Webbers Property Services says ..

Property Oracle says ..

This property at The Quay, Ilfracombe presents a unique opportunity for a buyer willing to undertake a substantial renovation project. The location is undeniably excellent, boasting breathtaking views of the harbor in a desirable seaside town. While nearby properties show a wide range of prices, likely influenced by size, condition, and views, the listed price of £325,000 seems reasonable, considering the prime location, provided that a substantial budget is allocated to complete the extensive refurbishment currently underway. The property’s current state requires significant investment. Photos reveal that the interior is almost entirely gutted down to the brick and timberwork. This means that significant construction, plumbing, electrical, and finishing work will be needed, increasing the overall costs. The lack of a garden is notable, though the small paved courtyard may be usable. Overall, this is a high-risk, high-reward investment. The ultimate return will depend entirely on the expertise and budget of the buyer in transforming the property into a habitable, finished space. Potential buyers need to approach this with a clear understanding of the renovation costs and time investment involved.

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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