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Floorplan
Map5 bedroom terraced house for sale
Lower Gunstone, Bideford, Devon
Terraced house
5 beds
3 baths
EPC rating: D
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 900Mbps *
Mobile signal:
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Features and description
- An exceptional investment opportunity
- 1 x 1 Bedroom Ground Floor flat
- 1 x 2 Bedroom First Floor flat
- 1 x 2 Bedroom Second Floor flat
- 2 Bedroom cottage with private courtyard
- Located in the heart of town, just a short stroll from all amenities
- Communal Hallway with secure storage area
- Long-term tenants in place (except for cottage which is currently vacant)
- Realistically priced to attract an early sale
- This property represents a superb investment with immediate income & potential for growth
Located in the heart of town, just a short stroll from all amenities, this charming stone-fronted Grade II listed property offers an exceptional investment opportunity. Expertly converted 30 years ago, the building now houses 3 self-contained flats and a separate 2 Bedroom cottage, each offering significant rental potential.
Spanning 3 floors, the property is accessed via a Communal Hallway, featuring a spiral staircase. On the Ground Floor, you'll find a well-appointed 1 Bedroom flat. The first and second floors each host identical 2 Bedroom flats, with the top floor flat benefiting from additional roof lights and both enjoying partial river views.
Within the Communal Hallway, there is a secure storage area, currently used for bicycle storage, adding to the appeal for tenants. The flats are accessed by a covered walkway that leads to the rear of the building, where you'll discover the adjoining 2 Bedroom cottage. This cottage, which boasts a private courtyard, is currently vacant and offers an excellent opportunity for refurbishment to further increase its rental value.
The flats have a proven track record of successful letting, with long-term tenants in place, generating a current annual rental income of approximately £22,500. However, there is significant potential to increase this figure in line with current market rates, particularly after modernising the vacant cottage.
Realistically priced to attract an early sale, this property represents a superb investment with immediate income and potential for growth. Don’t miss out on this unique opportunity to enhance your property portfolio in a highly desirable location.
Bideford is a peaceful olde worlde market town on the River Torridge. The main district is on the west bank and its narrow streets filled with white painted houses sprawl from the working quay, up the slopes to the outer suburbs. A former historic port town, Bideford is a great place to explore, whether it’s a trip to the shops or a restaurant outing there's something for everyone. The Pannier Market is a brilliant example of the town’s originality, with its terrace of artists’ workshops and independent shops. The town also champions sports at a grassroots level with both the local rugby and football teams having healthy followings. There are no end of ways to join in the community spirit of this wonderful white town on the hill.
All the amenities you'll ever need are to be found within easy reach of Bideford. To the north are the coastal towns of Westward Ho!, Appledore and Northam, all of which will figure in your day-to-day routines if you enjoy the sea or the outdoor life. Northam boasts a brilliant indoor swimming pool and gym.
Bideford is within short driving distance of the Atlantic Highway (A39) which is the main feeder route across the region leading to Cornwall in the south-west and to the M5 in the east. A regular bus service provides access to North Devon’s ‘capital’, Barnstaple. Bus users can also reach Westward Ho!, Braunton, Appledore, Croyde and Ilfracombe.
Directions
By car: From Bideford Quay, proceed up High Street. At the top of the High Street, turn right and then immediately right again into Higher Gunstone. Number 8 Lower Gunstone will be found on your right hand side.
On foot: From Mill Street, with the High Street behind you, take the first left hand turning into Lower Gunstone to where number 8 will be found a short distance on your left hand side.
Spanning 3 floors, the property is accessed via a Communal Hallway, featuring a spiral staircase. On the Ground Floor, you'll find a well-appointed 1 Bedroom flat. The first and second floors each host identical 2 Bedroom flats, with the top floor flat benefiting from additional roof lights and both enjoying partial river views.
Within the Communal Hallway, there is a secure storage area, currently used for bicycle storage, adding to the appeal for tenants. The flats are accessed by a covered walkway that leads to the rear of the building, where you'll discover the adjoining 2 Bedroom cottage. This cottage, which boasts a private courtyard, is currently vacant and offers an excellent opportunity for refurbishment to further increase its rental value.
