Homewise says ..

Property Oracle says ..

This three-bedroom property in Exmouth, Devon is presented as a ‘Home for Life’ lifetime lease property for the over 60s. The listing highlights potential savings of up to 59% from the market value, through a one-off payment. The property is described as having 1,549 sqft, however the listing states that the plot size is 0.00 SQFT.

The provided photographs showcase a property that appears reasonably well maintained. The kitchen benefits from a modern design with plenty of storage, and access to a conservatory. The interior decor is not overly modern, and in some areas shows signs of being slightly dated. At least two bathrooms are featured, although the exact number is not stated. One bathroom is modern, and the other appears functional but shows signs of needing updates.

The exterior of the property features a garden that requires work, and a small paved area. A single garage is visible from the exterior images. The location is close to several good schools, making it potentially attractive to families. The distance to Exmouth train station is also a positive. There is however a lack of details regarding other nearby amenities, like shops, restaurants, and parks.

The overall value for money is reasonable, however further details are needed concerning plot size, and the specifics of the lifetime lease offering. The overall market data provided is insufficient to confidently assess the price per square foot and its competitiveness against comparable properties in the area. Potential buyers should be aware of the type of property being purchased and fully understand the financial implications of a lifetime lease agreement.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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