Summary - Oxford Grove, Ilfracombe, EX34 EX34 9HQ
1 bed 1 bath Apartment
Coastal one-bedroom with long lease and lifetime-lease option for over-60s.
- First-floor one-bedroom with channel and Capstone Hill views
- Long lease: 966 years remaining (started 1988)
- Homewise Lifetime Lease example price from £58,250 for age 60+
- Market value listed at £87,000; full-price purchase possible
- Service charge £45/month (£540pa) covers insurance and repairs
- Compact modern kitchen; small footprint (approx 564 sq ft)
- Modern shower room; gas heating and double glazing
- Area rated very deprived and crime above average
This bright first-floor one-bedroom apartment sits a short walk from Ilfracombe’s High Street and harbour, offering wide views across the Bristol Channel and Capstone Hill. The living room is roomy enough for seating and a small dining area; the double bedroom has two windows and built-in storage. The fitted kitchen is compact but modern and the shower room is recently updated.
The property is offered with a Homewise Home for Life Lifetime Lease example price of £58,250 (typical saving vs market value £87,000 depends on age and circumstances). The Lifetime Lease option is only available to buyers aged 60+, who can also buy up to a 50% share to safeguard capital. If you are not eligible for Homewise terms you can purchase at the full market price.
Practical aspects are straightforward: a long lease (started 1988; 966 years remaining) and a service charge of £45 per month (£540pa) which covers building insurance and communal repairs. Note local factors that may affect suitability: the area is classed as very deprived and recorded crime rates are above average. Broadband speed is average while mobile signal is excellent. The compact kitchen and communal setting suit someone seeking low-maintenance coastal living rather than a large family home.
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