Stags says ..

Property Oracle says ..

The property is located on The Esplanade in Woolacombe, North Devon. It’s a 3-bedroom, 2-bathroom apartment with a sizeable plot of 1,349.79 sqft. The apartment is 1,302.43 sqft. The list price is £635,000.

The location is excellent, directly on the Esplanade with stunning sea views. Woolacombe is a popular seaside resort, so the location is likely to be highly desirable, boosting rental potential and capital appreciation. The proximity to Woolacombe beach and the various amenities of the town are significant positives. The presence of several well-regarded schools within a reasonable distance further enhances the desirability of the location for families.

Based on the provided images, the property appears to be in good condition. The interior looks well-maintained and updated, with modern fixtures and finishes in the kitchen and bathrooms. There is evidence of traditional features, such as the fireplaces and bay windows, which have been maintained. The exterior also appears to be in good condition. There is no visible evidence of significant repairs or renovations being needed.

The property benefits from a garden area, as shown in the provided images. While the exact size isn’t specified, it appears to be of a reasonable size for an apartment in this location, providing additional outdoor space.

Considering the average price of £451,562 and average price per sqft of £407 in the area, the list price of £635,000 for this 1,302.43 sqft apartment seems on the higher end. However, the prime location directly on the Esplanade with sea views, the good condition of the property, and the inclusion of a garden area all justify a premium price. The nearby comparable properties also support the higher price point, although their sqft is not provided making a direct comparison difficult. The higher price might be explained by the desirability of the location and the overall quality of the property.

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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