2 Bed Terraced House, Single Let, Torrington, EX38 8QB, £235,000

Winswell Farm, Peters Marland, Torrington, Devon, EX38 8QB - 1 views - a year ago

BTL

~150 m²

+6 photos

ValuationUndervalued

Sold Prices	£150K - £280K
Sold Prices/m²	£2.7K/m² - £3.6K/m²

Square Metres	~150.30 m²
Price/m²	£1.6K/m²
Value Estimate	£291,400£291,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£12,950£12,950
Total Cash In	£71,700£71,700

Cash Out
Rent Range	£800 - £1,120£800 - £1,120
Rent Estimate	£800
Running Costs/mo	£914£914
Cashflow/mo	£-114£-114
Cashflow/yr	£-1,372£-1,372
Gross Yield	4%4%

Local Sold Prices

4 sold prices from £150K to £280K, average is £241K. £2.7K/m² to £3.6K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	03/21	1.62 mi	Sunrise, Berry Cross, Langtree, Torrington, Devon EX38 8NT	£2,938	80	2	Semi-Detached House
£247K	08/21	2.11 mi	2, Clarkes Lane, Merton, Okehampton, Devon EX20 3EF	£2,744	90	2	Semi-Detached House
£280K	09/21	2.11 mi	1, Clarkes Lane, Merton, Okehampton, Devon EX20 3EF	£3,636	77	2	Semi-Detached House
£150K	12/20	2.77 mi	6, The Square, Petrockstow, Okehampton, Devon EX20 3HN	-	-	2	Terraced House

Local Rents

5 rents from £800/mo to £1.1K/mo, average is £915/mo.

Rent	Date	Distance	Address	Beds	Type
£1,120	04/24	0.6 mi	Peters Marland, Torrington, Devon	2	Terraced House
£915	08/23	2.18 mi	-	3	Semi-Detached House
£800	03/25	2.24 mi	-	2	Semi-Detached House
£950	09/24	2.34 mi	-	2	Bungalow
£900	04/24	2.47 mi	West Ford Farm Cottage, Little Torrington, Devon	3	Semi-Detached House

Local Area Statistics

Population in EX38	8,2608,260
Town centre distance	3.88 miles away3.88 miles away
Nearest school	0.90 miles away0.90 miles away
Nearest train station	9.36 miles away9.36 miles away

Rental growth (12m)	-8%-8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+34%+34%

Property History

Price changed to £235,000

February 28, 2025

Listed for £250,000

February 19, 2024

Floor Plans

Description

END OF CHAIN +
DISTANT VIEWS +
SEMI RURAL LOCATION +
2 BEDROOMS +
BATHROOM +
OPEN PLAN KITCHEN/DINING/SITTING ROOM +
UTILITY/SHOWER ROOM +
CLOAKROOM +
DOUBLE GLAZING +
PARKING +

Introducing a delightful terraced house nestled in Peters Marland. This charming property boasts two spacious bedrooms, offering ample space for a small family or professionals seeking a peaceful retreat. As you step inside, you'll be greeted by a warm and inviting atmosphere, perfect for entertaining or enjoying of an evening. The vendor informs us that the property is of stone/cobb construction under a tiled roof.

The property features a well-maintained garden, providing a peaceful outdoor space for relaxation or entertaining guests. Off-street parking is available, ensuring convenience and ease for residents.

With its idyllic location and charming features, this property presents an excellent opportunity for those seeking a peaceful and comfortable lifestyle. Don't miss out on the chance to make this lovely house your own. Contact us today to arrange a viewing.
From Torrington take the A386 signposted Okehampton. Continue up the hill passing Little Torrington. Take the next main turning right signposted to Peters Marland and Petrockstowe. Continue until reaching the right turn signposted Peters Marland. Ignore the turn and just past the junction, the cottage can be found set back from the road opposite the egg farm.

///crispier.ultra.cobble

Agent Details

Webbers Property Services, Torrington

020 3893 2650

Next Steps?

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