Phillips, Smith & Dunn says ..

Property Oracle says ..

This 3-bedroom, 1-bathroom bungalow in Hele Bay, Ilfracombe, is listed for sale by public auction at £115,000. The property’s significant advantage is its coastal location, offering proximity to Hele Bay beach, a desirable feature for many buyers. However, this benefit is offset by the property’s substantial need for modernisation and repair. Images show significant overgrowth, both internally and externally, suggesting potential issues with maintenance and upkeep. The interior photos also indicate the need for substantial updating and refurbishment, potentially increasing the final cost of ownership beyond the initial purchase price. The land surrounding the bungalow appears to include a garden, though its size and condition require clarification. The lack of detailed plot size information further limits a full assessment. While the list price is considerably lower than the average price for Beach Road properties (£264,000), this is likely a reflection of the required renovation work, rather than exceptional value. The sale method, a public auction, adds a level of uncertainty to the final transaction price, making accurate valuation difficult without a comprehensive property survey and appraisal from a qualified surveyor. The distance to local schools is approximately 2km, and there is no nearby public transportation mentioned. Overall, this property presents a considerable project requiring significant investment for restoration, but has the potential to become a valuable coastal residence given its location and size, if the buyer is willing to invest and work on the property. Potential buyers must factor in significant renovation costs when considering their offer.

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

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