Webbers Property Services says ..

Property Oracle says ..

This property in Combe Martin, North Devon, presents a unique opportunity with potential, but also significant challenges. It is a combined commercial and residential property, comprising a shop and a 4-bedroom apartment above. The shop space is currently vacant and requires fitting out; the apartment is dated but livable.

The location in Combe Martin offers proximity to Combe Martin Primary School, a significant plus for families. However, the lack of detailed information regarding the size of the property and the overall lack of nearby transportation may be a drawback for some potential buyers. The property is located on Cross Street where there are other businesses offering some level of local convenience.

Inside, the apartment shows its age. It needs a significant amount of renovation and modernisation. The kitchen and bathrooms appear outdated. Flooring and wall coverings are dated. Whilst there is a small, paved rear garden, it also needs attention. The overall impression is of a property that requires considerable investment to reach a modern standard.

The list price of £295,000 should be assessed carefully alongside the need for substantial renovation work, both to the residential and commercial areas. The presence of a commercial unit adds complexity to the valuation and the lack of comparable sales data makes a precise assessment difficult. Buyers should ensure they have factored in refurbishment costs before making any offers. Overall, the property is best suited to buyers willing to undertake a renovation project or investors who can exploit the combination of residential and commercial units. There may be potential for rental income from the commercial unit which adds complexity to the assessment 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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