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Church Road, Ilfracombe £357,500

Sold STC
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    Church Road
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    Church Road
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    Church Road

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  • Well maintained block of five apartments
  • Situated in a sought after street
  • Presents a return of 7% on your investment
  • Period property with many original features
  • Front and rear garden

CALLING ALL INVESTORS!
A rare opportunity to purchase a well maintained block of five apartments, on a sought after residential street in Ilfracombe. The property comprises two bedsits, three one bedroom apartments and currently attains just over £26,000 in rental income per annum, presenting a return of just over 7% on your investment. The property also benefits from a privately rented garage, large rear garden with separate access and tidy communal areas. The block also adheres to all H&S, fire and legislative regulations for a block of apartments.

Communal Entrance
The ground floor entrance allows access to all five dwellings within the residence. The hallway also houses the electric meter, integrated fire alarm system and fire alarm logbook.

Flat 1
Occupying the front of the ground floor, this bedsit benefits from high ceiling and the large, original sash windows. The current tenant has occupied the property since January 2021 and currently pay £375 pcm in rent. EPC Rating: E

Flat 2
The second apartment is located at the rear of the ground floor. This spacious one bedroom dwelling benefits from sole use of the rear garden. The current tenant has occupied the property for two years and currently pays £500 pcm in rent. EPC Rating: D

Flat 3
The third apartment, currently a bedsit, looks out over the rear garden and benefits from an abundance of light. The long standing tenant has occupied the property since 2017 and pays £365 pcm. EPC Rating: To follow.

Flat 4
A large one bedroom apartment with windows to the front elevation of the property. Benefitting from an abundance of natural light from the bay window. The current tenant has occupied the property for the past two years and currently pays £425 pcm. EPC Rating: E

Flat 5
The fifth flat occupies the top floor of the property. The one bedroom dwelling has had a long standing tenant in situ since 2013. In need of some modernisation, the current occupant pays £425 pcm in rent. EPC Rating: To follow

Garage
The single garage is also rented out to a long term tenant at a cost of £60 pcm. The garage has wooden double doors and a flat roof.

Gardens
The small front garden to the property features a small driveway leading to the garage. The rear garden can be accessed via Flat 2, or from the access track along the rear of the property. The area could be reconfigured to make best use of the space.

Directions
From our office proceed in a westerly direction. Take a right hand turn on to Northfield Road. At the traffic lights turn left and carry on past Lidl. Take a right on to Brookdale Avenue, then an immediate left on to Church Road and number 17 will be on your left hand side.

Agents Notes
We have been informed by the vendor of the following: Gas, electric, water and sewerage are all mains connected. All dwellings have had Electrical Installation Condition Reports conducted and come with Energy Performance Certificates.
To comply with the property misdescriptions act we must inform all prospective purchasers that the measurement are taken by an electronic tape measure and are provided as a guide only, they should not be used as accurate measurements. We have not tested any mains services, therefore prospective purchasers should satisfy themselves before committing to purchase.


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EPC

No EPC available

Floorplans (Click to Enlarge)

Church Road
Ilfracombe, Devon EX34 8BZ
County: Devon
Sale Type: Sold STC
Ref #: 30808860