John Lake Estate Agents says ..

Property Oracle says ..

This property in St Marychurch, Torquay, presents a unique opportunity for a buyer willing to undertake a significant renovation project. Situated on Fore Street, it benefits from a central location within the town’s pedestrianised shopping precinct, offering easy access to local shops and amenities. The proximity to several well-regarded primary schools, including St Marychurch Church of England Primary and Nursery School and Priory Roman Catholic Primary School, is attractive to families. While the train station is within reasonable distance, a car might be preferable due to the distance.

However, the property is in a visibly dilapidated state and requires extensive modernisation throughout. The interior photos reveal significant wear and tear, outdated fixtures, and a general lack of maintenance. The small rear garden is overgrown and needs substantial landscaping. The property’s current condition necessitates a considerable budget for repairs and renovations. While the listed price may seem competitive at first glance, potential buyers must factor in these significant refurbishment costs. The overall value will largely depend on the buyer’s ability and willingness to complete these extensive works. Buyers should conduct a full survey and investigate the condition of the building’s structure and plumbing to ensure that the cost of the renovation will align with their budget. The lack of readily available precise property size data within the surrounding area means a comprehensive comparative market analysis proves challenging. Considering the location’s advantages and the need for full renovation, this property will appeal primarily to investors or individuals with renovation experience and financial capacity to restore it to a liveable standard.

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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