Torrs Park, Ilfracombe, Devon, EX34
HO

Torrs Park, Ilfracombe, Devon, EX34

By Homewise

£ 328,250

Reviews

3 out of 5 stars

Homewise says ..

Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £32...

Property Oracle says ..

This property is a large, multi-bedroom house situated in Torrs Park, Ilfracombe. The provided images showcase a property with a spacious interior, including multiple bedrooms, a large dining room, several reception rooms, multiple bathrooms and kitchens. The exterior boasts a sizeable swimming pool and patio area. The property is marketed as a ‘Home for Life Lifetime Lease’ for those over 60. This unusual form of ownership means prospective buyers need to understand the specific terms of the lease including the one-off payment for the lifetime lease and it is presented as a method to secure a property for the cost below market value. The absence of a precise plot size and further details about the lease agreement require additional information to facilitate a thorough assessment of both the property and land size. While the property appears well-maintained, some areas, particularly bathrooms, could benefit from renovation. The surrounding area is characterized by the proximity to various schools and the amenities of Ilfracombe town centre. It’s crucial for prospective buyers to thoroughly investigate the legal aspects of the lifetime lease before making a purchase decision. They should also perform a comprehensive property survey to ensure it aligns with their requirements and budget.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
9
Bathrooms
0
Sqft (est)
1,600.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
327,409.00 £
Increased by 17.57 %
from 278,489.00 £
Est sale value
320,000.00 £
Decreased by 15.25 %
from 377,600.00 £
Average area rental value
1,063.00 £/mo
Increased by 27.46 %
from 834.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.90 %
Increased by 8.64 %
from 3.59 %
Crime Rate
21.00 %
Unchanged by 0.00 %
from 21.00 %

Agent Activity

  • Homewise created the listing.

Nearby Schools

NameTypeOfstedDistance
Braunton Children'S CentreChildren's Centre0.81 KM
Ilfracombe Children'S CentreChildren's Centre0.81 KM
Ilfracombe Infant And Nursery SchoolCommunity SchoolGood0.86 KM
Ilfracombe Church Of England Junior SchoolVoluntary Controlled SchoolGood1.04 KM
The Ilfracombe Church Of England AcademyAcademy Sponsor LedGood1.69 KM

Images

Picture No. 30 Picture No. 04 Picture No. 12 Picture No. 23 Picture No. 22 Picture No. 05 Picture No. 07 Picture No. 06 Picture No. 03 Picture No. 11 Picture No. 10 Picture No. 01 Picture No. 09 Picture No. 08 Picture No. 16 Picture No. 13 Picture No. 19 Picture No. 15 Picture No. 17 Picture No. 18 Picture No. 14 Picture No. 02 Picture No. 24 Picture No. 26 Picture No. 27 Picture No. 31 Picture No. 29 Picture No. 32 Picture No. 36

Nearby Streets

NameAverage PriceAverage SqftDistance
Brookdale Avenue £ 256,86100.00 KM
Church Road £ 316,86900.00 KM
Osborne Road £ 250,00000.00 KM
Bradwell Road £ 196,37500.00 KM
Hermitage Road £ 215,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Torrs Park, Ilfracombe, Devon, EX34 £ 515,000BUY6 / 100.00 KM
Torrs Park, Ilfracombe, Devon, EX34 £ 345,000BUY6 / 100.00 KM
Torrs Park, Ilfracombe, North Devon, EX34 £ 100,500BUY6 / 100.00 KM
Torrs Park, Ilfracombe, Devon, EX34 £ 140,750BUY5 / 100.00 KM
Torrs Park, Ilfracombe, EX34 £ 360,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
Willowtree House £ 385,0000.00 KM
Westaway £ 575,0000.00 KM
Carden £ 355,0000.00 KM
Rose Garth £ 330,0000.04 KM
Clarendon £ 420,0000.04 KM