The flats have a proven track record of successful letting, with long-term tenants in place, generating a current annual rental income of approximately £22,500. However, there is significant potential to increase this figure in line with current market rates, particularly after modernising the vacant cottage.
Realistically priced to attract an early sale, this property represents a superb investment with immediate income and potential for growth. Don’t miss out on this unique opportunity to enhance your property portfolio in a highly desirable location.
Bideford is a peaceful olde worlde market town on the River Torridge. The main district is on the west bank and its narrow streets filled with white painted houses sprawl from the working quay, up the slopes to the outer suburbs. A former historic port town, Bideford is a great place to explore, whether it’s a trip to the shops or a restaurant outing there's something for everyone. The Pannier Market is a brilliant example of the town’s originality, with its terrace of artists’ workshops and independent shops. The town also champions sports at a grassroots level with both the local rugby and football teams having healthy followings. There are no end of ways to join in the community spirit of this wonderful white town on the hill.
All the amenities you'll ever need are to be found within easy reach of Bideford. To the north are the coastal towns of Westward Ho!, Appledore and Northam, all of which will figure in your day-to-day routines if you enjoy the sea or the outdoor life. Northam boasts a brilliant indoor swimming pool and gym.
Bideford is within short driving distance of the Atlantic Highway (A39) which is the main feeder route across the region leading to Cornwall in the south-west and to the M5 in the east. A regular bus service provides access to North Devon’s ‘capital’, Barnstaple. Bus users can also reach Westward Ho!, Braunton, Appledore, Croyde and Ilfracombe.
Directions
By car: From Bideford Quay, proceed up High Street. At the top of the High Street, turn right and then immediately right again into Higher Gunstone. Number 8 Lower Gunstone will be found on your right hand side.
On foot: From Mill Street, with the High Street behind you, take the first left hand turning into Lower Gunstone to where number 8 will be found a short distance on your left hand side.
Rooms
Agents Notes
Current Rent : Flat 1 £395pcm. Flat 2 £550pcm. Flat 3 £422.11pcm. Bond Cottage (currently vacant) £525pcm.
The main water meter is situated in Flat 1. There are sub meters in the other properties and the current landlord invoices the tenants accordingly.
Each property has its own gas boiler and radiator heating.
Property information from this agent
About this agent
LOCAL KNOWLEDGE - NATIONAL STRENGTH ! The Company Bond Oxborough Phillips is an established local company with over 20 years experience in selling property in North Devon and North Cornwall. Throughout our network of offices we are able to offer a complete property service which includes Residential Sales, Property Management and Lettings, Auctions, New Homes and Development. Our extensive knowledge and experience of the local property market enables us to provide a professional and efficient service combined by a proactive marketing campaign. Staff All members of our negotiating teams are highly motivated and experienced in the local market. Our experience in our field enables us to advise clients on all aspects of buying and selling property. We recognise the importance of high standards of customer care and our constantly striving to improve our service. Coverage An extensive regional marketing campaign, a national network of over 250 offices and extensive website marketing enable us to provide unrivalled coverage of your property. Presentation We understand that first impressions of a property are all important. We place extreme emphasis on the presentation and quality of the sales brochure. Using the latest digital technology we produce high quality full colour particulars which always include a floor plan. Experience has shown us that a good presentation will increase viewing rates. Properties We are delighted to be instructed to sell all types of residential and commercial property. Our register currently includes Luxury Waterside Apartments, interesting Period Townhouses, a wide selection of Bungalows, Character Cottages, Executive style Houses, Barn Conversions, Holiday Chalets and Off-plan Developments. Keeping you informed As part of our service , we guarantee to give all important feedback on every viewing. Our Customer Care Co-Ordinator will provide regular summary and reports covering all aspects of our marketing campaign. Regular contact and discussion with our clients enables us to achieve a stress free and smooth sale. Prominent and highly visible offices Largest window display in the town Dedicated and experienced staff Immediate telephone marketing Extensive newspaper advertising Maximum website exposure Weekly property updates Accompanied viewings Guaranteed viewing feedback Regular marketing reports and reviews Comprehensive property brochures Informative floorplans