Excellent investment opportunity; Grade II listed building currently arranged as 5 flats
4 Hillsborough Terrace, Ilfracombe, EX34 9NR
- 14
Key features
Guide Price: *
£375,000
Fees apply
Buyer's fee:£2,400
Legal fee:£286.80
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£415,000Bid history
5 bidsF
13/07/2022 11:02:04 - £415,000
E
13/07/2022 10:59:12 - £405,000
F
13/07/2022 10:57:51 - £395,000
See all 5 bids ▾
The building is in need of modernisation and updating throughout and there is huge scope and potential to redevelop the property in a variety of ways, subject to any necessary consent. Of course, the flats could all be refurbished and re-let either on assured shorthold tenancies, as a house in multiple occupation (HMO), or as holiday let units, all of which would produce a healthy annual income. Alternatively, the property could be developed and sold off as individual flats (subject to all necessary consents) or be refurbished as one large family home.
There are outstanding views over the neighbouring St. James Park gardens and across the picturesque harbour and quay taking in Lantern Hill, the pier with world renowned artist Damien Hirst's 'Verity' statue, Hillsborough, the Bristol Channel and across to the distant Welsh coastline. The convenient location is handy for all of the local amenities with the high street being just 500 metres away and the sea front and harbour being just a short stroll through the park gardens opposite. There are schools for all ages, local supermarkets, beaches and plenty of walking on nearby Hillsborough.
As mentioned earlier, the property was built in the late Georgian grand terrace tradition and thought to date back to between 1810 and 1835; the design adopted Regency classical detailing. Some of the period features have survived including an impressive entrance hall with its glazed double doors and screen and moulded decorative ceiling, the staircase that winds its way up through the building to the upper floors, the full height sliding sash windows with some still having their working wooden shutters, and other rooms within the building also benefitting from original ornate cornice. There is a flat on each of the main four floors of the building with the fifth flat being a smaller studio style unit which sits at the rear of the first and second floors as it is accessed from Hillsborough Mews which is at the rear of the terrace. The floor plans within these sales details show the configuration of each floor and how the flats can be arranged. The basement is accessed via a staircase from the ground floor and comprises approximately 26m2 (280ft2). Within the basement there is a wine cellar which has 8 wine bins!
Outside, at the front of the property there is a parking area which has space for 3 vehicles. At the rear, there is an enclosed courtyard area which can be accessed via the ground floor accommodation. There is an under building storage area which leads off the courtyard. Steps lead up from the yard to the rear pedestrian access gate which leads onto Hillsborough Mews; this gate also provides the separate access in flat 5. Part way up the steps on a half landing is an old external wc.
There are all mains services connected to the building but gas is only available on the ground floor currently. The electricity is separately metered to each of the 5 flats and there is also a separate 'landlords supply' as well which serves the communal hall and stairways. There is one water supply for the building. All of the flats are separately rated and have individual council tax set at band A.
4 Hillsborough Terrace represents and rare opportunity to own an entire freehold property on this terrace and is an excellent investment purchase.
official copies of the registered title, the
searches and chancel repair indemnity disclosed
as part of the auction pack
Summary
- Auction end
- 13th Jul at 11:07
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 8+
- Bathrooms
- 7+
- Council tax band
- Ask Agent
Summary
- Auction end
- 13th Jul at 11:07
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 8+
- Bathrooms
- 7+
- Council tax band
- Ask Agent
This property is being sold by:

Webbers - Ilfracombe
01271 863091
48 High Street, Ilfracombe, Devon, EX34 9QB
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Webbers Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Webbers Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.