About This Property

Discover what makes this home special

Plot 5 at Lee Bay in North Devon offers a charming two-bedroom apartment perfectly positioned to enjoy the stunning coastal scenery and tranquil surroundings. This thoughtfully designed home features a spacious open-plan kitchen, dining, and living area that opens onto a terrace, allowing residents to soak up the natural light and enjoy the south-west facing aspect. The two well-proportioned bedrooms provide comfortable living space, complemented by a modern bathroom and ample storage. Set within a beautifully landscaped development adjacent to National Trust land, this property is ideal for those seeking a peaceful retreat with easy access to the beach and local amenities.

The location in Lee Bay provides a unique blend of rural charm and coastal lifestyle, with Ilfracombe town just a short drive away offering shops, cafes, and cultural attractions. The property is well-suited for both permanent residence and holiday use, with excellent potential for rental income given the popularity of the area for tourism. Buyers will appreciate the balance of privacy, natural beauty, and community living in this exclusive development.

Property Features

This property benefits from a bright and spacious open-plan kitchen, dining, and living area that opens onto a south-west facing terrace, ideal for afternoon and evening sun. The two bedrooms are well-sized, with Bedroom 1 including a dressing area for added convenience. Modern bathroom facilities and additional storage spaces enhance functionality. Residents also enjoy access to beautifully maintained communal gardens and parking facilities, all within a secure and peaceful development setting.

South-West facing terraceOpen-plan livingTwo bedroomsModern bathroomAmple storageCommunal gardens+2

Local Amenities

Lee Bay is renowned for its stunning natural environment and proximity to the sea, making it a popular destination for outdoor enthusiasts and families alike. The nearby town of Ilfracombe offers a range of amenities including supermarkets, restaurants, and cultural venues such as the Landmark Theatre. Educational facilities such as Lantern Community Primary School and Ilfracombe Academy serve the area well. Healthcare needs are met by Barnstaple Hospital, approximately 20 minutes away by car. While public transport options are limited, the community benefits from local bus services connecting to Barnstaple and beyond.

Ilfracombe town centreLee Bay beachNational Trust coastal walksLocal shopsCafesPrimary schools+3
Barnstaple Railway Station Train Station (8.5 miles, 20 mins drive) • 1h 15m by train from Barnstaple to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£695,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£695,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Appealing coastal location
Limited public transport connectivity
Strong holiday rental potential

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
Specialist international mortgagesSpeak to a broker experienced with non-UK resident buyers
Get Advice
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£695,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
4.6%
Based on £2,664/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£698,482
+£3,482 projected gain
5-Year Rent Forecast
£3,272/mo
Based on 4.2% annual growth
Price per Sq Ft£818
Annual Rent Income£31,968
10-Year ROI184%
Break-Even Point22 yrs

Property Value Projection

Based on 0.1% annual growth
£698,482
5yr
£701,981
10yr
£705,498
15yr
£709,033
20yr
£712,585
25yr
Current: £695,000

Monthly Rental Income

Based on 4.2% annual growth
£3,272
5yr
£4,020
10yr
£4,938
15yr
£6,066
20yr
£7,451
25yr
Current: £2,664/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Floorplan

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Exeter St Davids
1h 15m
1h 10m
Bristol Temple Meads
2h 30m
2h 15m

Sun Path & Natural LightAI generated - Estimated

NESW
South-West-Facing Excellent
7h
Garden Sun (Summer)
No
Morning Sun
Yes
Afternoon Sun

Room-by-Room Light Analysis

Kitchen/Dining/Living
Morning Moderate
Afternoon Good
Evening Good
Bedroom 1
Morning Good
Afternoon Moderate
Evening Low
Bedroom 2
Morning Good
Afternoon Moderate
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
48
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Mixed-use+Positive Impact
Ilfracombe Harbour Regeneration
3 milesEst. 2025
* Information based on local planning applications and may be subject to change

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£695,000
AvailableNB0000053780
View Location Analytics

Plot 5, Lee Bay, North Devon, North Devon

Lee, Ilfracombe, North Devon, North Devon EX34 8LR
Lee Bay, North Devon
2
Bedrooms
1
Bathrooms
850
Est. Sq ft
other
Type
Available Plot Numbers
5
1 plot(s) available
Ownershipfreehold

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£695,000Plot 5, Lee Bay, North Devon, North Devon

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Plot 5, Lee Bay, North Devon, North Devon
Plot 5, Lee Bay, North Devon, North DevonLee, Ilfracombe, North Devon£695,000

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