Martin & Co says ..

Property Oracle says ..

The property is a 1-bedroom apartment located on Watergate in Exeter, Devon. It is listed at £165,000 and has 533.13 sqft of living space and a 530 sqft plot. The apartment appears to be in good condition based on the provided images. The kitchen and bathroom look recently updated or well-maintained. There is no visible evidence of significant repairs needed. The flooring and fixtures seem modern. The property benefits from a sizable plot of land, offering a good amount of outdoor space which is unusual for an apartment in a city centre location. This is a positive aspect. Considering the average price per sqft in the area is £341, and this property is listed at approximately £309 per sqft, the price seems reasonable, especially given the good condition, the relatively large plot size, and the convenient location. However, the average price for the area is significantly higher (£372,620) than the list price of this property, suggesting it may be undervalued compared to other properties in Exeter, but this needs to be considered in the context of the property type and size. Nearby comparable properties are also significantly smaller and therefore not directly comparable. The proximity to Exeter Central train station and several schools adds to its appeal. The location is excellent, with easy access to Exeter Central train station (0.89km) and several schools within a 1km radius. The presence of several good schools nearby increases the desirability of the property, particularly for families or those looking to invest in a property in a family-friendly area.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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