,000 Service Charge: 1,393.60 pa (9.44%)
apt 8: Third Floor 3 bedrooms, ?330,000 Service Charge: 2,214.89 pa (15.01%)
apt 9: Third Floor 2 bedrooms, ?255,000 Service Charge: 1,516.69 pa (10.28%)

to book your show home viewing please call us on agents note:
The apartments will be leasehold with a brand new 999 year lease. Each apartment will pay a service charge pro-rata to the floor area of their apartment and associated private store area. Full details of those costs for each apartment are available upon request and can be seen in the availability list above. The developer will retain the freehold for the building until the last apartment is sold, at which point the freehold will be transferred back to the apartment owners to enable them to form their own Management Company. We understand that there will be no restrictions on assured shorthold or holiday letting and that pets will be granted written permission.

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.