3 Bed Terraced House, Single Let, Torrington, EX38 8BU, £135,000

99 New Street, Torrington, Devon, EX38 8BU - a year ago

Auction
BTL
ROI: 1%
~102 m²
+15 photos

ValuationUndervalued

Sold Prices£90K - £375K
Sold Prices/m²£1.7K/m² - £5.5K/m²

 

 

Square Metres

~102.40 m²
Price/m²£1.3K/m²

Value Estimate

£164,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£65 - £1,300

Rent Estimate

£609

Running Costs/mo

£564

Cashflow/mo

£45

Cashflow/yr

£544

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £90K to £375K, average is £217.5K. £1.7K/m² to £5.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£196K11/200.02 mi160, New Street, Torrington, Devon EX38 8BU3
£196K11/200.02 mi160, New Street, Torrington, Devon EX38 8BU3
£200K05/230.03 mi63, New Street, Torrington, Devon EX38 8BT3
£250K11/220.05 mi147, New Street, Torrington, Devon EX38 8BU3
£177.5K02/210.07 mi11, Louise Terrace, Torrington, Devon EX38 8DB3
£350K11/200.08 miPury Cottage, Warren Lane, Torrington, Devon EX38 8AG3
£230K08/220.08 mi9, Louise Terrace, Torrington, Devon EX38 8DB3
£250K10/220.09 mi19, Town Park, Torrington, Devon EX38 7AQ3
£175K10/200.09 mi171, New Street, Torrington, Devon EX38 8BX3
£215K06/230.09 mi177, New Street, Torrington, Devon EX38 8BX3
£295K07/220.09 mi161, New Street, Torrington, Devon EX38 8BX3
£137.5K06/210.09 mi33a, New Street, Torrington, Devon EX38 8BS3
£202K02/210.1 mi24, Town Park, Torrington, Devon EX38 7AQ3
£90K07/220.12 miKempton House, Whites Lane, Torrington, Devon EX38 8DS3
£260K12/220.14 mi45, Mill Street, Torrington, Devon EX38 8AL3
£205K09/210.15 mi4, Moorland Terrace, Torrington, Devon EX38 8DD3
£225K08/220.18 mi50, Town Park, Torrington, Devon EX38 7AH3
£220K03/210.18 mi48, Town Park, Torrington, Devon EX38 7AH3
£181.5K12/200.18 mi40, Town Park, Torrington, Devon EX38 7AH3
£300K12/220.18 mi35, Town Park, Torrington, Devon EX38 7AH3
£180K07/210.19 mi50, Mill Street, Torrington, Devon EX38 8AN3
£105K06/210.19 mi30, Mill Street, Torrington, Devon EX38 8AN3
£375K04/210.2 miTranquility, School Lane, Torrington, Devon EX38 7AJ3
£167.5K03/210.2 mi4, School Lane, Torrington, Devon EX38 7AJ3
£290K11/210.2 mi209, New Street, Torrington, Devon EX38 8BY3
£250K12/200.2 mi190, New Street, Torrington, Devon EX38 8BY3
£266K02/210.2 mi209, New Street, Torrington, Devon EX38 8BY3
£250K09/220.25 mi95, Trafalgar Drive, Torrington, Devon EX38 7AD3
£240K07/220.27 mi8, Victory Way, Torrington, Devon EX38 7AR3
£185K05/210.28 mi14, Trafalgar Drive, Torrington, Devon EX38 7AB3
£166.5K11/200.28 mi91, Trafalgar Drive, Torrington, Devon EX38 7AD3
£320K09/220.29 mi11, Castle Street, Torrington, Devon EX38 8EZ3
£266K05/210.29 mi102, Mill Street, Torrington, Devon EX38 8AW3
£310K06/210.29 mi114, Mill Street, Torrington, Devon EX38 8AW3
£185K12/220.29 mi86, Mill Street, Torrington, Devon EX38 8AW3
£371K10/210.3 miPensilva, Castle Street, Torrington, Devon EX38 8EZ3
£177K08/210.3 mi4, Castle Street, Torrington, Devon EX38 8EZ3
£165K11/200.32 mi12, Calf Street, Torrington, Devon EX38 8EQ3
£237.5K06/230.32 mi4, Calf Street, Torrington, Devon EX38 8EQ3
£260K08/220.33 mi31, Well Street, Torrington, Devon EX38 8EP3
£175K11/200.4 mi19, Calf Street, Torrington, Devon EX38 7BG3
£175K11/200.4 mi19, Calf Street, Torrington, Devon EX38 7BG3
£190K11/200.4 mi51, Well Street, Torrington, Devon EX38 7BW3
£260K02/230.4 mi2, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£270K11/210.41 mi12, St Marys Close, Torrington, Devon EX38 8AS3
£282.5K08/230.42 mi25, Castle Hill Gardens, Torrington, Devon EX38 8EX3
£210K09/210.43 mi28, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£235K02/230.43 mi60, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£210K07/210.43 mi46, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£203K05/220.43 mi81, Castle Hill Gardens, Torrington, Devon EX38 8EX3

