David Rhys says ..

Property Oracle says ..

The property is a 2 bedroom detached bungalow situated in East Budleigh, East Devon. It is listed at £425,000 and has a plot size of 967.68 sqft and internal area of 931.29 sqft. The average price for properties in the area is £565,723 with an average price per sqft of £410.00. The property benefits from being close to several primary schools, including Drake’s Church of England Primary School which is only 0.27km away. While there is no information on the Ofsted ratings of these schools, proximity to schools is generally considered a positive factor for families. Based on the images provided, the property appears to be in reasonable condition. While it shows signs of age and the decor is dated, there is no obvious evidence of significant disrepair or the need for major renovations. The garden is of a manageable size and includes a garden shed. Considering the property’s location, condition, and the available land, the asking price of £425,000 appears to be relatively reasonable compared to the average price in the area. The average price per sqft in the area is £410.00, and while the exact sqft of comparable properties isn’t provided, the listed price is below the average price for the area. The property’s age and style, along with the dated interior, may account for the lower price compared to newer or more modern properties. However, further comparative analysis with similar properties in the immediate vicinity with available sqft data would provide a more precise assessment of the price’s reasonableness.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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