Match Property says ..

Property Oracle says ..

This property on South Street, Woolacombe, is a substantial building currently operating as a House of Multiple Occupancy (HMO). It offers significant potential, indicated by the full planning consent for conversion into luxury holiday apartments. This conversion could yield higher returns. The property boasts 10 bedrooms but lacks listed bathrooms. Its location in the heart of Woolacombe village, near the beach and local amenities, is a major advantage. The proximity to Woolacombe School could also attract families interested in purchasing this property. While the provided photos show a generally well-maintained exterior, a full internal assessment would be required to get a better picture of the condition. The lack of any land associated with the property is a noteworthy aspect. The £675,000 list price, requires further analysis with detailed comparable property market data to make a definitive judgment, but is in line with high demand coastal properties. Potential buyers should carefully consider the costs associated with running an HMO and conversion if such an action is taken. Also potential buyers need to carefully research all planning permissions, and local requirements before purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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