Wilkinson Grant & Co Land & Investment says ..

Property Oracle says ..

This property in Ottery St Mary presents a mixed-use investment opportunity, combining commercial retail space with residential flats. The location in Ottery St Mary is advantageous, benefitting from the town’s amenities and proximity to good schools and transport links. However, the specific location on Saddlers Lane might not be as central or desirable as other areas within the town. The commercial portion of the property appears to be a well-established business, ‘County Cobblers’, but it could benefit from cosmetic upgrades. The residential areas, according to provided pictures seem comfortably furnished and in a fair condition. The lack of information on the precise size of both the commercial and residential areas, including the absence of square footage, prevents a complete evaluation of the price per square foot and overall value. The lack of any external space or garden is a significant drawback. Overall, this property presents a viable investment opportunity, particularly for those seeking rental income, but potential buyers should carefully assess the condition of the commercial space and the limitations posed by the lack of outdoor area and incomplete property size information before making an offer. Further investigation into the exact square footage of the property and rental income potential is recommended. A professional survey would also help determine the exact state of repair and long-term maintenance costs.

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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