Stags says ..

Property Oracle says ..

Colaton Raleigh is a desirable village in East Devon, known for its peaceful atmosphere and proximity to the coast. The property’s location on Church Road places it within walking distance of local amenities, while also offering a tranquil setting. The presence of several well-regarded primary schools within a reasonable distance makes it attractive to families. However, information on public transportation links is lacking, which could be a factor for some buyers.

The property’s condition appears to require significant renovation. The images show exposed beams and a need for updating throughout the property. The roof appears to be partially covered, suggesting potential damage. The overall impression is that of a property needing substantial work before it is habitable. The existing features, such as exposed beams and stonework, could be assets once renovated, but the current state impacts the overall condition score.

The property benefits from a garden, though its size and condition are not explicitly detailed. The images show a relatively small garden area with some overgrown vegetation. While the presence of a garden is positive, the current state suggests a need for landscaping and maintenance.

The list price of £550,000 is slightly below the average price for the area (£565,723). However, considering the property’s condition and the need for extensive renovations, the price may seem reasonable. The average price per square foot in the area (£410) is not directly comparable because the provided square footage for nearby properties is missing. A comprehensive cost estimate for the necessary renovations is crucial for determining the true value and establishing whether the asking price reflects the overall investment required. The property’s unique character and potential could justify the price for buyers willing to undertake a renovation project. However, without a detailed breakdown of renovation costs, a definitive assessment of the price’s reasonableness is difficult.

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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