3 Bed Terraced House For Sale

OVER 60s can secure this property with a HOME FOR LIFE from HOMEWISE

Through the Home for Life Plan from Homewise, those AGED 60 OR OVER can purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value.
OVER 60s customers typically save between from 20% To 50%*.

Home for Life Plan guide price for OVERS 60s: The Lifetime Lease price for this property is £284,750 based on an average saving of 33%.

Market Value Price: £425,000

The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard. The plan allows customers to purchase a share of the property value (UP TO 50%) to safeguard for the future.

For an indication of what you could save, please use our CALCULATOR on the HOMEWISE website.
Please CALL for more information or a PERSONALISED QUOTE.
Please note: Homewise DO NOT own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not OVER 60 or would like to purchase the property at the full market value of £425,000, please contact the estate agent Webbers.

PROPERTY DESCRIPTION
FABULOUS HARBOURSIDE LOCATION!!
Sitting immediately adjacent to the picturesque harbour and enjoying delightful views across the inner harbour and quay, the Bristol Channel and distant Welsh coast is this spacious 3 bedroom terraced home. The property occupies one of the town's most sought after locations and is ideal as a permanent home or as a holiday home/holiday let. Currently, the property is run as a very successful holiday let producing a very impressive income of around ?50,000 per annum!!

9 The Quay is a characterful terraced family home situated in one of the town's most sought after locations sitting immediately adjacent to the picturesque harbour, it is the last remaining Victorian house on the Quay that is fully residential and is set amongst a mixed parade of shops, restaurants and bars leading down towards the pier. The property enjoys wonderful views over the inner harbour towards Hillsborough and from the rear over the Bristol Channel and rugged coastline towards Wales in the distance.

The property is ideal as a permanent family home or alternatively would make a fantastic holiday home/holiday let. Indeed, the property is currently run very successfully as a holiday let by the present owner, advertising through Airbnb. Bookings and income for the past two years is as follows:

2023 - 239 nights (34 weeks)      Gross income ?47,303    (Net income after Airbnb fee - ?46,429)
2024 - 247 nights (35 weeks)      Gross income ?50,280    (Net income after Airbnb fee - ?48,706)

Based on the 2024 gross income, the property would return a yield of very nearly 12% based on the current asking price! Ilfracombe is very popular with thousands of visitors through the busy summer months and throughout the year and properties in this specific location are always likely to be a major attraction for those visitors.

The location is truly outstanding with very few residential properties sitting immediately adjacent to the harbour ever being available. The house is right in amongst the various shops, restaurants, wine bars and public houses, cafes and art galleries within the sea front area. Damien Hirst's "Verity" statute stands prominently on Ilfracombe pier and has been the catalyst for a great number of visitors to the town over recent years. The high street with its further selection of small independent shops and amenities are again just a short distance away and there are schools for all ages as well as Tesco, Lidl and Co-Op Supermarkets. Immediately opposite the house is a small sandy harbour beach and there are further beaches at Wildersmouth and the famous 'Tunnels' beaches which are accessed via Victorian hand cut tunnels and have a sea water pool at low tide. Both Wildersmouth and the Tunnels are just a short stroll away as is the towns Landmark Theatre.

There is always something to see on a day to day basis as the harbour forms one of Ilfracombe's main attractions and is the area from which the town built its foundations as a working fishing port and hub for importing coal back in the early Victorian era and then latterly becoming a thriving tourist resort thereafter. The sea front area in particular has seen huge investment in recent years.

North Devon has a huge amount to offer with the fabulous golden sand surfing beaches at Woolacombe, Croyde and Saunton just a short car ride away. The Exmoor National Park is also within easy reach and enjoys some breath-taking scenery and miles and miles of walking. North Devon's main trading centre, Barnstaple, is approximately 12 miles away and has many of the big name shops. There is also a rail link to Exeter which then connects directly to the major stations in London. The main A361 North Devon Link road also connects from Barnstaple and joins the M5 at junction 27.

The accommodation is arranged over three floors and benefits from gas central heating. The entrance hall has the stairs to the first floor and opens into the dining room which has a former fireplace recess and enjoys views from the front over the inner harbour. An archway leads through to the kitchen which has a range of fitted base and wall units including an integrated oven, hob and extractor and provisions for a dishwasher and large fridge/freezer. These rooms form an ideal daytime family living space. At the rear there is a lobby which has a door out on to the court yard garden and also through to a very handy cloakroom/wc which also houses the Baxi gas fired boiler for the central heating and hot water.

Moving to the first floor, the lounge is a particularly delightful bright and airy room located at the front of the house and has a bay window which perfectly frames the superb views in to the inner harbour and across towards Hillsborough. There is a tiled fireplace and surround and stripped wooden floorboards. Across the hallway is a double bedroom which has a built in wardrobe and an ornamental fireplace feature. At the rear there is a family bathroom with a white suite which includes a bath with shower and shower screen over, a low level wc and a hand basin.

On the top floor there are a further two bedrooms, one at the front and one at the rear, both enjoying delightful views, with the front bedroom overlooking the inner harbour and Hillsborough and the rear bedroom over the Bristol Channel towards the distant Welsh Coast. Both rooms have built in wardrobes.

Outside, at the rear of the property there is a good sized court yard with a flowerbed. The yard leads to a large stone built store/utility room which is a very useful facility for a variety of purposes. There is plumbing for a washing machine, a large sink and plenty of space for storage, bikes, surf board, beach equipment etc. The building would also be ideal as a workshop. A door at the rear of the store opens on to a further good sized gravelled court yard area which provides an attractive sitting area and has plenty of rooms for outdoor furniture, sun loungers etc. The hot tub (available by separate negotiation) sits at the rear of the courtyard. Steps lead up on to a rear pedestrian access on to Cheyne Beach Car Park. The car park offers a permit parking scheme run by the Local Authority for owners of property along Quay Road and we understand that there is an annual fee of ?360 per permit.

The property has the benefit of no onward chain and we fully advise an early internal inspection as properties in this location seldom come to the market yet are always extremely popular when they do.

Ground Floor

Entrance Lobby 4'3" x 3' (1.3m x 0.91m).

Entrance Hall 10'2" x 3' (3.1m x 0.91m).

Dining Room 12'1" x 10' (3.68m x 3.05m).

Kitchen 11' x 10'9" (3.35m x 3.28m).

Rear Lobby 4'9" x 3'4" (1.45m x 1.02m).

Cloakroom/WC 8'5" x 4' (2.57m x 1.22m).

First Floor

Landing 12' x 5'3" (3.66m x 1.6m).

Rear Lobby 5' x 3'1" (1.52m x 0.94m).

Bathroom 9'1" x 5'4" (2.77m x 1.63m).

Bedroom 3 10'10" x 8' (3.3m x 2.44m).

Lounge 14'6" x 13'5" (4.42m x 4.1m).

Second Floor

Landing 12' x 5'2" (3.66m x 1.57m).

Bedroom 2 10'9" x 8' (3.28m x 2.44m).

Bedroom 1 13' x 11'7" (3.96m x 3.53m).

Outside

Courtyard 1 23' x 13' (7m x 3.96m).

Stone Built Store/Utility Room 13' x 10' (3.96m x 3.05m).

Courtyard 2 29' x 12' (8.84m x 3.66m).





The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.