4 bed flat for sale

High Street, 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 £97,250 based on an average saving of 33%.

Market Value Price: £145,000

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 £145,000, please contact the estate agent Webbers.
Property description

An exceptional and rare opportunity to acquire a substantial mixed-use property prominently positioned on Ilfracombe?s bustling High Street. This versatile building offers a range of exciting development and investment possibilities, subject to the necessary consents.

At ground floor level, the property features a spacious retail unit currently operating as a temporary pop-up shop, benefiting from excellent frontage and visibility to passing trade.

Above the shop lies a large three-storey building offering immense potential ? Whether as one generous maisonette or conversion into multiple self-contained units, subject to planning. The property is very spacious, providing flexible living accommodation that can be configured to suit a variety of needs. There are also wonderful character features throughout, including large bay windows overlooking the High Street, which flood the rooms with natural light and add to the building?s charm.

To the rear, there are two one-bedroom flats, each with its own independent access to the rear. Planning permission (Ref: 55789) was granted by North Devon Council in 2013 for residential conversion. Both flats are ready to be let out with thee potential rental income in the region of ?500pcm each. Please note that building control sign-off is still required for the completed works.

With its central High Street location, scope for further development, and proven investment potential, this property represents a superb opportunity for developers, investors, or owner-occupiers looking to create something special in the heart of Ilfracombe.

Agents note: Part of the sale there are two self-contained residential flats located to the rear, known as 103A and 103B High Street. Flat 103A is held freehold, while Flat 103B is held on a registered lease dated 4 April 2019 (hm Land Registry Title No. DN625589). The lease is noted as affecting the 103A freehold title and relates to the occupation and use of the rear flats, granting rights of access and use over shared areas and including standard provisions for maintenance and repair. Full details of the lease terms and the relationship between the freehold and leasehold titles are available upon request or can be verified by reference to the official Land Registry entries.

Services: The property has separate gas and electric meters for the properties located at the rear, with four existing electric supplies at the front ideal for conversion into a HMO or one or two self-contained apartments, There is one main water supply for the building. The shop currently has an electric supply only, with no gas, water, or heating installed

Council Tax: Maisonette: A. 103a: A 103b: Tbc

EPC: Maisonette: D. 103a: D 103b: C Shop: C

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.