3 bed link detached house for sale

Watermouth 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 £124,000 based on an average saving of 33%.

Market Value Price: £185,000

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 £185,000, please contact the estate agent Webbers.
Property description

For sale by online auction: Wednesday 10th December at 12 noon.
The property

The property has been used in the past for a variety of purposes including a guest house, restaurant, tea room and in more recent years has been used as a large freehold freehouse/restaurant and a private home. The buiding is now vacant and is in need of some modernisation and renovation works.

Planning permission was granted on 5th December 2023 for the conversion and change of use of the bar and restaurant to form two individual residential apartments thus giving the property plenty of scope for significant redevelopment. The consented planning provides for two large 2 bedroom maisonettes each with their own areas of garden/outside space. There is also potential to obtain consent for the property to become one large single residential dwelling as well if desired but this would require a fresh application to the Local Authority.

At present, the building is arranged with accommodation over three floors. The ground floor is the commercial space and comprises what was a 24 seater restaurant area with a large through bar, with public toilets, a commercial kitchen and freezer room. The private accommodation is located on the upper floors. On the first floor there are three bedrooms (two with en-suite facilities, one with a dressing room), a guest bathroom and to the rear there is a 20ft lounge and a private kitchen. On the top floor level there is a further bedroom/games room with sea views. In total, there is approximately 319m2 (3,434ft2), of floor area within the property. (Floor area taken from the EPC).

In all, the property occupies a large plot of approximately 0.19 acres with amenity spaces immediately adjacent to the building in the form of courtyards, patios and a couple of balconies at the rear. There is a very large albeit steep and overgrown rear garden which extends away from the property and up over the side of the hill. Furthermore, there is a store shed and useful addtional detached single storey office building come store with a wc to the rear as well.
Location

Fronting the main Eastern approach road into the resort of Ilfracombe within the popular hamlet of Hele, the subject premises are in a prime position for passing trade. The property is within a short distance of the picturesque Hele Cove and beach, large public car park and un-restricted parking on the main roadside. The town of Ilfracombe is approximately 1 ? Miles away and offers a host of tourist facilities including beaches, tennis courts, gift shops and of course the harbour. Ilfracombe has undergone much inward investment in recent years including a Wetherspoon?s Public House, a Tesco?s, a Lidl?s and Co-Op supermarkets. The world renowned artist Damien Hirst has given on loan to the town a statue called ?Verity? Which is located on the pier which has attracted thousands of day visitors to the resort. There are schools for all ages, a Medical Centre and Hospital and the usual facilites you would expect to find in a good-sized town.

All mains services are available. The property is subject to business rates and council tax currently.
The rateable value of the commercial element is ?9,800 per annum and the council tax is band A.

EPC: C

Traditional Online Auction Information

Please note: This property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (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 each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each 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 and Bamboo Auctions 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 the fees stated in the particulars, the bid information box or the bidding confirmation pop up 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.

Buyer?s Premium & Other Charges

The winning buyer is charged a sum of ?5,000. From this a buyers fee of ?3,960 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and ?1,040 is payable towards the purchase price. On completion the Buyer will pay the sum of ?468.99 (including vat) to the Seller?s solicitors in reimbursement of search fees.

Seller's solicitor

Marius Nel
Brewer Harding & Rowe Solicitors llp
6/8 Caen Street
Barnstaple
Devon
EX34 1AA

Email:
Tel: 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.