Bond Oxborough Phillips says ..

Property Oracle says ..

This 2-bedroom, 1-bathroom cottage in Ilfracombe, situated on Beach Road, presents a unique opportunity in a highly desirable coastal location. The property’s proximity to Hele Bay beach is a significant draw, making it appealing to those seeking a seaside lifestyle. However, prospective buyers should be prepared for necessary renovations and modernisation. The interior decor is dated, and the images reveal a need for updating in the kitchen and bathroom. The property also benefits from a small, albeit overgrown, rear garden, offering potential outdoor space with some landscaping. The list price should be considered in the context of the required improvements. The property’s location is its strongest asset; nevertheless, the cost of modernization should be carefully factored into any offer, along with the comparables of Beach Road, making it essential to budget appropriately for renovations and updates before making an offer. While the average price per square foot for the street isn’t available, a detailed survey is advised. The proximity to well-regarded schools (albeit at a short drive distance) is an added benefit for families. Overall, this is a property with high potential for someone willing to undertake renovation work.

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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