Property Ladder says ..

Property Oracle says ..

This three-bedroom terraced house in Paignton, Devon, is currently listed at £140,000. The property’s listing description highlights its need for “significant renovation and upgrading throughout.” The provided photographs support this claim, showing significant wear and tear throughout the property. The interior features outdated fixtures and fittings, damaged walls, floors requiring work, and generally poor overall condition. The kitchen and bathroom, in particular, appear to be in disrepair.

The exterior shows a relatively small garden, which appears to be overgrown and in need of attention. The surrounding neighbourhood seems to be a mix of terraced houses, suggesting a typical residential area. The proximity to Paignton town centre, railway station and schools makes this property convenient.

The location is reasonable, considering the proximity to amenities and transport. However, the price appears to reflect the need for substantial investment. Therefore, a potential buyer should allocate funds for a complete renovation. It could be an attractive investment for a buyer who is comfortable undertaking extensive renovation work, but the extensive renovation needs cannot be understated. The property’s current state makes a precise evaluation challenging without more detailed information regarding square footage and specific renovation costs. Potential buyers would be well served by securing a survey from a qualified building inspector.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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