Martin & Co says ..

Property Oracle says ..

The property is located on Paradise Road in Stoke, Plymouth, Devon. It’s a four-bedroom, four-bathroom property with a total area of 393.74 sqft and a listed price of £275,000. The average price for properties in the area is £299,070, with an average size of 999 sqft and an average price per sqft of £299.

The property is in need of significant renovation. The provided photographs show considerable water damage, damp, peeling paint, and generally poor condition throughout. The carpets are worn and stained, and there is evidence of neglect. This will require substantial investment to bring it up to a habitable standard.

While the property has a small rear yard, it is not a substantial garden. It appears to be a concrete area overgrown with vegetation. It provides some outdoor space, but it is not a significant feature of the property.

Considering the property’s condition, the lack of a substantial garden, and its relatively small size compared to the area average, the listed price of £275,000 seems high. While the average price in the area is higher, this property requires extensive renovation, which will significantly impact its value. The average price per sqft in the area is significantly higher than what this property offers in terms of usable space. The relatively low sqft and high price per sqft compared to the area average make the asking price seem less reasonable. Nearby comparable properties are either significantly larger or in much better condition. Therefore, a more realistic price would likely reflect the significant cost of renovations needed to bring the property up to market standards.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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