David Rhys says ..

Property Oracle says ..

This four-bedroom maisonette on High Street, Budleigh Salterton presents a mixed bag of opportunities and challenges for potential buyers. The location is its strongest asset, with excellent access to the town’s amenities, the beach, and relatively good proximity to schools. The character features are appealing, and the inclusion of two bathrooms is a plus for a family home.

However, the property’s condition appears to be the primary drawback. A significant amount of refurbishment is needed to bring the property up to a modern standard. The interior décor appears dated, and some areas might need more than just superficial upgrades. The lack of a substantial garden might also deter some buyers, especially families. The small outdoor space shown in the photographs may need significant landscaping, or it could be used solely as a small terrace.

The listed price of £275,000 needs further context regarding the actual square footage to assess its true value in the market. However, based on the comparable properties within the vicinity, such as other properties on High Street and nearby roads, the price would seem somewhat in line with the area’s average, though not exceptionally cheap. The overall condition and modest external space must be factored into negotiations. Prospective buyers must consider that additional costs associated with renovations will increase the overall investment significantly, requiring a careful cost-benefit analysis before proceeding.

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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