Chase Buchanan says ..

Property Oracle says ..

The property is located in St Thomas, Exeter, Devon. It is a 2-bedroom, 1-bathroom house with a total area of 871.80 sqft and a plot size of 849.68 sqft. The list price is £135,000. The area has an average house price of £337,765 and an average price per sqft of £374. The property is significantly below the average price for the area. However, nearby properties show a range of prices, with some considerably lower than the average. The provided nearby listings have missing sqft data making a direct comparison difficult. Based on the images, the property appears to be in need of significant renovation. The carpets, wallpaper, and conservatory are all dated and worn. The kitchen and bathroom also appear outdated. The property has a garden, which is overgrown but present. Given the condition of the property, its location, and the size of the land, the list price of £135,000 might be considered reasonable for a buyer willing to undertake a substantial renovation project. The significantly lower price compared to the average price per sqft in the area reflects the property’s condition. However, a thorough survey is recommended to determine the full extent of the necessary repairs and their cost.

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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