Morgan & Davies says ..

Property Oracle says ..

The property is a bungalow located in Gwbert, Cardigan, with a list price of £800,000. The average house price in the area is £512,717, and the average price per square foot is £409. The property is situated in a coastal location offering scenic views. The proximity to the coast is a significant positive aspect, potentially increasing desirability and value. However, the provided data does not offer details on the quality of local amenities such as schools and transportation links, which would impact the overall desirability of the location. More information is needed to provide a comprehensive location assessment. Based on the images, the property is in need of significant renovation. The interior shows considerable wear and tear, with damaged flooring, walls, and fixtures. The exterior also appears somewhat neglected. This suggests a substantial investment would be required to bring the property up to a habitable standard. The property includes a sizable plot of land, which is a positive attribute, particularly in a desirable coastal location. The extent of the land is not specified numerically, but the images suggest it is larger than average. This adds to the potential value of the property, even considering the necessary renovations. Given the required renovations, the current list price of £800,000 appears high relative to the average house price in the area. While the coastal location and land size are attractive, the significant cost of renovation needs to be factored into any assessment of value. More information, particularly the square footage of the property, is needed to determine if the price per square foot is justified. A detailed cost estimate for renovation is also necessary for a complete price evaluation.

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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