3 Bed Terraced House, Planning Permission, Torquay, TQ1 4FD, £160,000

Mckay Avenue, Torquay, TQ1 4FD - 6 views - 2 months ago

Sold STC
Leasehold
Planning
ROI: 6%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£125K - £420K
Sold Prices/m²£1.2K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£181,062

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£37,702

Bridging Loan Interest

£4,200

Total Cash In

£89,652

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£181,062

Mortgage (After Refinance)

£135,796

Mortgage LTV

75%

Cash Released

£15,796

Cash Left In

£73,855

Equity

£45,265

Rent Range

£875 - £2,100

Rent Estimate

£1,328

Running Costs/mo

£851

Cashflow/mo

£477

Cashflow/yr

£5,719

ROI

6%

Gross Yield

10%

Local Sold Prices

51 sold prices from £125K to £420K, average is £224K. £1.2K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£257K05/230.05 mi41, Oak Hill Road, Torquay, Torbay TQ1 4FL3
£207.5K12/200.15 mi19, Vansittart Road, Torquay, Torbay TQ2 5BW3
£220K10/210.16 mi4, Magdalene Road, Torquay, Torbay TQ1 4AF3
£165K03/210.17 mi113, Lymington Road, Torquay, Torbay TQ1 4BG3
£175K04/240.18 mi74, East Street, Torquay, Torbay TQ2 5SD3
£379.9K03/210.19 miCulvers, St Katherines Road, Torquay, Torbay TQ1 4DE3
£170K03/240.2 mi40, South Street, Torquay, Torbay TQ2 5AA3
£172.5K09/230.2 mi29, Church Lane, Torquay, Torbay TQ2 5SE3
£164K12/200.21 mi153, Lymington Road, Torquay, Torbay TQ1 4BE3
£250K12/220.21 mi22a, Upton Road, Torquay, Torbay TQ1 4AJ3
£180K12/200.21 mi126, Avenue Road, Torquay, Torbay TQ2 5LQ3
£125K10/210.22 mi12, Laburnum Street, Torquay, Torbay TQ2 5SF3
£420K10/220.23 miWharekoa, Rooklands Avenue, Torquay, Torbay TQ1 4DG3
£220K06/210.25 mi37, St Efrides Road, Torquay, Torbay TQ2 5SG3
£310K04/210.27 miGeorgian House, Thurlow Road, Torquay, Torbay TQ1 3DZ3
£134K07/210.29 mi199, Lymington Road, Torquay, Torbay TQ1 4AU3
£220K12/230.3 mi31, Crownhill Rise, Torquay, Torbay TQ2 5LR3
£220K12/230.3 mi31, Crownhill Rise, Torquay, Torbay TQ2 5LR3
£210K07/210.31 mi13, Crownhill Park, Torquay, Torbay TQ2 5LN3
£165K08/230.32 mi22, Tor Church Road, Torquay, Torbay TQ2 5UP3
£230K07/230.32 mi26, Tor Church Road, Torquay, Torbay TQ2 5UP3
£255K05/210.33 mi18, Jonida Close, Torquay, Torbay TQ1 4HG3
£315K12/200.33 mi52, Parkhurst Road, Torquay, Torbay TQ1 4EP3
£415K06/210.33 mi50, Parkhurst Road, Torquay, Torbay TQ1 4EP3
£165K10/210.34 mi1, Upton Hill, Torquay, Torbay TQ1 3EN3
£167K06/210.36 mi26, Forest Road, Torquay, Torbay TQ1 4JR3
£133K09/230.36 mi49, Forest Road, Torquay, Torbay TQ1 4JP3
£212K04/230.36 mi48, Upton Hill, Torquay, Torbay TQ1 3ER3
£205K08/210.37 mi35, Westbourne Road, Torquay, Torbay TQ1 4JT3
£420K06/210.38 miParmar, Cricketfield Road, Torquay, Torbay TQ2 7NP3
£189K11/200.38 mi54, Westbourne Road, Torquay, Torbay TQ1 4JU3
£262K04/230.38 mi52, Westbourne Road, Torquay, Torbay TQ1 4JU3
£180K05/230.38 mi2, Westbourne Road, Torquay, Torbay TQ1 4JU3
£220K05/240.39 mi2, Sanford Road, Torquay, Torbay TQ2 6AN3
£303K11/230.39 mi6, Pilmuir Avenue, Torquay, Torbay TQ2 6AJ3
£260K05/230.4 mi11, Lower Shirburn Road, Torquay, Torbay TQ1 3ET3
£353K08/230.4 mi36, St Marychurch Road, Torquay, Torbay TQ1 3JE3
£255K03/210.4 mi3, Innerbrook Road, Torquay, Torbay TQ2 6AG3
£230K10/210.41 mi34, Wrights Lane, Torquay, Torbay TQ1 4HN3
£265K06/230.43 mi60, Shirburn Road, Torquay, Torbay TQ1 4HR3
£151K11/230.43 mi41, Mallock Road, Torquay, Torbay TQ2 6AF3
£285K09/210.45 mi13, Fletcher Close, Torquay, Torbay TQ2 6DD3
£320K03/230.45 mi27, Fletcher Close, Torquay, Torbay TQ2 6DD3
£247K10/200.45 mi13, Briwere Road, Torquay, Torbay TQ1 4DU3
£320K07/230.45 mi11, Briwere Road, Torquay, Torbay TQ1 4DU3
£248K09/210.45 mi8, Haslam Road, Torquay, Torbay TQ1 4HW3
£240K03/230.45 mi16, Haslam Road, Torquay, Torbay TQ1 4HW3
£190K10/200.46 mi18, Blindwylle Road, Torquay, Torbay TQ2 6AE3
£225K11/230.46 mi3, Blindwylle Road, Torquay, Torbay TQ2 6AE3
£224K02/230.46 mi128, Teignmouth Road, Torquay, Torbay TQ1 4EX3
£235K11/210.46 mi5, Wordsworth Close, Torquay, Torbay TQ2 6EA3

