Redferns says ..

Property Oracle says ..

This property in Seaton, East Devon, is a substantial house converted into seven separate apartments. The listing highlights its potential as a significant investment opportunity, boasting an annual rental income of £49,000. The property’s location in Seaton offers proximity to the seafront, shops, and several schools, including the well-regarded Seaton Primary School. The provided photographs reveal a property that appears to be in a reasonable state of repair, though the furnishings are somewhat dated and the decor across the apartments is inconsistent. The property benefits from a garden, but the exact size isn’t given, and the images suggest a relatively modest outdoor area. The overall value proposition hinges on its rental income potential, which makes the list price appear competitive within the context of similar sized residential properties in nearby streets, despite lacking exact square-footage details of the apartments themselves. Potential buyers should investigate the individual income generation of each apartment and the ongoing maintenance requirements for such an investment thoroughly.

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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