Pennys says ..

Property Oracle says ..

This property is a 2 bedroom apartment located on Louisa Terrace in Exmouth, East Devon. The apartment is listed at £310,000 and has a total area of 4,090.29 sqft. The plot size is 658.75 sqft.

The location is excellent, with the property situated in a desirable area of Exmouth. It is within easy reach of local amenities, including shops, schools, and transportation links. The proximity to Exmouth train station (0.84 KM) provides convenient access to other parts of Devon and beyond. Several highly-rated primary schools are located nearby, including The Beacon Church of England (VA) Primary School (0.37 KM) and Exeter Road Community Primary School (0.78 KM), both of which have received \“Good\” Ofsted ratings.

Based on the provided images, the property appears to be in fair condition. While it is not in need of immediate major renovation, some updating and modernisation would likely enhance its appeal and value. The kitchen and bathroom appear dated, and some cosmetic improvements would be beneficial. The property benefits from a fireplace, which adds character, however, the overall aesthetic suggests a need for some modernisation.

The property includes a small plot of land. While not extensive, it offers some outdoor space.

Considering the property’s location, condition, and size, the list price of £310,000 appears to be slightly above average for the area. The average price for properties in the vicinity is £413,449, and the average price per sqft is £355. However, the significantly larger size of this property (4,090.29 sqft) compared to the average (1,164 sqft) influences the price. Nearby comparable apartments are listed at £217,750 and £325,000, indicating some price variation in the market. The higher price of this property may be justified by its larger size and desirable location, but potential buyers should carefully consider the required modernisation.

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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