Bond Oxborough Phillips says ..

Property Oracle says ..

This property in Holsworthy, Devon presents a complex investment proposition. Situated on Fore Street, a street with significantly higher average property prices, the location offers undeniable appeal. The presence of nearby schools adds to its family-friendly aspect. However, a lack of details regarding transportation access is a minor concern.

The interior photos present a mixed picture. While some areas, such as what appears to be a recently renovated salon, are well-presented, other parts of the building exhibit significant signs of disrepair. Water damage is visible in the attic, and general wear and tear is evident in various rooms. The bathrooms and kitchen also appear dated and require modernisation. The overall condition requires a substantial investment to bring the property up to modern standards.

Critically, the property lacks any garden or external space, a significant drawback in the UK market where outside space is highly sought after. This severely limits the potential appeal to many buyers.

The list price of £225,000 needs to be considered in light of both the positive and negative aspects. The location on Fore Street and the size of the property suggest a certain level of value, however, it should be viewed in context of the extensive refurbishment that would be required. The lack of readily comparable properties prevents precise evaluation, however, given the state of repair, the current list price might be considered fair, but also potentially requires negotiation depending on the cost of renovations. Any prospective buyer should budget considerable funds for renovation and refurbishment work.

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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