Complete says ..

Property Oracle says ..

The property is a 2-bedroom apartment located in Teignmouth, Devon. It’s situated on Paradise Road, within a short distance of Teignmouth train station (0.78km) providing convenient access to rail travel. Several schools are also nearby, including Trinity School (0.41km) and Teignmouth Community School (0.42km), although the Ofsted rating for Teignmouth Community School is listed as “Requires Improvement”.

Based on the provided images, the apartment appears to be in excellent condition, recently renovated or newly built. The kitchen and bathroom are modern and well-equipped. The property benefits from a small, manageable garden area.

Considering the list price of £200,000, the average price of similar properties in the area (£399,225), and the average price per square foot (£401), this property seems reasonably priced, particularly given its modern condition and the inclusion of a garden. The average price per sqft in the area is £401, and this property is 550 sqft, meaning a comparable property would be valued at approximately £220,550. The list price is therefore below the estimated value based on the average price per sqft. However, it is important to note that the average price and price per sqft are based on all property types and not solely apartments. The nearby apartment listing at £210,000 for an unspecified sqft supports the relative affordability of this property. The lack of sqft data for nearby properties makes a precise comparison difficult.

The location score is high due to the proximity to transport links and schools. The condition score is also high due to the property’s apparent modern and well-maintained state. The land score is moderate as the garden is small. The price score is high given the lower-than-average price per sqft in the area and the modern condition of the property.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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