Webbers Property Services says ..

Property Oracle says ..

This property on St. James Place, Ilfracombe, is a substantial building currently listed for £595,000. It boasts 13 bedrooms and 10 bathrooms, making it suitable for a large family or as a substantial investment property. Currently, it functions as a 45-person capacity hostel. The property is located on the seafront with proximity to local schools, making it an attractive investment in a popular coastal town. The photos showcase functional rooms, though some would need refurbishment and redecoration to appeal to buyers seeking residential space. The high number of bedrooms and bathrooms could justify the high list price, although this would need to be weighed against comparable properties in the area, especially considering the property’s current use as a hostel. The lack of information regarding the plot size is notable and would impact a buyers assessment. Overall, the property represents a unique opportunity, but buyers should be fully aware of the renovation and conversion required to transform the property for residential purposes. Additional information, such as a detailed survey, and a more comprehensive comparison to similar properties in the area, would be helpful for a thorough assessment of its market value.

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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