Homewise says ..

Property Oracle says ..

The property is a link detached house located on Watermouth Road in Ilfracombe, North Devon. It has three bedrooms and is listed at £184,250. The property has a small, somewhat neglected patio area. The images show the property requires significant renovation work throughout. The kitchen and bathrooms are dated and in need of modernisation. The flooring and walls throughout show significant wear and tear. The property also appears to have a small outbuilding/shed in the rear garden.

Given the condition of the property, it requires a substantial amount of renovation work. This will significantly increase the overall cost of purchase. The average price per square foot in the area is £260, but this property is significantly smaller than the average, and its condition is much lower. While the location in Ilfracombe is desirable, being a coastal town, the proximity to a main road and a petrol station may detract from its appeal. The limited plot size is also a factor to consider. Several nearby properties are listed at higher prices, but these are likely in better condition and may have larger plots. The presence of several schools within a reasonable distance is a positive factor for families.

Considering the need for extensive renovation, the relatively small size of the property, and the limited plot size, the listed price of £184,250 may be considered reasonable, though not necessarily a bargain, given the current market conditions. A thorough survey is essential before committing to a purchase.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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