3 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 4QQ, £190,000

Hartop Road, Torquay, Devon, TQ1 4QQ - 2 months ago

Auction
Refurb/BRRR
ROI: 5%
~78 m²
+4 photos

ValuationOvervalued

Sold Prices£91K - £855K
Sold Prices/m²£1.2K/m² - £10.3K/m²

 

 

Square Metres

~78.20 m²
Price/m²£2.4K/m²

Value Estimate

£172,587

 

 

End Value (After Refurb)

£186,190

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£31,702

Bridging Loan Interest

£4,988

Total Cash In

£97,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£186,190

Mortgage (After Refinance)

£139,643

Mortgage LTV

75%

Cash Left In

£97,939

Equity

£46,548

Rent Range

£535 - £2,000

Rent Estimate

£1,273

Running Costs/mo

£856

Cashflow/mo

£417

Cashflow/yr

£4,999

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £91K to £855K, average is £211.5K. £1.2K/m² to £10.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£215K12/210.05 mi18, Compton Place, Torquay, Torbay TQ1 4QP3
£200K12/200.11 mi4, Hilly Gardens Road, Torquay, Torbay TQ1 4QL3
£190K10/200.11 mi79, Hartop Road, Torquay, Torbay TQ1 4QJ3
£235K05/210.11 mi68, Hartop Road, Torquay, Torbay TQ1 4QJ3
£230K01/230.18 mi377, Teignmouth Road, Torquay, Torbay TQ1 4RR3
£210K12/200.2 miForge Cottage, Church Road, St Marychurch, Torquay, Torbay TQ1 4QY3
£381K07/230.2 mi28c, Church Road, St Marychurch, Torquay, Torbay TQ1 4QY3
£340K02/210.21 miRose Cottage, Priory Road, Torquay, Torbay TQ1 4NY3
£855K06/210.23 mi36, Petitor Road, Torquay, Torbay TQ1 4QF3
£245K07/210.26 mi32, Trumlands Road, Torquay, Torbay TQ1 4RN3
£415K03/230.28 mi27, St Margarets Road, Torquay, Torbay TQ1 4NU3
£260K06/230.3 miFern Cottage, Greenway Lane, St Marychurch, Torquay, Torbay TQ1 4NX3
£213K03/210.31 mi32, Barewell Road, Torquay, Torbay TQ1 4PA3
£680K12/220.31 miLittle Croft, Hampton Avenue, Torquay, Torbay TQ1 3LA3
£230K12/200.31 mi48, Barewell Road, Torquay, Torbay TQ1 4PA3
£299.9K04/230.31 mi50, Barewell Road, Torquay, Torbay TQ1 4PA3
£610K06/230.32 miFairways, Hampton Avenue, Torquay, Torbay TQ1 3LA3
£160K11/200.32 mi34, Fore Street, Barton, Torquay, Torbay TQ2 8BG3
£172K02/210.32 mi257, Teignmouth Road, Torquay, Torbay TQ1 4RT3
£172K02/210.32 mi2, Greenway Close, Torquay, Torbay TQ2 8EF3
£252.5K12/200.33 mi32, Happaway Road, Torquay, Torbay TQ2 8EE3
£155K08/230.33 mi27, Happaway Road, Torquay, Torbay TQ2 8EE3
£258K09/220.36 mi17, Byron Road, Torquay, Torbay TQ1 4PH3
£205K10/200.38 mi5, Winstone Avenue, Torquay, Torbay TQ2 8DZ3
£215K03/210.42 mi1, Coombe Lane, Torquay, Torbay TQ2 8DY3
£185K06/210.42 mi83, Westhill Road, Torquay, Torbay TQ1 4PD3
£236K01/230.42 mi76, Fore Street, Barton, Torquay, Torbay TQ2 8BL3
£180K07/210.42 mi76, Fore Street, Barton, Torquay, Torbay TQ2 8BL3
£240K03/210.43 mi218, Teignmouth Road, Torquay, Torbay TQ1 4RX3
£245K04/210.44 mi212, Teignmouth Road, Torquay, Torbay TQ1 4RX3
£175K06/210.44 mi7, Garth Road, Torquay, Torbay TQ2 8HA3
£201K09/210.44 mi4, Garth Road, Torquay, Torbay TQ2 8HA3
£248.5K02/240.44 mi1, Garth Road, Torquay, Torbay TQ2 8HA3
£210K11/200.44 mi32, Garth Road, Torquay, Torbay TQ2 8HA3
£185K11/200.44 mi5, Garth Road, Torquay, Torbay TQ2 8HA3
£248K08/230.44 mi4, Garth Road, Torquay, Torbay TQ2 8HA3
£170K05/210.45 mi13, Westhill Road, Torquay, Torbay TQ1 4PE3
£174K09/210.45 mi45, Westhill Road, Torquay, Torbay TQ1 4PE3
£190K11/210.46 mi6, Garth Road, Torquay, Torbay TQ2 8HA3
£170K09/210.47 mi271, Lichfield Avenue, Torquay, Torbay TQ2 8AQ3
£210K03/210.47 mi30, Daison Crescent, Torquay, Torbay TQ1 4LJ3
£191K06/210.47 mi18, Daison Crescent, Torquay, Torbay TQ1 4LJ3
£247K08/230.47 mi11, Daison Crescent, Torquay, Torbay TQ1 4LJ3
£227.5K12/230.48 mi8, East Pafford Avenue, Torquay, Torbay TQ2 8BZ3
£490K12/210.49 mi14, York Crescent, Torquay, Torbay TQ1 3SH3
£91K12/200.5 mi9, First Avenue, Torquay, Torbay TQ1 4JB3
£210K04/210.5 mi14, First Avenue, Torquay, Torbay TQ1 4JB3
£189K12/230.51 mi29, Hele Road, Torquay, Torbay TQ2 7PP3
£120K02/210.51 mi7, Hele Road, Torquay, Torbay TQ2 7PP3
£206K11/210.52 mi20, West Pafford Avenue, Torquay, Torbay TQ2 8BT3

