Millington Tunnicliff says ..

Property Oracle says ..

The property is a two bedroom apartment located in Grosvenor Court, Western Road, Ivybridge, Devon. It’s situated in a convenient location with nearby schools such as Manor Primary School (0.22km) and The Erme Primary School (0.57km), both rated ‘Good’ by Ofsted. Ivybridge Community College (0.99km) is also within reasonable proximity. Ivybridge train station (2.25km) provides access to public transport.

The apartment itself appears to be in good condition based on the provided images. The interior is clean and well-maintained, with a modern kitchen and bathrooms. There is no evidence of significant wear and tear or the need for immediate renovation. The property benefits from a reasonable plot size of 860.30 sqft.

Considering the average price per sqft in the area is £208, and this apartment is 383.05 sqft, a rough estimate of the expected price would be around £79,600. However, the list price is £199,950. This represents a significant premium compared to the estimated value based on average price per sqft. While the location and condition are positive factors, the price appears high relative to the size of the property and the average prices of comparable properties in the area. Several nearby properties are listed at significantly lower prices, despite being larger or different property types. Further investigation into the specific features and amenities of this apartment, and a comparison with similar apartments in Grosvenor Court, would be necessary for a more precise price evaluation.

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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