Lang Town & Country says ..

Property Oracle says ..

This six-bedroom, five-bathroom property situated on Acre Place in Stoke, Plymouth, presents a compelling but complex proposition. The listing highlights its potential for multi-generational living, thanks to its size and layout spread over three floors. The property is notably close to Devonport Park and benefits from good access to the Devonport train station. Several nearby primary schools are rated ‘Good’ by Ofsted, making it attractive to families.

However, the provided photographs reveal a mixed state of repair. While some rooms such as bathrooms have been updated, significant areas, including the backyard and aspects of the interior, show clear signs of needing modernization and maintenance. The external spaces are in need of repair and tidying, and the property has no notable garden. There is evidence of renovations in some areas, and this would be a significant consideration for a prospective buyer.

The listing price of £425,000 needs to be considered in light of the necessary renovations. While the sheer size and location add value, a potential buyer should factor in substantial costs for modernization and upkeep. Comparison with other nearby properties, some in better condition and with higher asking prices, supports a reasonable, but not excellent, value proposition. The absence of a precise plot size prevents a detailed analysis of value per square foot. Overall, a potential purchaser would need to carefully assess the cost-benefit analysis of this project; the opportunity for a large family home in a good location is clear, but the work required should be factored into the final price calculation.

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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