Stags says ..

Property Oracle says ..

This four-bedroom property located on Park Hill Road in Tormohun, Torquay, presents a unique opportunity but requires substantial investment. The property’s location is advantageous, being near the harbour and several well-regarded schools (Warberry Cofe Academy, Ellacombe Church of England Academy, etc.). The existing structure appears sound; however, the internal photographs reveal that a full renovation is required. All rooms are largely unfinished with exposed floorboards, requiring redecoration, new flooring, and modern fixtures. The lack of a garden or significant outdoor space is a notable limitation. Given the needed renovations, the property’s price should be compared to similar properties requiring comparable modernisation to get a more accurate value for money assessment. Therefore, potential buyers should factor renovation costs into their purchase decision. The property could be a sound investment if suitable refurbishment and possibly a change of use is implemented to align with market demand. The close proximity to amenities and transport options offer positive development potential; however, the lack of external space may limit the target market and therefore should be considered during the analysis.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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