Hillsborough Terrace, Ilfracombe, Devon, EX34

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 £264,750 based on an average saving of 33%.

Market Value Price: £395,000


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 £395,000, please contact the estate agent Webbers.

PROPERTY DESCRIPTION
Situated in a convenient and sought after, elevated location enjoying superb views over Ilfracombe's picturesque harbour, Lantern Hill, Hillsborough, the Bristol Channel and the distant Welsh coastline is this substantial Grade II Listed Georgian terraced residence with spacious accommodation currently arranged as 4 self-contained flats. This is an excellent investment opportunity.

5 Hillsborough Terrace is a substantial Georgian Grade II Listed terraced residence with very spacious accommodation arranged over 5 floors (including a basement). The property has been arranged as 4 self-contained flats for many years which are all currently tenanted on assured shorthold tenancies achieving a gross annual income of circa ?22,000.

There are outstanding views over the neighbouring St. James Park gardens and across the picturesque harbour and quay taking in Lantern Hill, the pier with world renowned artist Damien Hirst's 'Verity' statue, Hillsborough, the Bristol Channel and across to the distant Welsh coastline. The convenient location is handy for all of the local amenities with the High Street being just 500 metres away and the seafront and harbour being just a short stroll through the park gardens opposite. There are schools for all ages, local supermarkets, beaches and plenty of walking on nearby Hillsborough.

The building is in need of modernisation and updating throughout and there is huge scope and potential. The property could be developed and sold off as individual flats (subject to all necessary consents) or be refurbished as one large family home. The flats could be continued to be let out as they are and as previously mentioned they currently produce a gross annual income in the region of ?22,000. The property is being sold with the tenants in situ.

The property was built in the late Georgian grand terrace tradition and is thought to date back to the early 1800's. There is a flat on each of the main four floors of the building. The floor plans within these sales details show the configuration of each floor and how the flats can be arranged. The basement is accessed via a staircase from the ground floor and is currently being utilized as a workshop.

Outside to the front of the property there is an area that the current vendor has used to park on exclusively for many decades. To the rear of the property there is a small courtyard that can be accessed from the kitchen. To the rear of the courtyard, steps lead up to a gate that leads out on to Hillsborough Mews.

There are all mains services connected to the building. The electricity, water and gas is separately metered to each of the 4 flats. All of the flats are separately rated and have individual council tax.

5 Hillsborough Terrace represents and rare opportunity to own an entire freehold property on this terrace and is an excellent investment purchase.

EPC

Flat 1 ? D

Flat 2 ? D

Flat 3 ? C

Flat 4 - D

Ground Floor

Entrance Lobby

Flat 1

Living Room 17'5" x 16'6" (5.3m x 5.03m).

Dining Room 13'5" x 15'2" (4.1m x 4.62m).

Kitchen 13'3" x 8'7" (4.04m x 2.62m).

Shower Room

WC

Utility Room

Half Landing

Bedroom 10'9" x 7'4" (3.28m x 2.24m).

Shower En-Suite 4'1" x 8'6" (1.24m x 2.6m).

First Floor

Flat 2

Living Room 14'8" x 15'5" (4.47m x 4.7m).

Bedroom 1 16'3" x 10'7" (4.95m x 3.23m).

Bedroom 2 13'5" x 12'2" (4.1m x 3.7m).

Kitchen 9'2" x 9'5" (2.8m x 2.87m).

Shower Room

Bathroom

Second Floor

Flat 3

Living Room 16'3" x 12'6" (4.95m x 3.8m).

Bedroom 1 12'2" x 11'2" (3.7m x 3.4m).

Kitchen 14'9" x 7'6" (4.5m x 2.29m).

Bathroom 15'1" x 10'7" (4.6m x 3.23m).

Third Floor

Flat 4

Entrance Hall

Living Room 14'8" x 14'4" (4.47m x 4.37m).

Bedroom 11'7" x 11'7" (3.53m x 3.53m).

Kitchen 17'7" x 11'5" (5.36m x 3.48m).

Bathroom 13'3" x 3'6" (4.04m x 1.07m).

TENURE    Freehold

SERVICES    All mains connected.

VIEWING    Strictly by appointment with the sole selling agent.

COUNCIL TAX BAND    A





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.