Rendells says ..

Property Oracle says ..

This three-bedroom, two-bathroom property situated on Castle Street in Totnes presents a compelling opportunity for a buyer willing to undertake a significant renovation project. The central location in this charming Devon market town is a major advantage, providing easy access to local amenities, shops, restaurants, and the train station, offering good connectivity. The property’s proximity to Totnes Castle adds historical significance to its address. The garden, while currently overgrown, provides additional space and potential.

However, the property’s condition is a crucial factor. The interior images reveal extensive damage and disrepair, requiring substantial investment and effort to bring it to a modern, habitable standard. Peeling wallpaper, damaged walls, and outdated fixtures are evident, indicative of the extensive work needed.

The lack of precise plot size information prevents a complete assessment of the land’s value. The list price of £270,000 needs to be weighed against the cost of renovation before a definitive judgment on value can be reached. While the location is desirable, the substantial costs associated with the refurbishment must be a key consideration. Prospective buyers should obtain comprehensive surveys and cost estimates before proceeding with a purchase. They must budget for a significant level of renovation to create a desirable home.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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