Cardens Residential says ..

Property Oracle says ..

This three-bedroom property located on Mincinglake Road in Exeter’s Stoke Hill area is currently listed for £239,000. The property is presented as a well-maintained three-bedroom flat, with a current tenant arrangement providing an ongoing rental income of £21,750 over a 50-week tenancy period. This aspect adds investment appeal to the property.

The interior reveals a functional layout. However, certain areas could benefit from modernizing and decluttering. The property’s condition is decent but not luxurious, suggesting there’s some room for cosmetic updates that would enhance its overall value. The property benefits from relatively good access to local schools, notably Stoke Hill Junior and Infant Schools, which are rated ‘Good’ and ‘Outstanding’ respectively by Ofsted. The city centre and train stations are also within reach, enhancing its desirability.

The limited details about the size of the property, both internally and externally, make a comprehensive analysis somewhat challenging. The absence of square footage figures prevents a precise price-per-square-foot evaluation and complicates a direct comparison with similar properties. However, referencing prices of comparable properties in the vicinity, the listed price seems relatively competitive within the local market. While the exterior displays signs of reasonable maintenance, the lack of a significant garden space limits the overall appeal.

In summary, this property presents a blend of investment potential (rental income) and living space in a reasonably convenient location. Potential buyers should factor in potential costs associated with renovation and upgrading certain aspects of the property to improve its aesthetics and overall market value. A thorough inspection and professional valuation should be considered before a purchase decision.

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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