Local Rents

15 rents from £65/mo to £1.3K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£48504/240.2 miChurch Walk, Great Torrington, Devon1
£70003/240.23 miBank House, Great Torrington, Devon2
£70004/240.23 mi-3
£6504/240.24 miSandford Gardens, Torrington1
£77505/240.27 miVictory Way, Devon2
£1,30004/240.31 miTrafalgar Drive, Torrington5
£1,30004/240.31 miTrafalgar Drive, Torrington5
£71005/240.32 miWell Street, Great Torrington, Devon2
£1,20010/240.32 mi-5
£65004/240.36 miNew Road, Great Torrington, Devon2
£90004/240.43 miCastle Hill Gardens, Great Torrington, EX383
£87504/240.49 miMorton Drive, Torrington3
£75004/240.71 miOakwell Close, Great Torrington, Devon2
£90004/241.8 miWest Ford Farm Cottage, Little Torrington, Devon3
£1,20004/242.4 miMonkleigh, Bideford5

Local Area Statistics

Population in EX38

8,260

Town centre distance

0.27 miles away

Nearest school

0.50 miles away

Nearest train station

6.96 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Price changed to £135,000

February 20, 2025

Price changed to £145,000

December 20, 2024

Price changed to £180,000

November 8, 2024

Price changed to £200,000

September 26, 2024

Listed for £210,000

May 10, 2024

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • Offered with no onward chain +
  • Separate reception rooms +
  • Three bedrooms plus dressing room +
  • Flying Freehold +
  • Enclosed lawn and decked garden +
  • Outdoor store and barn +

Presenting this charming period terraced house, situated in a sought-after location. This delightful property boasts three well-appointed bedrooms, perfect for a growing family or those seeking additional space.

Entering into the property you very quickly start to realise just how much space this home has. The living room, which is positioned at the front of the home is bright and airy whilst boasting an open connection to the dining room which is just behind creating a great flow within. The living room has a beautiful feature stone wall which previously housed an electric fireplace however, now could be the new home of a cosy wood burner. Within the dining room, there are plenty of features that are now utilized for their storage spaces and bring a sense of character within the home. Whether you like a separate dining room or maybe a second living space, you will have plenty of room here. The kitchen is towards the rear of the property and looks out over the initial courtyard of the garden. The kitchen does have a range of cupboard space but is looking for someone to come and make this their own. The bathroom is downstairs and at the back part of the home and takes advantage of having both a separate shower and bath within.

Upstairs comprise's of three double bedrooms and a fourth room that could work with a multitude of uses. I know lots of us need a home office now and this fourth room allows a perfect space for this. Alternatively, this room could be used as a dressing room for the bedroom, crafts room or playroom.

Outside and into the rear garden, there is an initial courtyard that does then lead you to the garden and stone shed outbuilding. The outbuilding benefits from electricity running to it allowing you to create a small workshop and outside storage space. The main garden itself is south facing allowing you to sit and enjoy the best of the Devon sun. Half the garden is laid to lawn with the rest being wooden decking. Pease note the decking is in need of repair and caution should be taken when walking on it.

The home is just a stone’s throw away from the beautiful Torrington commons and valley with the river Torridge sat below. The some 365 acres of countryside allows for miles of scenic walks with access to the locally renowned Tarka trail, a 180 mile footpath / cycle way - mainly built on the bed of the disused Tarka line where the gradients are gentle. It winds its way following the course of the river Torridge as far North as Ilfracombe or going inland South towards Meeth. You are only a few minutes’ walk from being right in the town square where you will find all that Torrington has to offer. A local butchers, green grocers, bakery, supermarket, take away’s, The Plough Arts Centre and of course the Pannier Market.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Agents Notes:
The vendor has informed me that the loft space within the property is boarded.

The property does contain a right of way through the garden for the neighbouring property to access their garden as well as having a right of way itself, and a flying freehold.

The vendor has informed us that the property is thought to be constructed of stone under a slate tiled roof. We suspect the roof above the bathroom could contain asbestos. Your surveyor or conveyancer may be able to clarify further following their investigations.

Heating: Combi boiler.

Mains water - Mains electric - Mains drainage - Landline telephone.

Broadband coverage: Super-fast available 80mbps (information taken from Ofcom checker)

Mobile phone coverage: Available onsite (see Ofcom checker for further information)

Directions
Directions from Torrington town centre proceed along South Street and into Whites Lane, at the T-Junction turn left into New Street and continue for a short distance where the property will be found on the left hand side with numberplate and a For Sale board clearly displayed.

Agent Details

Bond Oxborough Phillips, Torrington

020 3869 5476

Next Steps?

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