Spence Willard says ..

Property Oracle says ..

Totland Bay is a desirable coastal village on the Isle of Wight, known for its beautiful scenery and relaxed atmosphere. The proximity to St Saviour’s Catholic Primary School (rated ‘Good’ by Ofsted) is a positive for families. While train access requires a journey to Lymington, the location offers a quieter lifestyle compared to more bustling areas. The property shows evidence of recent renovations or extensions, as seen in the images depicting new brickwork and an unfinished extension. The interior appears well-maintained and updated, suggesting a good overall condition. However, the unfinished extension indicates ongoing work and may affect the overall condition score. The property includes a garden of reasonable size, which is well-maintained and features mature plants and trees. The presence of a shed adds to the practicality of the outdoor space. The list price of £495,000 is significantly higher than the average price of £335,792 for the area. However, the average price per square foot (£335) is lower than what one might expect for a detached bungalow in a desirable coastal location. The property’s size (775 sq ft) is also smaller than the average (1000 sq ft). The presence of an extension and the overall condition of the property could justify a higher price per square foot than the area average, but a detailed comparison with similar properties in the area is needed to determine if the asking price is reasonable. The nearby listings show significantly lower prices, but lack sqft data making a direct comparison difficult.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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