Given the central location, the size of the property, and the relatively good condition for a two-bedroom flat, the list price seems reasonable within the Exeter market. The lack of external space affects the value. However, the price needs to be considered in relation to the overall condition and the limited land.

The property appears generally well-maintained based on the provided photos. While the exposed brickwork offers a unique aesthetic, some areas show signs of wear and tear (minor damage to brickwork in bathroom, etc.) A full refurbishment is unlikely to be needed but some cosmetic updates may be desirable. The kitchen and bathroom seem functional and reasonably modern.

The property benefits from a central Exeter location, close to transport links (Exeter St David’s train station is within reasonable walking distance) and local amenities. The proximity to several well-regarded schools is also a plus for families or those considering the property as a rental investment. However, the lack of specific details regarding the immediate street environment and the absence of a garden slightly detracts from the score.

The property has essentially no land associated with it, this is a significant drawback for many buyers and reduces the overall appeal of the property.