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0 bed Not Specified property

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Listed Jul 16, 2025

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£160,000

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Description

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This is an excellent Investment opportunity to purchase 2 flats in Fremingtons heart. Flat 1 has 2 bedrooms, lounge, kitchen. and bathroom, whilst Flat 2 has 1 bedroom, lounge, kitchen, and bathroom. There is a rooftop terrace outside of the flats with two lockable stores. Tenants have used this roof area over the years for sitting outside, etc.

Flat 1 is let at £720.00 pcm with Flat 2 let at £550.00pcm. This provides an annual rental income of £15,240

The village of Fremington is some 4 miles from Barnstaple and offers a range of local amenities that include a Post Office, Medical Centre, Primary school, convenience store, two popular pubs, and a Chinese restaurant takeaway. Close by is Fremington Quay which provides you access to the Tarka Trail and fronts the River Taw, there is also a lovely cafe. The coastal village of Instow with its sandy beach is just a short drive away. This property is a short walk to the bus service.

Property additional info

FLAT 1 ENTRANCE HALL
Built in storage cupboard housing gas fired boiler

LOUNGE 3.60m x 3.48m 11 10" x 11 5"
TV point. Telephone point. Radiator. Fitted carpet.

KITCHEN 3.25m x 2.28m 10 8" x 7 6"
UPVC double glazed window. Range of units. Space for electric cooker. Space for fridge. Space with plumbing for washing machine. Radiator.

BEDROOM 1 4.16m x 3.58m 13.65ft x 11.75ft
Radiator. Fitted carpet.

BEDROOM 2 4.14m x 3.17m 13.58ft x 10.40ft
Radiator. Fitted carpet.

BATHROOM
3 piece white colour suite comprising panelled bath. Low level Wc. Wash hand basin. Radiator. Vinyl floor covering.

FLAT 2 ENTRANCE HALL
UPVC double glazed front door off. Airing cupboard housing factory lagged cylinder. Access to loft space.

LOUNGE 4.50m x 2.80m 14.76ft x 9.19ft
Double radiator.

KITCHEN DINER 4.80m x 2.90m 15.75ft x 9.51ft
Inset single drainer, stainless steel top sink unit with cupboards and space below with plumbing for washing machine. Working surface with drawers and cupboards below. Further working surface with drawers and cupboards below. Island unit. Double wall unit. Gas electric cooker points. Double radiator.

BEDROOM 4.10m x 1.90m 13.45ft x 6.23ft
Built in wardrobe. Double radiator.

BATHROOM
Panelled bath with tiled area., Gainsborough Style 400 shower unit. Pedestal hand basin. Low level W.C Extractor unit. Radiator.

OUTSIDE
There is a terraced roof area directly outside of the flats which has been used by tenants over the years. There are also two rooftop storage cupboards

SERVICES
Mains water, electricity, gas & drainage are connected to both flats.

COUNCIL TAX
Flat1 1 BAND A Flat 2 BAND A

EPC
Flat 1 EPC Rating D Flat 2 EPC Rating D

TENURE
Freehold

ADDITIONAL COMMENTS
We are selling the freehold to the building which comprises the 2 flats located above Headlines Beauty Salon. The salon has a long term lease. Building Insurance is paid by the freeholder who apportions a pro rata share to the salon. A buyer might not be able to obtain buy to let finance for the property as there are 2 rental units. Should a buyer require a mortgage it may well be commercial funding. We recommend that such inquiries be directed at a prospective buyer s financial advisor.

VIEWINGS
By appointment through Woolliams Property Services Telephone Office Hours Out of Office Hours

DIRECTIONS
LOOM.FORCES.SWIMMER

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