Wood's Estate Agents and Auctioneers says ..

Property Oracle says ..

The property is a 3-bedroom apartment located in Applewharf, Totnes, Devon. It’s situated on New Walk and has a plot size of 1,193 sqft and internal area of 1,011.97 sqft. The list price is £395,000.

The location is excellent, being in Totnes, a desirable town in Devon. The proximity to Totnes railway station (0.96km) provides good transport links. Several schools with good Ofsted ratings are within a short distance, making it attractive to families. The immediate area appears pleasant, with water views visible in the provided images.

Based on the photos, the apartment appears to be in good condition. The interior is modern and well-maintained, with updated fixtures and fittings in the kitchen and bathroom. There is no visible evidence of significant wear and tear or the need for renovation.

The property includes a small balcony or patio area, offering some outdoor space. While not a large garden, it still provides some private outdoor amenity.

Considering the average price of £275,043 and average price per sqft of £208 in the area, the list price of £395,000 for this 1,011.97 sqft apartment seems high. While the location and condition are positive factors, the price per sqft is significantly above the average. However, the unique waterfront location and the apparent high quality of the finish may justify a premium. Further investigation into comparable properties in the immediate vicinity would be beneficial to confirm the pricing rationale.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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