Cardens Residential says ..

Property Oracle says ..

This four-bedroom terraced house in Priory Road, Exeter, is presented as an investment opportunity, currently operating as a student HMO. The property’s location is a key selling point, with its proximity to several well-regarded schools and train stations. This makes it attractive to both families and students. However, the images reveal a property that needs some updating and possibly some repairs. The interior decor is dated, and some rooms look a little worn. The kitchen and bathroom appear functional but could benefit from a refresh. The lack of information regarding the property’s square footage and plot size prevents a thorough assessment of value. The current listing price of £330,000 aligns with other similar properties in the area, but a comprehensive survey is needed to determine the true extent of any necessary repairs and their overall impact on value. The potential rental income generated as an HMO is a significant factor to consider for potential investors, potentially justifying the asking price. Overall, the property presents a mixed bag. Its location and rental potential are strong points, but the condition and lack of detailed specifications require further investigation before making a final judgment on its overall worth.

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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