Probate refurbishment project with long lease and strong rental potential.
Central High Street location, walking distance to harbour and seafront
Set over the first and second floors of a Tudor-style High Street building, this three-bedroom maisonette offers a substantial refurbishment opportunity in the heart of Ilfracombe. The layout includes a lounge, kitchen/dining room, first-floor bedroom and bathroom, with two double bedrooms on the top floor and a total area of about 883 sq ft. Its central location places shops, cafes, the harbour and seafront within easy walking distance.
Important practical considerations: the property requires renovation throughout, there is no central heating system (electric heaters assumed), and the EPC is rated G. Walls are solid brick with assumed no insulation and the flat is sold as a probate sale with limited information available. Crime levels in the area are recorded as above average and the immediate neighbourhood scores as very deprived.
Value drivers include the long lease (c.939 years), sizeable accommodation for the price, and strong seaside location that appeals to both local renters and holiday-focused demand. For an investor or buyer with renovation skills, this maisonette could be converted into comfortable, characterful accommodation or multiple-let rooms subject to consents.
Buyers should factor in refurbishment costs, potential thermal upgrades for solid-wall construction, and installation of a modern heating system. The property’s low guide price reflects its condition and the work required, but also creates scope for uplift after sensible investment.
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