
South West
£550,000
Listed on 24/10/2026
Listed on 24/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
Reades has a lot to work with: a detached Portland stone bungalow in a village setting within walking distance of the shops and beach, with generous reception rooms, a driveway, detached garage and a substantial garden. The photographed interiors are usable but dated, and the overgrown planting and weathered paths give scope to refresh the outside as well as redecorate and update the finishes. The sizeable loft is described as having conversion potential, subject to the necessary consents and building regulations.
The main drawback is the price. At £426 per sq ft, the £550,000 asking price is around 14% above the local average, and adding the stated £7,000–£16,000 refurb range leaves the purchase-and-refurb cost stretched against the local benchmark for this floor area. That benchmark is not a forecast of the value after works, but the numbers make this a weak overall opportunity at the current asking price.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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