2 Bed Terraced House, Single Let, Torrington, EX38 7NP, £155,000

Torrington, Devon, EX38 7NP - 2 views - 3 months ago

BTL
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£102K - £329K
Sold Prices/m²£1.6K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£185,087
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,300

Total Cash In

£45,050

 

 

Cash Out

 

Rent Range

£65 - £1,300

Rent Estimate

£609

Running Costs/mo

£626

Cashflow/mo

£-17

Cashflow/yr

£-206

Gross Yield

5%

Local Sold Prices

46 sold prices from £102K to £329K, average is £190K. £1.6K/m² to £6K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£200K04/210.09 mi63, Burwood Road, Torrington, Devon EX38 7NQ2
£317.5K01/230.09 mi39, Rosemoor Road, Torrington, Devon EX38 7NB2
£195K06/210.09 mi8, Rosemoor Road, Torrington, Devon EX38 7NB2
£170K03/210.09 mi21, Rosemoor Road, Torrington, Devon EX38 7NB2
£170K06/210.11 mi5, Oakwell Close, Torrington, Devon EX38 7PA2
£164K12/200.15 mi38, Caddywell Meadow, Torrington, Devon EX38 7NZ2
£329K04/230.15 mi18, Caddywell Meadow, Torrington, Devon EX38 7NZ2
£305K07/220.17 mi9, Prideaux Meadow, Torrington, Devon EX38 7NH2
£175K03/220.17 mi2, Caddywell Lane, Torrington, Devon EX38 7EE2
£280K12/220.17 mi8, Prideaux Meadow, Torrington, Devon EX38 7NH2
£223K10/220.18 mi16, Roscoff Close, Torrington, Devon EX38 7ND2
£240K09/220.31 mi53, Holwill Drive, Torrington, Devon EX38 7LQ2
£160K05/210.31 mi19, Holwill Drive, Torrington, Devon EX38 7LQ2
£200K01/230.31 mi86, Well Street, Torrington, Devon EX38 7BN2
£135K02/210.34 mi70, Calf Street, Torrington, Devon EX38 7BH2
£190K06/230.34 mi78, Calf Street, Torrington, Devon EX38 7BH2
£190K06/220.38 mi42a, Well Street, Torrington, Devon EX38 7BW2
£160K06/230.38 mi73a, Well Street, Torrington, Devon EX38 7BW2
£180K09/210.38 mi34, Castle Hill Gardens, Torrington, Devon EX38 8ET2
£170K08/230.4 mi54, Calf Street, Torrington, Devon EX38 7BG2
£222K04/220.41 mi7, Crowbeare Meadow, Torrington, Devon EX38 7DX2
£160K10/200.41 mi101, Castle Hill Gardens, Torrington, Devon EX38 8EX2
£200K01/230.41 mi42b, Well Street, Torrington, Devon EX38 7BW2
£200K04/210.42 mi2, Crowbeare Meadow, Torrington, Devon EX38 7DX2
£200K06/220.43 mi147, Castle Hill Gardens, Torrington, Devon EX38 8EX2
£250K09/220.45 mi25, Holwill Drive, Torrington, Devon EX38 7LQ2
£180K04/230.52 mi4, Cornmarket Street, Torrington, Devon EX38 8EY2
£136K03/210.55 miHopton's Folly Cottage, Church Walk, Torrington, Devon EX38 8HS2
£160K12/220.67 mi29, New Street, Torrington, Devon EX38 8BS2
£148K05/210.75 mi122, New Street, Torrington, Devon EX38 8BT2
£108K03/210.75 mi97, New Street, Torrington, Devon EX38 8BT2
£175K06/210.76 mi88, Trafalgar Drive, Torrington, Devon EX38 7AB2
£190K02/230.77 mi11, Mill Street, Torrington, Devon EX38 8AL2
£280K12/200.77 mi31, Mill Street, Torrington, Devon EX38 8AL2
£102K11/200.77 mi6a, Mill Street, Torrington, Devon EX38 8AL2
£180K07/210.77 mi37, Mill Street, Torrington, Devon EX38 8AL2
£205K01/230.78 mi9, Trafalgar Drive, Torrington, Devon EX38 7AD2
£195K07/230.8 mi132, New Street, Torrington, Devon EX38 8BU2
£320K07/220.81 mi63, Mill Street, Torrington, Devon EX38 8AL2
£217K12/220.82 mi143, New Street, Torrington, Devon EX38 8BU2
£170K01/210.86 mi176, New Street, Torrington, Devon EX38 8BX2
£190K08/210.88 mi80, Mill Street, Torrington, Devon EX38 8AN2
£220K07/210.88 miPickwick Cottage, 89, Mill Street, Torrington, Devon EX38 8AN2
£135K07/230.88 mi71, Mill Street, Torrington, Devon EX38 8AN2
£200K07/230.88 miPickwick Cottage, 89, Mill Street, Torrington, Devon EX38 8AN2
£186K11/201 mi88, Mill Street, Torrington, Devon EX38 8AW2

