Pegg Estates says ..

Property Oracle says ..

The property is a 3-bedroom, 2-bathroom terraced house located on Hele Road in Torquay, Devon. The list price is £140,000. The property is in need of renovation. The images show that the kitchen and at least one bathroom require significant work. Walls are unfinished, and fixtures are incomplete. This will add substantially to the cost of purchase. While the location is close to several schools, the proximity to a busy road may be a drawback for some buyers. The distance to train stations is also a factor to consider for commuters. The average house price in the area is significantly higher (£232,484) than the list price of this property, but this is likely due to the property’s condition. The property lacks a garden, as indicated by a plot size of 0.00 sqft. This could be a significant drawback for some buyers. Given the required renovations, lack of a garden, and the average price per sqft in the area (£255.00), the list price of £140,000 might initially seem low. However, factoring in the extensive renovations needed, the price becomes more reasonable, although still potentially slightly below market value for a property in this condition. A detailed survey and costings for the renovation work would be needed to determine the true value.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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