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Ilfracombe, Devon Property Analysis

The property is located in Hillsborough Terrace, Ilfracombe East, North Devon. It’s a 5-bedroom property with a list price of £264,750 and a size of 175 sqft. The average price for properties in the area is £239,771, with an average price per sqft of £260. Several nearby properties on Hillsborough Terrace are listed at significantly lower prices, ranging from £112,000 to £275,000. These listings, however, have varying descriptions and sqft, making direct comparisons difficult. There are also nearby terraced properties listed at higher prices, suggesting that location and property type significantly influence value.

The property’s condition appears to be fair to average. While some rooms show signs of recent maintenance and cleaning, others appear cluttered and in need of updating or renovation. The bathroom and kitchen, in particular, seem dated and could benefit from modernisation.

The plot size is listed as 0.00 sqft, indicating a lack of garden or significant outdoor space. This is a relevant factor in determining overall property value.

Considering the average price per sqft in the area (£260) and the property’s condition, the list price of £264,750 seems high relative to its size. The lack of a garden and the need for potential renovations further impact its value proposition. The presence of nearby properties with considerably lower prices suggests that the asking price may need to be reconsidered to reflect the overall market conditions and the property’s specific features. The proximity to schools like The Ilfracombe Church Of England Academy and Ilfracombe Church Of England Junior School, both rated ‘Good’ by Ofsted, could be a positive factor for families. However, without more information on the property’s specific features and the details of the nearby comparable properties, a definitive price assessment is challenging.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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