Local Rents

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

RentDateDistanceAddressBeds 
£75004/240.08 miOakwell Close, Great Torrington, Devon2
£87504/240.34 miMorton Drive, Torrington3
£90004/240.4 miCastle Hill Gardens, Great Torrington, EX383
£65004/240.43 miNew Road, Great Torrington, Devon2
£71005/240.46 miWell Street, Great Torrington, Devon2
£70004/240.55 mi-3
£70003/240.55 miBank House, Great Torrington, Devon2
£48504/240.58 miChurch Walk, Great Torrington, Devon1
£77505/240.72 miVictory Way, Devon2
£1,30004/240.72 miTrafalgar Drive, Torrington5
£1,30004/240.72 miTrafalgar Drive, Torrington5
£1,20010/240.74 mi-5
£6504/240.94 miSandford Gardens, Torrington1
£82503/241.77 miSunnyside, Torrington, Devon3
£90004/242.3 miWest Ford Farm Cottage, Little Torrington, Devon3

Local Area Statistics

Population in EX38

8,260

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

6.36 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Price changed to £155,000

March 16, 2025

Price changed to £160,000

January 23, 2025

Listed for £170,000

January 7, 2025

Floor Plans

Description

  • Two bedroom home +
  • Ideal starter home / investment +
  • Double glazing +
  • Gas to radiator heating +
  • Front and enclosed rear garden +
  • Allocated parking +

Welcome to this charming and modern terraced house, boasting two bedrooms and a range of desirable features. This property offers a convenient and accessible living experience, ideal for those seeking a comfortable and contemporary home. The house is bright and welcoming, creating a cosy atmosphere that you will love coming back to.

Step into the enclosed rear garden, perfect for relaxing or entertaining guests, and the benefit and convenience of allocated parking behind. Whether you are looking for a starter home, downsizing, or seeking an investment property, this house ticks all the boxes. Don't miss the opportunity to make this modern and affordable property your own. Contact us today to arrange a viewing and experience the charm of this delightful home.

The vendor informs us that the property is thought to be constructed of brick under a tiled roof. Your surveyor or conveyancer may be able to clarify further following their investigations.

Heating: Gas to radiator heating with emersion hot water.

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

Broadband coverage: Ultra fast available up to 300mbps (information taken from Ofcom checker)

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

Directions
From the Torrington Square take the Well Street exit and at the road junction turn left. At the mini roundabout with the Fire Station directly in front of you, turn right signposted Barnstaple/South Molton. Proceed until the next roundabout whereupon take the second exit onto the B3227 signposted South Molton and turn right into Borough Road. Take the first left into Burwood Road and approximately half way along, turn right into Parkes Road. The walkway approach to Hodges Walk will be found a short way along on the right hand side with the property situated on the right after a very short walk with for sale sign 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 💪