3 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 1LG, £190,000

6 Ellacombe Church Road, Torquay, Torbay, TQ1 1LG - 1 views - a year ago

Under Offer

Refurb/BRRR

ROI: 5%

93 m²

+3 photos

ValuationFair Value

Sold Prices	£133K - £360K
Sold Prices/m²	£1.4K/m² - £3.5K/m²

Square Metres	93 m²
Price/m²	£2K/m²
Value Estimate	£190,000£190,000

End Value (After Refurb)	£194,351£194,351
Uplift in Value	+2%+2%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,900£6,900
Refurb Costs	£37,702£37,702
Bridging Loan Interest	£4,988£4,988
Total Cash In	£98,839£98,839

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£194,351£194,351
Mortgage (After Refinance)	£145,763£145,763
Mortgage LTV	75%75%
Cash Released	£3,263£3,263
Cash Left In	£95,576£95,576
Equity	£48,588£48,588
Rent Range	£535 - £2,100£535 - £2,100
Rent Estimate	£1,320
Running Costs/mo	£891£891
Cashflow/mo	£429£429
Cashflow/yr	£5,144£5,144
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £133K to £360K, average is £215K. £1.4K/m² to £3.5K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	11/20	0.07 mi	26, Alexandra Road, Torquay, Torbay TQ1 1HZ	£1,802	86	3	Terraced House
£175K	10/20	0.08 mi	6, Dunmere Road, Torquay, Torbay TQ1 1LR	£2,078	84	3	Semi-Detached House
£205K	11/21	0.08 mi	20, Dunmere Road, Torquay, Torbay TQ1 1LR	-	-	3	Terraced House
£187.5K	08/23	0.09 mi	2, Wellington Place, Torquay, Torbay TQ1 3AZ	£1,674	112	3	Terraced House
£180K	08/23	0.12 mi	42, Princes Road, Torquay, Torbay TQ1 1NP	£2,647	68	3	Terraced House
£165K	03/23	0.12 mi	18, Ellacombe Road, Torquay, Torbay TQ1 3AT	£1,833	90	3	Terraced House
£310K	03/21	0.13 mi	Penderyn, Hatfield Road, Torquay, Torbay TQ1 3BW	£2,844	109	3	Detached House
£360K	12/22	0.15 mi	26, Chatsworth Road, Torquay, Torbay TQ1 3BL	£3,155	114	3	Semi-Detached House
£246.5K	05/21	0.16 mi	38, Chatsworth Road, Torquay, Torbay TQ1 3BL	£2,465	100	3	Semi-Detached House
£192K	01/23	0.17 mi	52, Ellacombe Church Road, Torquay, Torbay TQ1 1LL	£2,133	90	3	Terraced House
£215K	07/21	0.17 mi	56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL	£2,560	84	3	Terraced House
£171K	12/20	0.17 mi	76, Ellacombe Church Road, Torquay, Torbay TQ1 1LL	£1,921	89	3	Terraced House
£215K	07/21	0.17 mi	56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL	£2,560	84	3	Terraced House
£308K	09/23	0.17 mi	38, Chatsworth Road, Torquay, Torbay TQ1 3BL	£3,080	100	3	Semi-Detached House
£230K	02/21	0.17 mi	9, Bronshill Mews, Torquay, Torbay TQ1 3HT	£2,124	108	3	Semi-Detached House
£197.5K	05/23	0.18 mi	40, Woodville Road, Torquay, Torbay TQ1 1LP	£2,669	74	3	Terraced House
£177.3K	09/21	0.18 mi	39, Cavern Road, Torquay, Torbay TQ1 1NS	£1,672	106	3	Terraced House
£325K	07/21	0.2 mi	Glenton, Bronshill Road, Torquay, Torbay TQ1 3HA	£2,600	125	3	Semi-Detached House
£191K	08/21	0.21 mi	62, Kenwyn Road, Torquay, Torbay TQ1 1LX	£2,301	83	3	Terraced House
£170K	07/21	0.22 mi	17, Princes Road West, Torquay, Torbay TQ1 1PB	-	-	3	Terraced House
£185K	01/21	0.22 mi	10, Netherleigh Road, Torquay, Torbay TQ1 3HB	£2,053	90	3	Terraced House
£221K	09/21	0.22 mi	8, Netherleigh Road, Torquay, Torbay TQ1 3HB	-	-	3	Terraced House
£160K	02/21	0.23 mi	33, Kenwyn Road, Torquay, Torbay TQ1 1LU	£1,429	112	3	Terraced House
£353K	08/23	0.23 mi	36, St Marychurch Road, Torquay, Torbay TQ1 3JE	-	-	3	Detached House
£170K	03/21	0.23 mi	26, Princes Road West, Torquay, Torbay TQ1 1PD	£1,604	106	3	Terraced House
£220K	01/23	0.26 mi	19, Princes Road East, Torquay, Torbay TQ1 1PF	-	-	3	Terraced House
£276.5K	02/23	0.27 mi	Castle Dene, Castle Lane, Torquay, Torbay TQ1 3BE	-	-	3	Detached House
£175K	05/23	0.3 mi	32, Denys Road, Torquay, Torbay TQ1 1JL	£1,768	99	3	Terraced House
£278K	10/21	0.3 mi	108, Windsor Road, Torquay, Torbay TQ1 1ST	£3,034	92	3	Terraced House
£250K	07/23	0.3 mi	108, Windsor Road, Torquay, Torbay TQ1 1ST	£2,729	92	3	Terraced House
£199.9K	02/21	0.3 mi	4, St Pauls Crescent, Torquay, Torbay TQ1 3QN	£2,325	86	3	Terraced House
£212K	04/23	0.33 mi	48, Upton Hill, Torquay, Torbay TQ1 3ER	-	-	3	Terraced House
£284K	06/23	0.33 mi	6, Hingston Road, Torquay, Torbay TQ1 3RA	£2,559	111	3	Terraced House
£245K	08/21	0.33 mi	10, Hingston Road, Torquay, Torbay TQ1 3RA	£1,801	136	3	Terraced House
£171.5K	05/21	0.34 mi	34, Berea Road, Torquay, Torbay TQ1 1JP	£2,349	73	3	Semi-Detached House
£210K	06/23	0.34 mi	48, Egerton Road, Torquay, Torbay TQ1 1JJ	£2,727	77	3	Terraced House
£220K	04/21	0.34 mi	29, Hingston Road, Torquay, Torbay TQ1 3RA	£2,164	102	3	Terraced House
£165K	10/21	0.34 mi	1, Upton Hill, Torquay, Torbay TQ1 3EN	£1,854	89	3	Terraced House
£260K	05/23	0.34 mi	11, Lower Shirburn Road, Torquay, Torbay TQ1 3ET	£3,467	75	3	Terraced House
£215K	05/23	0.35 mi	9, Springfield Road, Torquay, Torbay TQ1 3QA	£2,266	95	3	Terraced House
£142.5K	10/20	0.35 mi	79, Princes Road East, Torquay, Torbay TQ1 1PG	£1,738	82	3	Terraced House
£220K	02/23	0.35 mi	107, Princes Road East, Torquay, Torbay TQ1 1PG	£2,716	81	3	Terraced House
£205K	10/20	0.36 mi	14, Windermere Road, Torquay, Torbay TQ1 3RF	£2,030	101	3	Terraced House
£250K	12/21	0.36 mi	21, Windermere Road, Torquay, Torbay TQ1 3RF	-	-	3	Terraced House
£227.5K	01/21	0.36 mi	13, Reddenhill Road, Torquay, Torbay TQ1 3RQ	£2,126	107	3	Terraced House
£310K	04/21	0.36 mi	Georgian House, Thurlow Road, Torquay, Torbay TQ1 3DZ	£3,305	94	3	Semi-Detached House
£240K	01/23	0.38 mi	29, Windermere Road, Torquay, Torbay TQ1 3RF	£2,308	104	3	Semi-Detached House
£133K	09/23	0.38 mi	49, Forest Road, Torquay, Torbay TQ1 4JP	-	-	3	Terraced House
£235K	11/21	0.38 mi	7, Palatine Close, Torquay, Torbay TQ1 1RD	£2,901	81	3	Terraced House
£245K	07/23	0.38 mi	73, St Edmunds Road, Torquay, Torbay TQ1 3QE	£2,988	82	3	Terraced House

