Homewise says ..

Property Oracle says ..

This property located on Furze Hill Road, Ilfracombe offers a four-bedroom house with a modern renovated interior and some outdoor space. The photos showcase a well-maintained home with updated kitchen and bathrooms and a pleasant view overlooking the town. The interior design appears contemporary and appealing, and there are features like a wood-burning stove and a good sized kitchen. The property benefits from its proximity to several schools with good Ofsted ratings, making it potentially attractive to families. The limited plot size should be considered, although the presence of a patio and a decked area provides some outdoor space.

However, the listing clearly highlights this as a ‘Home for Life’ lifetime lease property, specifically targeted at those over 60, and the price reflects that. This is a crucial detail to consider, as the purchase price is significantly lower than the average prices of comparable properties in the area listed at over £400,000. This type of ownership requires a thorough understanding of the legal implications and potential limitations. Also note that square footage data is missing for this property which makes comparisons and determining value per square foot impossible. The provided information on nearby properties is also inconsistent and lacks detailed information on square footage, making it difficult to accurately assess the value and competitiveness of this specific property in the local market.

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

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