Connells says ..

Property Oracle says ..

This property, a multi-unit residential building located on Palace Avenue in Paignton, is presented as an investment opportunity. The listing highlights its 15 bedrooms and 9 bathrooms, suggesting potential for rental income. The location in Paignton offers convenience with its proximity to Paignton train station and several schools, including some with good Ofsted ratings. However, the lack of outdoor space is a notable drawback. The photographs reveal a varied level of interior condition. Some rooms have undergone recent updates and appear modern, while others show some wear and tear, requiring further assessment to determine the full extent of any needed repairs or renovations. The property’s overall condition is average, not exceptionally high quality. The listing price is high based on local comparables and the property size, highlighting the importance of a thorough evaluation of repair costs to determine if the current asking price presents a sound investment, as the actual value may be significantly below the asking price. A professional valuation is recommended before any purchase. The absence of detailed plot information suggests the need for additional verification and clarifies the potential for limited outdoor amenity.

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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