2 Bed Terraced House, Single Let, Bideford, EX39 1BS, £200,000

1A Cross Street, Northam, Bideford, Devon, EX39 1BS - 7 months ago

BTL
~108 m²
+9 photos

ValuationUndervalued











Cashflows



































Property History

Listed for £200,000

September 27, 2024

Floor Plans

Description

  • A UNIQUE INVESTMENT OPPORTUNITY +
  • A Ground Floor double-fronted retail shop & modernised 2 Bedroom apartment above +
  • Shop with prominent window frontage occupying a central location +
  • First & Second Floor Apartment with 2 Bedrooms (both En-suite), an open-plan Lounge & a fully fitted Kitchen / Dining area enjoying beautiful sea views +
  • Situated on a corner plot, the property enjoys excellent visibility & kerb appeal +

A unique investment opportunity, featuring a double-fronted retail shop on the Ground Floor and a modernised 2 Bedroom apartment above.

Ground Floor Shop:
The shop boasts a prominent window frontage, creating a bright and open-plan retail space ideal for various businesses seeking a central location in this vibrant village. The premises also benefit from a Rear Utility / Store and a Cloakroom, providing practical amenities.

First & Second Floor Apartment:
The First Floor houses a spacious, fully modernised 2 Bedroom apartment, currently tenanted. The accommodation spans both the First and Second Floors, offering an open-plan Lounge, a fully fitted Kitchen and Dining area on the Top Floor, designed to take advantage of beautiful sea views. Both double Bedrooms, located on the First Floor, come with En-suite Shower Rooms, providing comfortable and private living spaces.

Prime Location:
Situated on a corner plot, the property enjoys excellent visibility and curb appeal, making it attractive to both business owners and potential tenants.

Investment Potential:
This property is being marketed as an investment opportunity, with vacant possession of the Ground Floor shop, suitable for an owner-occupier or as a rental with potential earnings of £6,000 PAX. The apartment above is currently let on an assured shorthold tenancy generating an income of £9,000 PAX.

Northam is a small village, lying north of Bideford and south of Westward Ho! There are many country walks around the village and the outlying areas, including the popular Northam Burrows, Appledore Quay and the nearby Westward Ho! Beach.

Local amenities include a supermarket with post office, newsagents and take-aways. There’s also a primary school, a health & dental centre and a number of churches in the area. Northam also has a decent public swimming pool and gym too. You’ll never be short of places to eat and drink with Appledore, Westward Ho! and Abbotsham on your doorstep with their cornucopia of restaurants and pubs. Being a coastal village, seafood is high on the menu, fresh from the morning’s catch, so be sure to patronise your local fishmonger, if that’s your thing. Golf enthusiasts will also have cause to celebrate because there’s a great championship course on the outskirts of Westward Ho! Westward Ho! is also very popular with surfers and body boarders, with many places to get lessons and hire kit for the beginner.

It’s within short driving distance of the Atlantic Highway (A39) that is the main feeder route across the region leading to Wadebridge in Cornwall to the south-west and to the M5 by Tiverton in the east. A bus service provides access to North Devon’s ‘capital’, Barnstaple. Bus users can also reach Westward Ho!, Bideford, Braunton, Appledore, Croyde and Ilfracombe.

Northam’s local area is teeming with activity whether community groups are your thing or you prefer the outdoor life, there’s something to occupy just about everybody all year around.

Directions
From Bideford Quay, proceed towards Northam passing Morrisons Supermarket on your right hand side and continue up the hill to the Heywood Road roundabout. Continue straight across, following signs for Northam / Westward Ho! / Appledore. Continue past the Durrant House Hotel on your right hand side and past the turning to Appledore also on your right hand side. Take the next right hand turning into Northam just after the War Memorial. Proceed down the hill and the property will be found on your right hand side, just after the second right hand turning onto Cross Street. Parking can be found in The Square or there is a free car park behind the Church, just off Tower Street / Lakenham Hill.

Agent Details

Bond Oxborough Phillips, Bideford

01237 479999

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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