Pegg Estates says ..

Property Oracle says ..

This ground floor retirement apartment in Torquay is listed at £70,000. The property’s location is a significant advantage; it’s conveniently situated near Torquay’s town centre, the amenities of Plainmoor, and several highly-rated schools. However, the property is in need of significant modernisation. The provided photographs reveal dated kitchens and bathrooms and some possible signs of damp. The flooring also appears worn. The property includes a small paved patio area, providing limited outdoor space. While the price seems reasonable relative to other nearby retirement units, potential buyers should budget for extensive renovation costs. Those looking for a move-in-ready home might find the required work extensive. The absence of square footage data for nearby properties makes a precise comparison difficult, however the location and list price appear reasonable for a project property in this area. The lack of plot size data also makes it difficult to ascertain a value on the land. Overall, this property presents an opportunity for someone willing to undertake a renovation project and is well positioned for a long-term investment or for a buyer looking for a property to modernise and make their own. Buyers should conduct a thorough survey and obtain appropriate professional advice before purchasing.

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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