Harrison-Lavers & Potbury's says ..

Property Oracle says ..

The property is located on Temple Street in Sidmouth, East Devon. The area benefits from nearby primary and secondary schools, with Sidmouth Church of England (VA) Primary School and Sidmouth College both receiving a “Good” Ofsted rating and being within approximately 1-1.2km of the property. The town centre’s proximity offers convenience for shopping and amenities.

Based on the provided photographs, the property appears to be in need of significant modernisation and renovation. The interior features outdated fixtures, fittings, and décor throughout. The walls and flooring show signs of wear and tear, and the kitchen and bathroom require complete refurbishment. The exterior, while showing some character, also displays signs of age and requires attention.

The property includes a plot size of 1,812 sqft which is a considerable amount of land for a property in Sidmouth. This could be a significant selling point, especially considering the potential for garden development or expansion.

Considering the property’s condition, requiring substantial renovation, and its location in Sidmouth, a town with a range of properties available, the list price of £250,000 requires careful consideration. While the land size is a positive factor, the extensive renovation needed will significantly impact the overall cost. Nearby comparable properties on Temple Street range from £65,000 to £350,000, indicating a wide price range and highlighting the need for a thorough cost-benefit analysis before making an offer. The lack of square footage data for the subject property and comparable properties makes a precise price per square foot comparison impossible. Therefore, a comprehensive survey and detailed cost estimate for renovations are crucial to determine the property’s true value and the reasonableness of the asking price.

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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