No longer on the market
This property is no longer on the market
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Map3 bedroom terraced house
Terraced house
3 beds
3 baths
Key information
Tenure: Freehold
Council tax: Band TBC
Broadband: Super-fast 80Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Excellent Investment Opportunity
- Former Bank Building
- Full Planning Consent To Convert Into Three 1 Bedroom Flats
- Ideal For Conversation With Suspended Concrete Floors Throughout
- Suiting A Number Of Different Propositions
- Could Be Utilised To Retain A Commercial Element
- Potential £21,000 Yield Once Converted
- Approximately 1,625 ft2 of Accommodation
- Arranged Over 3 Floors
- Good Sized Enclosed Private Courtyard To The Rear
Number 71a is ready for its next chapter having served the local town as the Halifax Bank in its prime High Street location.
Having been re-built in the early 1980's after a substantial fire destroyed all but the ground floor, suspended concrete floors were reconstructed throughout, making the construction of the building ideal for conversion to residential units.
Full planning permission was granted in August 2023 to change the existing accommodation into three 1 bedroom flats. However, the property still lends itself to a number of propositions to suit those seeking a fantastic investment opportunity.
Whilst many High Street's across the country are changing, Bideford's High Street is still well supported with a selection of national & local independent shops. Number 71a is also ideal for those looking for a business/home under one roof, retaining the ground floor commercial element if desired.
One bedroom rental properties are always in high demand in Bideford and it believed a current rental figure in the region of £600pcm would be achievable on each flat, yielding £21,000 per annum.
The existing layout of approximately 1,625ft2 (151m2) doesn't require to many substantial changes for the conversation into flats and with two entrance doors onto the High Street, the ground floor accommodation would benefit from its own entrance, whilst spacious stairwells & landings will also be a feature, serving the other two flats.
A useful & good sized courtyard will be found at the rear, which provides a secure area enclosed by high retaining walls.
Torridge District Council Planning No.1/0235/2023/FUL
Services: Mains water, drainage & electricity
Energy Performance Certificate: Exempt
what3words /// support.denim.taxed
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Having been re-built in the early 1980's after a substantial fire destroyed all but the ground floor, suspended concrete floors were reconstructed throughout, making the construction of the building ideal for conversion to residential units.
Full planning permission was granted in August 2023 to change the existing accommodation into three 1 bedroom flats. However, the property still lends itself to a number of propositions to suit those seeking a fantastic investment opportunity.
Whilst many High Street's across the country are changing, Bideford's High Street is still well supported with a selection of national & local independent shops. Number 71a is also ideal for those looking for a business/home under one roof, retaining the ground floor commercial element if desired.
One bedroom rental properties are always in high demand in Bideford and it believed a current rental figure in the region of £600pcm would be achievable on each flat, yielding £21,000 per annum.
The existing layout of approximately 1,625ft2 (151m2) doesn't require to many substantial changes for the conversation into flats and with two entrance doors onto the High Street, the ground floor accommodation would benefit from its own entrance, whilst spacious stairwells & landings will also be a feature, serving the other two flats.
A useful & good sized courtyard will be found at the rear, which provides a secure area enclosed by high retaining walls.
Torridge District Council Planning No.1/0235/2023/FUL
Services: Mains water, drainage & electricity
Energy Performance Certificate: Exempt
what3words /// support.denim.taxed
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property information from this agent
About this agent
Established in 2003, Regency is a leading independent Estate Agency using modern & innovative marketing techniques whilst maintaining the traditional values of Estate Agency with a friendly & personal service.We understand moving house is an important time. We make sure we are always here for you every step of the way with our office open 7 days a week ensuring we never miss any opportunities & maximising your chances of selling or finding your ideal property. The Regency team has a wealth of experience of over 50 years in Estate Agency, making the process of selling & buying as smooth & as stress free as possible. In a prime position overlooking the estuary, our modern office is situated in the best location in town with large window displays & a 24/7 interactive touch screen showcasing all our properties at their best. We look forward to welcoming new & returning clients.