Summary - 8 THE QUAY ILFRACOMBE EX34 9EQ
4 bed 2 bath Terraced
Seaside restoration project ideal for over-60s seeking value and coastal living.
Prime quay-side position with harbour and Bristol Channel views
Shell internal condition — full renovation required throughout
Likely un-mortgageable in current state; cash buyers preferred
Homewise Lifetime Lease option for over-60s (illustrative price £217,750)
Spacious rear courtyard with two stone stores for storage or redevelopment
Unknown tenure — legal verification necessary before exchange
Located in a very deprived area with above-average crime statistics
Close to shops, cafes, galleries, beaches and local transport links
Set directly on Ilfracombe’s bustling quay, this four-bedroom, four-storey terraced property offers commanding harbour and coastal views and rare seaside potential for over-60s using the Home for Life Lifetime Lease. The building’s exterior is sound and well maintained, with a sheltered courtyard garden and two stone-built stores that add useful storage or redevelopment scope. All mains services are connected.
Internally the property is a shell with bare stone walls and partial studwork — a blank canvas for a sympathetic restoration or change of use (subject to local consents). Because of its current condition the property is likely un-mortgageable and therefore most suitable for cash buyers or applicants to Homewise’s Lifetime Lease, which typically reduces the purchase cost versus full market value depending on age and chosen share.
Practical drawbacks are clear and factual: the interior needs complete renovation, tenure details are unconfirmed, and the location sits within an area described as very deprived with above-average crime. Prospective buyers should consult North Devon Council planning and building control regarding any commercial/residential change of use and verify all legal details with their solicitor.
This is a specialist opportunity for someone seeking a shoreline restoration project or a retirement home secured via Homewise’s Lifetime Lease (illustrative price £217,750 based on a typical saving). Early inspection and pre-purchase due diligence are recommended to assess scope, costs and feasibility.
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