Local Rents

33 rents from £535/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.12 miPetitor Road, Torquay3
£85011/240.19 mi-3
£1,10009/240.42 miSutherland Drive, Torquay, TQ23
£1,60009/240.43 miSt Albans Road, Babbacombe, Torquay3
£1,10004/250.48 mi-3
£1,29503/250.49 mi-3
£1,05009/240.54 miGuestland Road, Torquay3
£96211/240.63 mi-3
£1,20012/240.65 mi-3
£1,30009/240.69 miHigher Audley Avenue, Torquay, 3
£1,40009/240.7 miForest Road, Torquay3
£1,50009/240.71 miTrinity House, Torquay, Devon, TQ13
£1,15009/240.73 miSt Annes Road, Torquay3
£1,50001/250.75 mi-3
£1,60003/250.75 mi-3
£1,10002/240.8 mi-3
£1,25009/240.8 miFroude Avenue, Torquay, Devon3
£1,49511/240.82 mi-3
£1,60002/250.82 mi-3
£1,49503/250.82 mi-3
£97509/240.97 miEllacombe Church Road, Torquay, Devon3
£1,20009/241.07 mi-3
£1,40009/241.08 miThurlow Road, Torquay3
£53510/241.09 mi-3
£1,20003/251.1 mi-3
£1,49504/251.12 mi-3
£87509/241.12 mi-3
£1,35002/251.12 mi-3
£1,07011/241.15 mi-3
£1,40009/241.19 mi-3
£2,00009/241.19 mi-3
£1,60002/251.19 mi-3
£1,05009/241.23 mi-3

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

0.29 miles away

Nearest school

0.10 miles away

Nearest train station

1.31 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 £190,000

March 16, 2025

Listed for £210,000

February 20, 2025

Floor Plans

Description

  • Three bedrooms +
  • Spacious bathroom +
  • Light-filled kitchen +
  • Two Reception Rooms +
  • Open-plan living area +
  • Garden with outdoor dining +
  • Off-street parking +
  • Close to public transport +
  • Proximity to local schools +
  • Nearby walking routes +

Auction:

Presenting a charming terraced house for sale with a wealth of potential. This property is in need of modernising, providing you with the opportunity to create your dream home or investment.

The property boasts three bedrooms, distributed as a master bedroom, a double bedroom, and a cosy single bedroom. The spacious bathroom provides ample space for a relaxing bath or a brisk shower.

The heart of the home, the kitchen, is flooded with natural light, making it an enjoyable space to prepare meals. In addition, there are two reception rooms, one featuring large windows that allow sunlight to flood in, and the other being an open-plan area with a delightful view of the garden.

The exterior of the property offers a unique feature of parking space and a garden, allowing for outdoor dining and relaxation, as well as off-street parking.

Conveniently located, the property is within easy reach of public transport links, well-regarded local schools, and a range of local amenities. The area also abounds with walking routes for those who enjoy a leisurely stroll or a morning jog.

This property is ideal for first-time buyers looking to put their stamp on their first home, investors seeking a property with a wealth of potential, or families desiring a place to grow. To be sold at auction, this is an opportunity you don't want to miss.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NEA240645/2

Agent Details

Your Move Sales, Newton Abbot

01626 247668

Next Steps?

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