Homewise says ..

Property Oracle says ..

This three-bedroom terraced house in Ilfracombe, Devon, is listed at £127,250. It’s important to note that this is a ‘Home for Life Lifetime Lease’ property aimed at those over 60, indicating the purchase price might be significantly lower than the open market value of similar properties in the area. The property benefits from a good location within Ilfracombe, a town known for its coastal setting and amenities. The nearby listings show a range of property prices, which makes direct price comparisons difficult, given the absence of plot sizes in the available data. The property’s interior suggests it would benefit from modernisation, with updates needed to the kitchen and bathroom, and potentially a general refresh throughout. The property appears to offer a compact, enclosed back garden, which provides some outdoor space. While the asking price is lower than some comparable properties in the immediate vicinity, it is crucial to thoroughly investigate the details and terms of the lifetime lease before making a purchase decision. Potential buyers should weigh the cost of necessary renovations against the overall value and understand the implications of the lifetime lease agreement.

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

Images