Sensible Move says ..

Property Oracle says ..

This one-bedroom, one-bathroom ground floor flat in Stoke, Plymouth, presents a compelling investment opportunity for a buyer willing to undertake a substantial refurbishment. The property’s location offers easy access to local amenities, schools (including a ‘Good’-rated Ofsted school), and transport links to Plymouth city centre. However, it is crucial to note that the property is in considerable need of modernisation, as evidenced by the dated interior and visible wear and tear shown in the photographs. The lack of outdoor space is a notable drawback, but given the price point and the potential to increase value through renovation, the property may still present a worthwhile investment. A detailed survey would be essential before making an offer, to ascertain any hidden structural or other issues that could impact the total renovation cost. Potential buyers should also research the specific safety and neighborhood dynamics of Wake Street to determine the suitability of the area. The absence of square footage data for many comparable properties, hampers a thorough price per square foot analysis, making a definite conclusion on value somewhat challenging, but the current listing price appears relatively in line with the general price range for the area, given the necessary renovation work. The absence of information regarding leasehold or freehold status is also a notable omission in the information provided.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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