Douglas & Dean says ..

Property Oracle says ..

This 2-bedroom apartment in Ilfracombe, North Devon, is listed at £120,000 and is marketed as an investment property with an existing tenant in place offering a 7% gross yield. The property’s location on Oxford Grove offers proximity to Ilfracombe’s High Street and harbour, providing convenient access to amenities and local businesses. Nearby schools, such as Ilfracombe Church of England Junior School and Ilfracombe Infant and Nursery School are within reasonable walking distance. However, the lack of information about nearby transportation links is a notable omission. The property’s condition shows a need for modernisation and updating. The interior, as shown in the provided images, is not renovated and appears somewhat dated, needing some redecoration. The apartment does not have a garden. The price, while appearing reasonable given the investment potential and comparative property values, needs to be considered in light of the apartment’s relatively modest size and condition. The lack of detail regarding the square footage of similar properties in the area makes a definitive price assessment challenging. Overall, this property presents an opportunity for investors seeking a rental property in a desirable coastal location, but prospective buyers should factor in the necessary renovations and the absence of outdoor space into their decision-making process.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images