Detached house for sale in Westbourne Terrace, Budleigh Salterton EX9

Detached Coastal 7 - Flat Investment property.Being sold by traditional Auction in conjunction with 247 Property Auctions.
Guide Price £550,000
Viewing arrangements by appointment only
from 3rd September at 11am on Tuesdays and Thursdays.
Auction date Tuesday 24th September 2024.
Property type - Detached. Tenure - Freehold. Bedrooms - 12. Bathrooms - 8

Joint agentProperty Description

A stunning large and spacious, detached investment property that briefly comprises 7 apartments all being presented to a good standard throughout. All flats have Howdens kitchens, except flat one (Magnet & Southern) and flat 4 (Intoto). Also flats 3,5 & 6 have recently been fitted with bespoke hardwood joinery windows manufactured and installed by Woodleys Joinery.
The property is located at the end of this highly sought after residential road, within a Conservation Area, conveniently located for the town centre and stunning Jurassic coastline.

Pinewood is of Historical interest. Five of the flats being within the original part of the building. Two of the flats were constructed in 2016/17 as a subservient addition to the main Victorian Villa, they were constructed to a high standard with a modern design including aluminium windows and oak doors.
The property will no doubt catch the eye of investor-landlords on the lookout for an exciting and rewarding high-yielding 'oven-ready' investment along with the opportunity for potential development of the rear garden, subject to all necessary consents being obtainable.

Accommodation

Ground floor

Flat 1. Two bedrooms. Bathroom. Kitchen. Living area.

Flat 2: Maisonette with three bedrooms. Bathroom. Shower room. Kitchen/living area.

Flat 3: Bedroom/living area. Separate kitchen. Shower room.

First floor

Flat 4: Two bedrooms. Bathroom. Kitchen/ living area.

Flat 5: Two bedrooms. Bathroom. Kitchen/ living area.

Flat 6: One bedroom. Bathroom. Kitchen/living area.

Second floor

Flat 7: Second floor flat with additional entrance. Two bedrooms. Bathroom. Kitchen/living area

Outside

Large well stocked gardens and a large lawned garden to the rear, undercroft storage areas and one external landlords storage shed along plentiful off-street parking for multiple vehicles (8 for tenants and one visitor space).

Tenure

Freehold subject to tenancies.

Tenancy information

Flat 1: vacant.

Flat 2: Let on Assured Shorthold Tenancy agreement, holding over, dated from 1st December 2020, with rents reserved of £990 per calendar month.

Flat 3: Let on Assured Shorthold Tenancy agreement, holding over, dated from 22nd May 2023, with rents reserved of £595 per calendar month.

Flat 4: Let on Assured Shorthold Tenancy agreement, holding over, dated from May 2023, with rents reserved of £875 per calendar month.

Flat 5: Let on Assured Shorthold Tenancy agreement, holding over, dated from 18th January 2019, with rents reserved of £725 per calendar month.

Flat 6: Let on Assured Shorthold Tenancy agreement, holding over, dated from 16th May 2016, with rents reserved of £625 per calendar month.

Flat 7: Let on Assured Shorthold Tenancy agreement, holding over, dated from 31st October 2015, with rents reserved of £775 per calendar month.

EPC

Ratings: Flat 1:C; Flat 2: B; Flat 3: C; Flat 4: B; Flat 5: C; Flat 6: C; Flat 7: D.

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important information

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction legal pack & finance

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Price information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!