Martin & Co says ..

Property Oracle says ..

This property in Plymouth, Devon presents a unique investment opportunity as a large multi-unit property requiring significant renovation. The address is located in St Peter And The Waterfront, offering a pleasant location with access to local schools, transport links, and potential water views. However, the current state of the property is far from move-in ready. Images indicate the property is undergoing a comprehensive refurbishment. Many rooms show bare walls, floors, and significant incomplete work in kitchens and bathrooms. While potential exists for a high return once the renovation is complete, this would entail considerable time, effort, and financial commitment. The lack of a garden further limits the appeal to certain buyers. The list price may be slightly high in light of the renovation requirements, and further due diligence is essential in verifying the actual costs associated with completing the refurbishment and comparing the property to local property values considering square footage. Therefore, a detailed survey and cost assessment of the required works would be paramount prior to any purchase decision. This property is ideal for an experienced investor or someone comfortable handling extensive renovation projects. The potential value of the property will be unlocked only after significant work is done.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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