Robert Williams says ..

Property Oracle says ..

The property is located in Summer Lane, Pinhoe, Exeter, Devon. It’s a semi-detached house with three bedrooms and one bathroom, spanning 930 sqft on a 1,110 sqft plot. The asking price is £210,000.

The property is in need of significant renovation. The interior photos show outdated and damaged features including damaged ceilings, peeling wallpaper, and worn flooring throughout. The exterior also shows signs of neglect, with overgrown vegetation and some damage visible. This suggests a considerable amount of work is required to bring the property up to a modern standard. The presence of a garage is a positive aspect.

The location is reasonably convenient, with a primary school (Willowbrook School) located very close by (0.28km). There are also several other schools within a reasonable distance, although their Ofsted ratings are not all available. The proximity to several train stations (Polsloe Bridge, Pinhoe, Digby And Sowton, St James Park (Exeter), and Newcourt) is a positive factor for commuters. The average house price on Summer Lane is significantly higher than the asking price of this property, suggesting that it could represent good value for money if the renovation costs are factored in. However, the average price per sqft in the area is £377, and this property is listed at a lower price per sqft. The discrepancy between the asking price and the average price on Summer Lane needs to be considered carefully. The lower price is likely due to the property’s condition. Therefore, a potential buyer should budget for substantial renovation costs.

The property has a garden, although it appears to be overgrown and in need of attention. The size of the plot is relatively modest but adequate for a semi-detached house of this size.

Given the property’s condition, location, and land size, the asking price of £210,000 may seem reasonable, provided the buyer is prepared to undertake a substantial renovation project. The significantly lower price compared to other properties on Summer Lane is noteworthy, but this is likely due to the property’s condition. A thorough survey is recommended before making an offer.

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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