Cooksleys says ..

Property Oracle says ..

The property is a 2 bedroom flat located on East Wonford Hill, Exeter, EX1 3DD. It is listed at £160,000 and has 667 sqft of living space. The property includes a small garden. The average price for a property in the area is £427,507, significantly higher than the list price of this property. However, the average size of properties in the area is 1273 sqft, considerably larger than the 667 sqft of this flat. The average price per sqft in the area is £335. Considering the smaller size, the price of £160,000 may be reasonable, but further analysis is needed to determine if it’s a good value. Based on the images provided, the property appears to be in reasonable condition for its age and type. There is no evidence of significant damage or the need for major renovations. The kitchen and bathroom appear functional, though perhaps slightly dated. The bedrooms appear clean and well-maintained. The property’s location is within reasonable proximity to several schools, including Woodwater Academy (rated ‘Good’ by Ofsted) and St Peter’s Church of England Aided School (also rated ‘Good’). Several train stations are also within a reasonable distance, offering convenient access to public transportation. The property’s small plot size is a factor to consider. While the images show a small garden area, it is relatively modest in size. Considering the location, condition, and size, the list price of £160,000 appears to be relatively competitive compared to similar properties in the area, especially given the smaller size and the average price per sqft. However, a more detailed comparison with similar properties sold recently in the immediate vicinity would provide a more accurate assessment.

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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