Bond Oxborough Phillips says ..

Property Oracle says ..

The property is located in Barnstaple, Devon, a town in North Devon, England. The area has a mix of property types and price points. The average house price is significantly higher than the list price of this property, at £451,562 compared to £160,000. However, the average size is also considerably larger (1,107 sqft vs 711 sqft). The average price per square foot in the area is £407, suggesting that the property’s list price may be reasonable given its smaller size and condition. The property itself appears to be in need of some modernisation and repairs. The provided images show some dampness and outdated fixtures and fittings. The kitchen and bathroom appear particularly dated and would likely require significant updating. The property includes a small rear garden, which adds some value, although it is relatively compact. The size of the garden is approximately 916 sqft. While not extensive, it does provide some outdoor space, which is a desirable feature for many buyers. Considering the property’s location in Barnstaple, its condition requiring modernisation, and the relatively small size and garden, the list price of £160,000 appears to be in line with the market for similar properties in the area. The significant difference between the average house price and the list price of this property is mostly due to the size difference. The price per sqft is reasonably close to the average, suggesting that the price is not unreasonable.

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

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