Free Preview Used

You've used your free preview. Sign up to continue exploring properties!

About This Property

Discover what makes this home special

Plot 6 at Lee Bay in North Devon offers a charming one-bedroom apartment perfectly suited for those seeking a coastal lifestyle with modern comforts. This thoughtfully designed ground floor apartment features a spacious open-plan kitchen, dining, and living area that opens onto a private terrace, ideal for enjoying the tranquil surroundings. The bedroom is well-proportioned and complemented by a contemporary bathroom, making this an excellent choice for first-time buyers, holiday home seekers, or investors looking for a property with strong rental appeal.

Situated in the picturesque village of Lee, just a short drive from Ilfracombe, this apartment benefits from stunning natural surroundings including access to National Trust land and communal gardens. The location offers a peaceful retreat while still providing access to essential amenities and transport links to nearby towns and cities, making it a balanced blend of rural charm and practical living.

Property Features

This apartment boasts a modern open-plan kitchen, dining, and living space designed to maximise natural light and functionality. The private terrace extends the living area outdoors, perfect for relaxation or entertaining. Residents also benefit from well-maintained communal gardens and the unique advantage of adjacent National Trust land, offering scenic walking routes and a connection to nature. The bathroom and bedroom are designed with comfort and practicality in mind, making this a turnkey home.

Open-plan livingPrivate terraceModern bathroomCommunal gardensProximity to National Trust land

Local Amenities

Lee Bay is conveniently located near Ilfracombe, which provides a range of amenities including supermarkets, eateries, and cultural attractions. Local schools such as Ilfracombe Academy and Lee Community Primary School serve families in the area. Healthcare needs are met by Barnstaple Hospital, approximately 20 minutes away by car. The village itself offers a quiet environment with essential shops and traditional pubs, while public transport options connect residents to Barnstaple and Exeter for broader travel needs.

Ilfracombe town centreLee village shopsLocal pubsPrimary schoolsBarnstaple hospitalIlfracombe Harbour+1
Barnstaple Railway Station Train Station (8.5 miles, 20 mins drive) • 1h 15m by train to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£395,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£165/mo
Estimated Ground Rent£13/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£395,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£165/mo
Estimated Ground Rent£13/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Appealing coastal location
Limited direct transport links
Good rental potential for holiday lets

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£395,000
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£165/mo
Estimated Ground Rent£13/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 £1,514/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£396,979
+£1,979 projected gain
5-Year Rent Forecast
£1,860/mo
Based on 4.2% annual growth
Price per Sq Ft£790
Annual Rent Income£18,168
10-Year ROI184%
Break-Even Point24 yrs

Property Value Projection

Based on 0.1% annual growth
£396,979
5yr
£398,968
10yr
£400,967
15yr
£402,976
20yr
£404,994
25yr
Current: £395,000

Monthly Rental Income

Based on 4.2% annual growth
£1,860
5yr
£2,285
10yr
£2,806
15yr
£3,447
20yr
£4,235
25yr
Current: £1,514/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
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Moderate
Evening Low
Bedroom
Morning Good
Afternoon Moderate
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
45
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Mixed-use development+Positive Impact
Ilfracombe Harbour Regeneration
2.5 milesEst. 2025
* Information based on local planning applications and may be subject to change

Loading location insights...

£395,000
AvailableNB0000006092
View Location Analytics

Plot 6, Lee Bay, North Devon, North Devon

Lee, Ilfracombe, North Devon, North Devon EX34 8LR
Lee Bay, North Devon
1
Bedrooms
1
Bathrooms
500
Est. Sq ft
apartment
Type
Available Plot Numbers
6
1 plot(s) available
Ownershipleasehold

Request Information

£395,000Plot 6, Lee Bay, North Devon, North Devon

Enquire About This Property

Plot 6, Lee Bay, North Devon, North Devon
Plot 6, Lee Bay, North Devon, North DevonLee, Ilfracombe, North Devon£395,000

Property Assistant

Ask me anything