3 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 1HX, £215,000

Victoria Road, Torquay, TQ1 1HX - 5 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+14 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£199,830

 

 

End Value (After Refurb)

£193,267

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Refurb Costs

£37,702

Bridging Loan Interest

£5,644

Total Cash In

£112,595

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,267

Mortgage (After Refinance)

£144,950

Mortgage LTV

75%

Cash Left In

£112,595

Equity

£48,317

Rent Range

£535 - £2,100

Rent Estimate

£1,233

Running Costs/mo

£871

Cashflow/mo

£362

Cashflow/yr

£4,349

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £133K to £360K, average is £211K. £1.4K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£155K11/200.05 mi26, Alexandra Road, Torquay, Torbay TQ1 1HZ3
£187.5K08/230.06 mi2, Wellington Place, Torquay, Torbay TQ1 3AZ3
£165K03/230.06 mi18, Ellacombe Road, Torquay, Torbay TQ1 3AT3
£180K08/230.09 mi42, Princes Road, Torquay, Torbay TQ1 1NP3
£360K12/220.11 mi26, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£246.5K05/210.13 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£175K10/200.14 mi6, Dunmere Road, Torquay, Torbay TQ1 1LR3
£205K11/210.14 mi20, Dunmere Road, Torquay, Torbay TQ1 1LR3
£308K09/230.14 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£177.3K09/210.14 mi39, Cavern Road, Torquay, Torbay TQ1 1NS3
£310K03/210.15 miPenderyn, Hatfield Road, Torquay, Torbay TQ1 3BW3
£170K07/210.19 mi17, Princes Road West, Torquay, Torbay TQ1 1PB3
£192K01/230.2 mi52, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£215K07/210.2 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£171K12/200.2 mi76, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£215K07/210.2 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£276.5K02/230.21 miCastle Dene, Castle Lane, Torquay, Torbay TQ1 3BE3
£170K03/210.21 mi26, Princes Road West, Torquay, Torbay TQ1 1PD3
£197.5K05/230.21 mi40, Woodville Road, Torquay, Torbay TQ1 1LP3
£353K08/230.22 mi36, St Marychurch Road, Torquay, Torbay TQ1 3JE3
£230K02/210.23 mi9, Bronshill Mews, Torquay, Torbay TQ1 3HT3
£191K08/210.26 mi62, Kenwyn Road, Torquay, Torbay TQ1 1LX3
£325K07/210.26 miGlenton, Bronshill Road, Torquay, Torbay TQ1 3HA3
£220K01/230.27 mi19, Princes Road East, Torquay, Torbay TQ1 1PF3
£160K02/210.27 mi33, Kenwyn Road, Torquay, Torbay TQ1 1LU3
£185K01/210.28 mi10, Netherleigh Road, Torquay, Torbay TQ1 3HB3
£221K09/210.28 mi8, Netherleigh Road, Torquay, Torbay TQ1 3HB3
£175K05/230.31 mi32, Denys Road, Torquay, Torbay TQ1 1JL3
£212K04/230.34 mi48, Upton Hill, Torquay, Torbay TQ1 3ER3
£235K11/210.34 mi7, Palatine Close, Torquay, Torbay TQ1 1RD3
£310K04/210.35 miGeorgian House, Thurlow Road, Torquay, Torbay TQ1 3DZ3
£165K10/210.35 mi1, Upton Hill, Torquay, Torbay TQ1 3EN3
£278K10/210.35 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£250K07/230.35 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£210K06/230.36 mi48, Egerton Road, Torquay, Torbay TQ1 1JJ3
£142.5K10/200.36 mi79, Princes Road East, Torquay, Torbay TQ1 1PG3
£220K02/230.36 mi107, Princes Road East, Torquay, Torbay TQ1 1PG3
£199.9K02/210.36 mi4, St Pauls Crescent, Torquay, Torbay TQ1 3QN3
£260K05/230.36 mi11, Lower Shirburn Road, Torquay, Torbay TQ1 3ET3
£171.5K05/210.36 mi34, Berea Road, Torquay, Torbay TQ1 1JP3
£155K05/210.38 mi3, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£210K05/210.38 mi5, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£284K06/230.39 mi6, Hingston Road, Torquay, Torbay TQ1 3RA3
£245K08/210.39 mi10, Hingston Road, Torquay, Torbay TQ1 3RA3
£133K09/230.39 mi49, Forest Road, Torquay, Torbay TQ1 4JP3
£220K04/210.4 mi29, Hingston Road, Torquay, Torbay TQ1 3RA3
£215K05/230.4 mi9, Springfield Road, Torquay, Torbay TQ1 3QA3
£227.5K01/210.41 mi13, Reddenhill Road, Torquay, Torbay TQ1 3RQ3
£205K10/200.41 mi14, Windermere Road, Torquay, Torbay TQ1 3RF3
£250K12/210.41 mi21, Windermere Road, Torquay, Torbay TQ1 3RF3

Local Rents

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

RentDateDistanceAddressBeds 
£87509/240.08 mi-3
£1,20003/250.13 mi-3
£53510/240.16 mi-3
£1,20009/240.18 mi-3
£1,05009/240.19 mi-3
£1,07011/240.23 mi-3
£1,08504/250.24 mi-3
£97509/240.3 miEllacombe Church Road, Torquay, Devon3
£1,40009/240.35 miThurlow Road, Torquay3
£1,40009/240.45 miForest Road, Torquay3
£1,65009/240.45 mi-3
£1,50010/240.45 mi-3
£1,25009/240.47 mi-3
£2,10009/240.5 mi-3
£1,50001/250.51 mi-3
£1,60004/250.51 mi-3
£1,30009/240.53 miSt Lukes Road North, Torquay3
£1,20012/240.55 mi-3
£1,05009/240.55 miGuestland Road, Torquay3
£96012/230.6 mi-3
£1,00001/250.6 mi-3

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Price changed to £215,000

April 1, 2025

Listed for £225,000

December 2, 2024

Floor Plans

Description

  • Chain Free +
  • Downstairs WC +
  • Newly Carpeted Throughout +
  • Rear Garden +
  • Seperate utility +
  • Short Walk Into Torquay Town Centre +
  • Three Double Bedrooms +
  • Two Reception Rooms +

Inside, the property has been recently refreshed with new paint throughout, alongside several renovations, including new flooring in the bathroom and kitchen and new carpeting across the rest of the home. The result is a bright, modern, and welcoming space ready for you to move in.

The ground floor features two generous reception rooms, ideal for entertaining or creating separate living and dining spaces. There is also a kitchen with an adjacent utility room for added convenience and a low-level WC, perfect for guests.

Upstairs, the property boasts three good-sized bedrooms, offering plenty of space for family members or home office use, as well as a modern family bathroom renovated to a high standard.

To the rear, the property features a tiered garden, perfect for pets, children, or enjoying outdoor relaxation.

This home combines spacious living with modern updates and an excellent location, making it a fantastic opportunity for buyers seeking a fresh start in the Torquay area. Arrange your viewing today to see everything this wonderful property has to offer!

Council Tax Band: c
Tenure: Freehold

Agent Details

Pegg Estates, Torquay

01803 221975

Next Steps?

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