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5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Montpelier Terrace, Ilfracombe, Devon, EX34
£67,000

Our Summary

  • PROPERTY DESCRIPTIONFOR SALE BY PUBLIC AUCTION - At The Lantern, High Street, Ilfracombe EX34 9QB - Friday 1st August at 12 noon
  • THE PROPERTY WILL NOT BE SOLD BEFORE AUCTION
  • YOU MUST REGISTER TO BID PRIOR TO THE AUCTION
  • PLEASE DO NOT LEAVE THIS TO THE LAST MINUTE; WE RECOMMEND YOU CONTACT US AT LEAST 48 HOURS PRIOR TO THE AUCTION BUT THE EARLIER THE BETTER
  • Substantial Grade II Listed Late Georgian Residence for Renovation & RedevelopmentA rare and exciting opportunity to restore and transform a Grade II listed late Georgian residence, situated within a highly sought-after terrace dating back to circa 1835
  • Nestled in a prime location close to the town centre, high street, and picturesque seafront, this substantial four-storey property presents a comprehensive renovation and redevelopment project with extensive works required throughout
  • Some areas of the building are in a state of dereliction, making this a venture suited to experienced renovators with a vision for period restoration
  • Expansive Accommodation with Redevelopment PotentialWith its substantial footprint, including rear extensions, the property offers a versatile layout that can be redesigned and refurbished in multiple ways
  • There is clear potential to create a spacious 4-5 bedroom family home with generous reception rooms and multiple bathrooms, catering to a large family or dual-family occupancy
  • Important ConsiderationsDue to its Grade II listed status, all renovation and building works will require Listed Building Consent and must be carried out in a manner that is sympathetic to the period and character of the property
  • A Rare & Exciting Development OpportunityThis is a challenging but rewarding project, offering the chance to create a stunning, fully restored period home in a prime coastal location
  • Traditional Auction InformationPlease note: this property is for sale by traditional auction
  • This means that exchange will occur on the day of the auction (provided the seller's reserve price has been met or exceeded)
  • This is retained by Webbers as a contribution towards auction costs

Description

This property, a substantial Grade II listed late Georgian residence, is being sold through the Home for Life Plan from Homewise, which allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The property, located in a prime coastal and town location, is in need of renovation and redevelopment, offering a rare and exciting opportunity to restore and transform a period home. With its large open field and far-reaching views, the property presents a comprehensive project with extensive works required throughout. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, and the cost to purchase the Lifetime Lease is always less than the full market value.