Bond Oxborough Phillips says ..

Property Oracle says ..

The property is a 3 bedroom bungalow situated in Marwood, Ilfracombe, North Devon. It is listed at £585,000 with 1,306 sqft of living space and a 1,637 sqft plot. The average property price in the area is £451,562, with an average price per sqft of £407. The bungalow benefits from a good location, close to Berrynarbor Church Of England Primary School (rated Outstanding by Ofsted) which is only 0.37km away. The surrounding area offers scenic views and appears to be a peaceful residential setting. The proximity to the school is a significant positive for families. Based on the provided images, the property is in need of modernisation. The interior decor and fixtures appear dated, suggesting a need for renovation to bring it up to modern standards. The kitchen and bathrooms particularly show their age. The garden is well maintained and offers a pleasant outdoor space. Considering the list price of £585,000, the average price in the area of £451,562 and the need for renovation, the property seems slightly overpriced. While the plot size and location are positive aspects, the required renovations will likely add significant costs for a potential buyer. The average price per sqft in the area is £407, and while the property’s sqft is slightly larger than average, the condition and the need for renovation need to be factored into the price assessment. The list price is higher than the average for the area, but nearby comparable properties are not provided with sufficient data (sqft) to make a precise comparison.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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