Homewise says ..

Property Oracle says ..

This property is a two-bedroom apartment located in Ilfracombe, Devon, listed at £100,500. The apartment is part of a larger building, as seen in the exterior photographs, and boasts a modern kitchen and bathroom, both of which appear recently renovated, showcasing contemporary finishes and appliances. The interior photographs reveal a comfortable living space; however, personal preferences regarding the decor may vary. The property’s location in Ilfracombe offers the advantage of proximity to several good schools (Ilfracombe Church of England Junior School and Ilfracombe Infant and Nursery School are both rated ‘Good’ by Ofsted), placing it in a family-friendly area. However, no information on public transport links is provided. A noteworthy aspect is the explicit mention of this being a ‘Home for Life Lifetime Lease’ property, aimed at over-60s, suggesting a specific target market and potentially a unique pricing structure compared to traditional freehold properties. The absence of any outdoor space (0.00 sqft plot size) is a considerable drawback and limits the appeal to potential buyers seeking gardens or private outdoor areas. Overall, this property presents an opportunity for over-60s seeking a relatively affordable apartment in a desirable coastal location with a recently modernised interior. However, the lack of outdoor space and the unique nature of the leasehold arrangement are important factors to consider when assessing its overall value and appeal to the broader market.

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

Images