Spence Willard says ..

Property Oracle says ..

The property is a detached bungalow located in St Lawrence, Isle of Wight, with 3 bedrooms and 2 bathrooms. It boasts 2,164 sqft of living space and is listed at £895,000. The average house price in the area is £343,266, with an average price per sqft of £295. The property’s location appears desirable, offering stunning sea views and a tranquil setting. While the distance to nearby amenities such as schools and transport links is not insignificant (nearest train station is 9.54km away), the scenic coastal location may be a significant draw for buyers prioritizing a peaceful lifestyle. The proximity to several schools, some with good Ofsted ratings, is a positive aspect for families. Based on the provided images, the property seems to be in excellent condition. It appears well-maintained and recently modernized, with a contemporary kitchen and updated bathrooms. There is no visible evidence of wear and tear or the need for significant renovations. The property also features a sizeable garden with sea views, adding to its appeal. Considering the property’s size (2,164 sqft), condition, and the impressive sea views and garden, the asking price of £895,000 appears high compared to the average house price in the area (£343,266). However, the lack of sqft data for nearby listings makes a precise price comparison difficult. The higher-priced nearby listings (£495,000 - £695,000) suggest that properties with sea views in this location command a premium. Therefore, while the price is above average, it might be justifiable given the property’s features and location. Further analysis of comparable properties with similar views and land size would be needed to definitively assess the value.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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