John Lake Estate Agents says ..

Property Oracle says ..

This property in Wellswood, Torquay, comprises a main house and a linked bungalow, currently configured as six apartments and a two-bedroom bungalow. This presents an opportunity as either a substantial family home or a notable rental investment. The property is located in a highly-regarded residential area with nearby amenities. This area of Torquay benefits from a good selection of schools within walking or short driving distance which is an appealing aspect for families. The main house’s exterior presents a stately appearance, and the interior photographs show a clean, well-presented interior layout with light-filled rooms and modern furnishings in the separate units. The individual units offer various styles, ranging from cozy studio-style spaces to larger, two-bedroom apartments. Each apartment boasts a kitchen and bathroom facilities. While the overall condition is satisfactory, some updates to kitchens and bathrooms could enhance the property’s appeal and rental value. The property offers some outside space including a paved patio/courtyard area for each unit, however the overall size of the land appears relatively modest compared to the overall size of the property. Given the combination of individual units, determining the property’s overall square footage needs better clarification. Furthermore, the list price needs to be evaluated more thoroughly against market comparables, particularly given the absence of clear per square foot pricing. The lack of precise square footage data hinders a comprehensive valuation. A detailed property survey would be necessary to ascertain a truly informed market value and to evaluate the profitability of the property.

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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