Local Rents

22 rents from £875/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£2,10009/240.22 mi-3
£96012/230.23 mi-3
£1,00002/250.23 mi-3
£1,40009/240.26 miThurlow Road, Torquay3
£1,65009/240.27 mi-3
£1,50010/240.27 mi-3
£1,49511/240.35 mi-3
£1,60002/250.35 mi-3
£1,49503/250.35 mi-3
£99509/240.4 miInnerbrook Road,Chelston,Torquay,TQ23
£1,50001/250.42 mi-3
£1,60003/250.42 mi-3
£1,07011/240.42 mi-3
£1,20009/240.44 mi-3
£1,10002/240.46 mi-3
£1,20001/250.47 mi-3
£1,40009/240.49 miForest Road, Torquay3
£1,15009/240.5 miRosery Road, TQ2 6AX3
£1,20012/240.51 mi-3
£1,60004/250.53 mi-3
£1,30009/240.56 miHigher Audley Avenue, Torquay, 3
£87509/240.61 mi-3

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £160,000

February 4, 2025

Floor Plans

Description

  • MID TERRACED HOUSE +
  • THREE BEDROOMS +
  • LOUNGE / DINER +
  • ALLOCATED PARKING +
  • GARDEN +
  • CONVENIENT LOCATION +
  • NO CHAIN! +

Conveniently located on the outskirts of the town centre and within proximity of local shops, schools and bus routes is this 2-3 bedroom coach house style property. The accommodation comprises 2-3 bedrooms, spacious lounge/diner which is open plan to the kitchen, ground floor sitting room/ bedroom 3 plus a family bathroom. The property also has the benefit of an allocated off road parking space and a level and enclosed rear garden. The property is gas centrally heated and double glazed. This property requires some limited cosmetic improvements and will make a perfect first time purchase or investment opportunity. No onward chain! Entrance Hallway Double glazed door to the front entrance with double glazed window panel. Wood effect flooring. Consumer unit.  *Sitting Room 5.1mx 2.3m max A useful second reception which could be used as a lounge, games room, studio etc. Built in understairs cupboard. French doors to rear garden. Stairs rom main entrance to: First Floor landing A spacious landing area with a double glazed window to the rear aspect. Two storage cupboards providing handy shelved and hanging storage space. Access hatch to loft space. Radiator. Doors to:-  Lounge/Diner - 5.38m x 3.16m (17'7" x 10'4") A bright and airy living space with two double glazed windows to the front aspect. Ample space for a good size sofa and other lounge furniture. Wood effect flooring. Radiator. Opening to:- Kitchen Area - 4.23m x 2.2m (13'10" x 7'2") Fitted with a modern, matching range of wall and floor mounted units comprising cupboards and drawers. Rolled edge work surfaces with inset one bowl stainless steel sink unit with mixer tap. Stylish tiled splash backs. Fitted electric oven and fitted electric hob with fitted cooker hood above. Space for a washing machine and fridge/ freezer. Cupboard housing the gas combination boiler. Island unit with built in drawers and breakfast bar. Wood effect flooring matching the lounge area. Double glazed window to the rear aspect with an open outlook. Radiator.  Bedroom One- 3.43m x 3.2m (11'3" x 10'5") max A generous double bedroom with a double glazed window to the front aspect. Radiator.  Bedroom Two- 3.43m x 3.1m (11'3" x 10'2") max A bright and airy double bedroom with a double glazed window to the front aspect. Storage cupboard providing hanging and shelved storage space. Radiator.  Bathroom Fitted with a white suite comprising a vanity unit with a wash basin with mixer tap and a storage cupboard below, a push button WC with hidden cistern and a panelled bath with mains shower above. Chrome heated towel rail and extractor. Frosted double glazed window to the rear aspect. Tiled flooring. Shaver point.  Outside To the rear if the property is a level, enclosed rear garden comprising a paved sun patio leading onto a level turfed area with gravelled borders for a low maintenance finish. Parking The property also has an allocated parking space for one space in the car park area in front of the property.  Material Information Council Tax Band: C (Torbay Council)
Tenure: Leasehold (138 years) TBC
Service Charge: £400 per year TBC
There are 155 years remaining on the lease as of 1 August 2007 TBC *Note We are not able to verify that the conversion of the store to a sitting room/bedroom has building control, planning etc certificates. Please make suitable checks prior to purchase. AGENTS NOTES These details are meant as a guide only. Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc. Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale. Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed. We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.

Agent Details

Taylors (Torbay) Ltd, Torquay

01803 201904

Next Steps?

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