Cross Keys Estate Agents Ltd says ..

Property Oracle says ..

This three-bedroom terraced house located on Wall Street in Devonport, Plymouth, is presented as a shared ownership property for sale at £88,000. This represents 40% share of the freehold, indicating a leasehold component is attached. The property is modern and appears well-maintained from the photos provided. It features a small enclosed rear garden offering some private outdoor space and a shed for additional storage. The internal layout looks functional, including three bedrooms and a bathroom. The property’s proximity to amenities within Devonport and several primary and secondary schools is a plus, particularly for families. The nearby train station in Devonport provides good transportation links. However, the significant caveat is the shared ownership aspect, this could significantly impact the overall value and appeal to potential buyers compared to similar-sized properties with full ownership. Shared ownership can be ideal for first time buyers looking to get on the property ladder. However, the buyers should carefully check and understand the terms and implications associated with the leasehold element, as this could affect future possibilities for renovations, expansion or even selling the property. Overall, the property presents itself favorably concerning location and condition, but the shared ownership and price point need careful consideration before purchasing.

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

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