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About This Property

Discover what makes this home special

Plot 12 at Lee Bay offers a beautifully designed two-bedroom duplex apartment nestled in the scenic coastal village of Lee, North Devon. This contemporary home boasts a spacious open-plan kitchen, dining, and living area on the first floor with direct access to a private terrace, ideal for enjoying the tranquil surroundings. Upstairs, two well-proportioned bedrooms and two bathrooms provide comfortable living spaces, with a study/store room adding versatility. The property benefits from stunning views and proximity to the National Trust land, making it perfect for nature lovers and those seeking a peaceful retreat.

Situated within easy reach of Ilfracombe and Barnstaple, this apartment combines rural charm with accessibility. The development includes communal gardens and ample parking, enhancing community living while maintaining privacy. With excellent natural light and a south-east facing aspect, the apartment enjoys good sunlight throughout the day, creating a warm and inviting atmosphere.

Property Features

This two-bedroom duplex apartment features a modern open-plan kitchen, dining, and living area that opens onto a private terrace, perfect for indoor-outdoor living. The upstairs accommodates two bedrooms and two bathrooms, including a family bathroom and an en-suite shower room. A study/store room provides additional functional space. Residents benefit from communal gardens and allocated parking. The south-east facing aspect ensures good natural light, enhancing the living experience.

Two BedroomsTwo BathroomsDuplex LayoutPrivate TerraceOpen-Plan LivingStudy/Store Room+3

Local Amenities

Lee Bay is a picturesque coastal village offering immediate access to stunning beaches and National Trust countryside, ideal for outdoor enthusiasts. Nearby Ilfracombe provides a range of amenities including shops, restaurants, and healthcare facilities. Educational needs are served by reputable local schools such as Ilfracombe Academy and Pilton Bluecoat C of E Junior School. Public transport options are limited but available, connecting residents to Barnstaple and beyond. The area combines rural tranquility with essential services within a reasonable distance.

Ilfracombe Town CentreLee Bay BeachBarnstaple ShoppingLocal PubsNational Trust TrailsSchools (Ilfracombe Academy+3
Barnstaple Railway Station Train Station (6.5 miles, 15 mins drive) • 1h 15m to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£695,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£290/mo
Estimated Ground Rent£23/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£695,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£290/mo
Estimated Ground Rent£23/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Appealing coastal location
Limited public transport connectivity
Good potential for holiday rental

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£695,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£290/mo
Estimated Ground Rent£23/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
4.6%
Based on £2,664/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£698,482
+£3,482 projected gain
5-Year Rent Forecast
£3,272/mo
Based on 4.2% annual growth
Price per Sq Ft£927
Annual Rent Income£31,968
10-Year ROI184%
Break-Even Point24 yrs

Property Value Projection

Based on 0.1% annual growth
£698,482
5yr
£701,981
10yr
£705,498
15yr
£709,033
20yr
£712,585
25yr
Current: £695,000

Monthly Rental Income

Based on 4.2% annual growth
£3,272
5yr
£4,020
10yr
£4,938
15yr
£6,066
20yr
£7,451
25yr
Current: £2,664/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Floorplan

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Exeter St Davids
1h 15m
1h 10m
Bristol Temple Meads
2h 30m
2h 15m

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
6h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Kitchen/Dining/Living
Morning Excellent
Afternoon Good
Evening Low
Bedroom 1
Morning Good
Afternoon Moderate
Evening Low
Bedroom 2
Morning Moderate
Afternoon Good
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
50
Bike Score
Bikeable
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£695,000
AvailableNB0000006095
View Location Analytics

Plot 12, Lee Bay, North Devon, North Devon

Lee, Ilfracombe, North Devon, North Devon EX34 8LR
Lee Bay, North Devon
2
Bedrooms
2
Bathrooms
750
Est. Sq ft
apartment
Type
Available Plot Numbers
12
1 plot(s) available
Ownershipleasehold

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£695,000Plot 12, Lee Bay, North Devon, North Devon

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Plot 12, Lee Bay, North Devon, North Devon
Plot 12, Lee Bay, North Devon, North DevonLee, Ilfracombe, North Devon£695,000

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