Howard Douglas says ..

Property Oracle says ..

This property in Buckfastleigh, Devon, presents a mixed-use investment opportunity, combining a commercial unit currently operating as a homecare business with a residential flat above. The location on Fore Street in Buckfastleigh offers proximity to local amenities, including schools within a reasonable distance. However, transportation details are lacking. The property’s condition appears to be a mixture of acceptable and some areas requiring renovation. The shop area seems dated and may need modernization to attract tenants or buyers. The residential section, while seemingly functional, would likely benefit from some updates to increase its appeal. The property benefits from a prime location on Fore Street but has a limited land area, typically characteristic of this type of terraced property in a town centre setting. Regarding pricing, the list price of £179,500 appears competitive when considering other nearby properties for sale and rent, although the absence of precise square footage data impedes a precise comparison to nearby areas. Overall, this property offers potential for both income generation and residential use, but prospective buyers should budget for potential renovation costs in the commercial and/or residential parts of the property. Potential buyers should verify the lease conditions and rental income projections with the estate agent, Howard Douglas, before making an investment decision.

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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