Local Rents

19 rents from £535/mo to £2.1K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£875	09/24	0.14 mi	-	3	Terraced House
£1,200	03/25	0.15 mi	-	3	Terraced House
£535	10/24	0.16 mi	-	3	Terraced House
£1,200	09/24	0.21 mi	-	3	Bungalow
£1,050	09/24	0.25 mi	-	3	Flat
£975	09/24	0.26 mi	Ellacombe Church Road, Torquay, Devon	3	Terraced House
£1,070	11/24	0.28 mi	-	3	Flat
£1,085	04/25	0.3 mi	-	3	Flat
£1,400	09/24	0.37 mi	Thurlow Road, Torquay	3	Detached House
£1,400	09/24	0.41 mi	Forest Road, Torquay	3	Terraced House
£1,500	01/25	0.49 mi	-	3	Flat
£1,600	03/25	0.49 mi	-	3	Flat
£1,650	09/24	0.49 mi	-	3	Terraced House
£1,500	10/24	0.49 mi	-	3	Terraced House
£1,050	09/24	0.49 mi	Guestland Road, Torquay	3	Flat
£1,250	09/24	0.51 mi	-	3	Flat
£1,200	12/24	0.51 mi	-	3	Semi-Detached House
£2,100	09/24	0.53 mi	-	3	Semi-Detached House
£1,300	09/24	0.59 mi	St Lukes Road North, Torquay	3	Flat

Local Area Statistics

Population in TQ1	31,20731,207
Population in Torquay	65,31965,319
Town centre distance	0.74 miles away0.74 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.90 miles away0.90 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £190,000

January 22, 2024

Sold for £174,000

2022

Description

THREE BEDROOM +
LIVING ROOM +
DINING ROOM +
COURTYARD GARDEN +
CLOSE TO TORQUAY TOWN CENTRE +
CHAIN FREE +

GUIDE PRICE £190,000 - £200,000

A three bedroom terraced house located in the heart of Torquay. The property comprises of three good sized bedrooms , a family bathroom, living room, dining room and kitchen. It is in need of full refurbishment throughout which offers somebody the opportunity to put their own stamp on it. There is an enclosed rear courtyard garden.

The property is in the catchment of several local primary and secondary schools and it just a short walk from Torquay town centre. There is a bus stop a short distance away as well as local amenities including Doctors and Dentist surgeries.

Agent Details

HS Owen, Torquay

01803 222428

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents