3 Bed Terraced House, Single Let, Torrington, EX38 8AN, £100,000

34 Mill Street, Torrington, Devon, EX38 8AN - 3 months ago

Sold STC
Auction
BTL
ROI: 6%
74 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

74 m²
Price/m²£1.4K/m²

Value Estimate

£124,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£65 - £1,300

Rent Estimate

£609

Running Costs/mo

£454

Cashflow/mo

£155

Cashflow/yr

£1,856

ROI

6%

Gross Yield

7%

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 
£180K07/210.03 mi50, Mill Street, Torrington, Devon EX38 8AN3
£105K06/210.03 mi30, Mill Street, Torrington, Devon EX38 8AN3
£260K12/220.08 mi45, Mill Street, Torrington, Devon EX38 8AL3
£350K11/200.09 miPury Cottage, Warren Lane, Torrington, Devon EX38 8AG3
£196K11/200.14 mi160, New Street, Torrington, Devon EX38 8BU3
£196K11/200.15 mi160, New Street, Torrington, Devon EX38 8BU3
£250K11/220.16 mi147, New Street, Torrington, Devon EX38 8BU3
£266K05/210.16 mi102, Mill Street, Torrington, Devon EX38 8AW3
£310K06/210.16 mi114, Mill Street, Torrington, Devon EX38 8AW3
£185K12/220.16 mi86, Mill Street, Torrington, Devon EX38 8AW3
£200K05/230.17 mi63, New Street, Torrington, Devon EX38 8BT3
£175K10/200.17 mi171, New Street, Torrington, Devon EX38 8BX3
£215K06/230.17 mi177, New Street, Torrington, Devon EX38 8BX3
£295K07/220.17 mi161, New Street, Torrington, Devon EX38 8BX3
£177.5K02/210.2 mi11, Louise Terrace, Torrington, Devon EX38 8DB3
£230K08/220.21 mi9, Louise Terrace, Torrington, Devon EX38 8DB3
£137.5K06/210.22 mi33a, New Street, Torrington, Devon EX38 8BS3
£90K07/220.24 miKempton House, Whites Lane, Torrington, Devon EX38 8DS3
£290K11/210.24 mi209, New Street, Torrington, Devon EX38 8BY3
£250K12/200.24 mi190, New Street, Torrington, Devon EX38 8BY3
£266K02/210.24 mi209, New Street, Torrington, Devon EX38 8BY3
£250K10/220.24 mi19, Town Park, Torrington, Devon EX38 7AQ3
£205K09/210.24 mi4, Moorland Terrace, Torrington, Devon EX38 8DD3
£270K11/210.25 mi12, St Marys Close, Torrington, Devon EX38 8AS3
£202K02/210.25 mi24, Town Park, Torrington, Devon EX38 7AQ3
£225K08/220.32 mi50, Town Park, Torrington, Devon EX38 7AH3
£375K04/210.32 miTranquility, School Lane, Torrington, Devon EX38 7AJ3
£167.5K03/210.32 mi4, School Lane, Torrington, Devon EX38 7AJ3
£220K03/210.33 mi48, Town Park, Torrington, Devon EX38 7AH3
£181.5K12/200.33 mi40, Town Park, Torrington, Devon EX38 7AH3
£300K12/220.33 mi35, Town Park, Torrington, Devon EX38 7AH3
£371K10/210.35 miPensilva, Castle Street, Torrington, Devon EX38 8EZ3
£177K08/210.35 mi4, Castle Street, Torrington, Devon EX38 8EZ3
£320K09/220.35 mi11, Castle Street, Torrington, Devon EX38 8EZ3
£250K09/220.41 mi95, Trafalgar Drive, Torrington, Devon EX38 7AD3
£260K08/220.41 mi31, Well Street, Torrington, Devon EX38 8EP3
£165K11/200.42 mi12, Calf Street, Torrington, Devon EX38 8EQ3
£237.5K06/230.42 mi4, Calf Street, Torrington, Devon EX38 8EQ3
£240K07/220.43 mi8, Victory Way, Torrington, Devon EX38 7AR3
£166.5K11/200.43 mi91, Trafalgar Drive, Torrington, Devon EX38 7AD3
£185K05/210.44 mi14, Trafalgar Drive, Torrington, Devon EX38 7AB3
£260K02/230.45 mi2, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£282.5K08/230.45 mi25, Castle Hill Gardens, Torrington, Devon EX38 8EX3
£203K05/220.46 mi81, Castle Hill Gardens, Torrington, Devon EX38 8EX3
£210K09/210.47 mi28, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£235K02/230.47 mi60, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£210K07/210.47 mi46, Castle Hill Gardens, Torrington, Devon EX38 8ET3
£190K11/200.49 mi51, Well Street, Torrington, Devon EX38 7BW3
£175K11/200.5 mi19, Calf Street, Torrington, Devon EX38 7BG3
£175K11/200.5 mi19, Calf Street, Torrington, Devon EX38 7BG3

