Spence Willard says ..

Property Oracle says ..

This property is a farmhouse located in Arreton, Isle of Wight. It has 5 bedrooms and 1 bathroom, and is 721.10 sqft. The list price is £775,000. The property is in a rural location, with the nearest train station being Shanklin, which is 5.81km away. There are several primary schools within a 5km radius, including Arreton St George’s Church of England (Aided) Primary School (2.74km away) and Newchurch Primary School (2.39km away). The property appears to be a period property that needs some renovation. It has a large garden and outbuildings. Given the condition of the property, its location, and the size of the land, the list price seems high compared to the average price per sqft in the area (£252). However, the property is a farmhouse, which are typically more expensive than other types of properties. The nearby properties are mostly detached houses, with prices ranging from £195,000 to £2,500,000. The average price for houses in the area is £312,000, and the average price per sqft is £252. The property benefits from a large plot of land and a range of outbuildings. However, the property is in need of some modernisation and updating.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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