Bond Oxborough Phillips says ..

Property Oracle says ..

The property is a 3-bedroom bungalow located in Torridge, Devon, listed at £150,000. The average house price in the area is significantly higher at £323,405, and the average price per square foot is £200. This bungalow is considerably smaller than average at 634.96 sqft.

The property appears to be in good condition based on the provided images. The interior is modern and well-maintained, with a recently updated kitchen and bathroom. There is evidence of a wood-burning stove which could be a desirable feature for buyers. The exterior is also well-maintained with a garden area.

The property benefits from a good-sized garden area. While the exact plot size is not specified, the images show a sizeable area of land surrounding the bungalow, which is a positive aspect, especially in a rural location. The surrounding woodland provides privacy and a tranquil setting.

Considering the average house price in the area and the average price per square foot, the listed price of £150,000 for this 3-bedroom bungalow appears to be very reasonable, potentially even below market value, especially given its good condition and the presence of a garden. However, the lack of specific plot size data prevents a more precise evaluation. The relatively small size of the property (634.96 sqft) compared to the area average (1,616 sqft) is a factor to consider. Nearby schools are within a reasonable distance, with Great Torrington Bluecoat Church of England Primary School and Great Torrington School both receiving a \“Good\” Ofsted rating. This could be a significant draw for families. However, information on nearby transportation is lacking.

The property’s location in a rural setting near woodland may appeal to buyers seeking a peaceful and private lifestyle. However, this might also mean a longer commute to urban areas and amenities.

Based on the available information, this property presents a potentially good value proposition in its current market. Further investigation into the exact plot size and local transportation options would provide a more complete picture.

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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