Local Rents

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

RentDateDistanceAddressBeds 
£6504/240.09 miSandford Gardens, Torrington1
£48504/240.3 miChurch Walk, Great Torrington, Devon1
£70003/240.31 miBank House, Great Torrington, Devon2
£70004/240.31 mi-3
£71005/240.4 miWell Street, Great Torrington, Devon2
£77505/240.43 miVictory Way, Devon2
£90004/240.46 miCastle Hill Gardens, Great Torrington, EX383
£65004/240.46 miNew Road, Great Torrington, Devon2
£1,30004/240.47 miTrafalgar Drive, Torrington5
£1,30004/240.47 miTrafalgar Drive, Torrington5
£1,20010/240.48 mi-5
£87504/240.6 miMorton Drive, Torrington3
£75004/240.78 miOakwell Close, Great Torrington, Devon2
£90004/241.64 miWest Ford Farm Cottage, Little Torrington, Devon3
£1,20004/242.42 miMonkleigh, Bideford5

Local Area Statistics

Population in EX38

8,260

Town centre distance

0.39 miles away

Nearest school

0.60 miles away

Nearest train station

7.10 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £100,000

January 16, 2025

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • NO ONWARD CHAIN +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Four Piece Bathroom +
  • Courtyard and Detached Garden +
  • Close to Town +

This charming terraced home presents a wonderful opportunity to own a comfortable and conveniently located home in a sought-after area. Boasting three bedrooms, this property offers ample space for a growing family or those looking to put their own stamp on the property. With its spacious layout, this property is ideal for those seeking a blend of comfort and practicality.

The property does have a right of way past the next doors property, leading to the front courtyard garden and entrance via the front door. When entering the property, you then realise how much space you actually have here and the potential to turn this into your beautiful home. With the front of the property being south facing, this creates a bright and airy living room with a slight distant view between the homes of Mill Street. The dining room is again a great size and flows off from the kitchen at the rear. The kitchen boast plenty of cupboard and worktop space with access out to the courtyard. Upstairs comprises of three bedrooms, two of which are double, two of which benefit from the distant views and the family four piece bathroom.

Outside you do benefit from an enclosed private courtyard with access to an outside shed. This is a perfect additional storage space that does also houses the boiler. Yes, the garden is detached from the property – accessed from a right of way, up steps and along a footpath but once there, WOW! Its offers a relatively secluded haven currently a blank canvass for those that love a bit of gardening. Being elevated from the house the garden provides some stunning views across the rolling hills of the Torridge Valley with the village of Taddiport nestled below.

Don't miss out on the chance to make this delightful house your new home. Contact us today to arrange a viewing and secure your place in this thriving community.

The home is located in a stunning part of town and is just a short walk away from all the amenities Great Torrington has to offer. A bustling and pretty little town, Torrington offers everything from a local butchers, green grocers, bakery, supermarket, take away’s, the Pannier Market and the some 365 acres of countryside allowing 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.

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 property does have two rights of way across neighbouring properties. Please be aware the home requires a good deal of investment. We believe there is no felt covering below the roof tiles.

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

Heating: Gas combi boiler.

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

Broadband coverage: Superfast available up to 80mbps (information taken from Ofcom checker)

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

Directions
On foot from Torrington Square proceed up the hill along South Street passing the Co-op and the public car park on your left hand side. At the top as the road bears right into Whites Lane, continue straight on and down the hill into Mill Street where No 34 will be found on your right hand side. Alternatively, by car from Torrington take the A386 (New Street) towards Bideford and upon leaving the town turn left onto the B3227 signposted Langtree/Holsworthy. Follow the road through the bends and before Taddiport Bridge, take the left hand turning into Mill Street where No 34 will be found on the left hand side.

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 💪