2 Bed Detached House, Refurb/BRRR, Torrington, EX38 7NZ, £190,000

1 Caddywell Meadow, Great Torrington, Devon, EX38 - 2 views - a month ago

Sold STC
Refurb/BRRR
~68 m²
+6 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£191,189

 

 

End Value (After Refurb)

£188,765

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,830

Bridging Loan Interest

£4,988

Total Cash In

£92,768

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,765

Mortgage (After Refinance)

£141,574

Mortgage LTV

75%

Cash Left In

£92,768

Equity

£47,191

Rent Range

£65 - £1,300

Rent Estimate

£809

Running Costs/mo

£772

Cashflow/mo

£37

Cashflow/yr

£448

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £102K to £329K, average is £190K. £1.6K/m² to £6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£164K12/200.03 mi38, Caddywell Meadow, Torrington, Devon EX38 7NZ2
£329K04/230.03 mi18, Caddywell Meadow, Torrington, Devon EX38 7NZ2
£175K03/220.06 mi2, Caddywell Lane, Torrington, Devon EX38 7EE2
£170K06/210.08 mi5, Oakwell Close, Torrington, Devon EX38 7PA2
£317.5K01/230.08 mi39, Rosemoor Road, Torrington, Devon EX38 7NB2
£195K06/210.08 mi8, Rosemoor Road, Torrington, Devon EX38 7NB2
£170K03/210.08 mi21, Rosemoor Road, Torrington, Devon EX38 7NB2
£223K10/220.13 mi16, Roscoff Close, Torrington, Devon EX38 7ND2
£240K09/220.16 mi53, Holwill Drive, Torrington, Devon EX38 7LQ2
£160K05/210.16 mi19, Holwill Drive, Torrington, Devon EX38 7LQ2
£200K01/230.19 mi86, Well Street, Torrington, Devon EX38 7BN2
£180K09/210.21 mi34, Castle Hill Gardens, Torrington, Devon EX38 8ET2
£160K10/200.23 mi101, Castle Hill Gardens, Torrington, Devon EX38 8EX2
£190K06/220.25 mi42a, Well Street, Torrington, Devon EX38 7BW2
£160K06/230.25 mi73a, Well Street, Torrington, Devon EX38 7BW2
£135K02/210.25 mi70, Calf Street, Torrington, Devon EX38 7BH2
£190K06/230.25 mi78, Calf Street, Torrington, Devon EX38 7BH2
£200K04/210.26 mi63, Burwood Road, Torrington, Devon EX38 7NQ2
£200K06/220.26 mi147, Castle Hill Gardens, Torrington, Devon EX38 8EX2
£200K01/230.27 mi42b, Well Street, Torrington, Devon EX38 7BW2
£250K09/220.27 mi25, Holwill Drive, Torrington, Devon EX38 7LQ2
£170K08/230.28 mi54, Calf Street, Torrington, Devon EX38 7BG2
£305K07/220.34 mi9, Prideaux Meadow, Torrington, Devon EX38 7NH2
£280K12/220.34 mi8, Prideaux Meadow, Torrington, Devon EX38 7NH2
£180K04/230.36 mi4, Cornmarket Street, Torrington, Devon EX38 8EY2
£136K03/210.4 miHopton's Folly Cottage, Church Walk, Torrington, Devon EX38 8HS2
£222K04/220.48 mi7, Crowbeare Meadow, Torrington, Devon EX38 7DX2
£200K04/210.49 mi2, Crowbeare Meadow, Torrington, Devon EX38 7DX2
£160K12/220.52 mi29, New Street, Torrington, Devon EX38 8BS2
£148K05/210.6 mi122, New Street, Torrington, Devon EX38 8BT2
£108K03/210.6 mi97, New Street, Torrington, Devon EX38 8BT2
£190K02/230.61 mi11, Mill Street, Torrington, Devon EX38 8AL2
£280K12/200.61 mi31, Mill Street, Torrington, Devon EX38 8AL2
£102K11/200.61 mi6a, Mill Street, Torrington, Devon EX38 8AL2
£180K07/210.61 mi37, Mill Street, Torrington, Devon EX38 8AL2
£320K07/220.65 mi63, Mill Street, Torrington, Devon EX38 8AL2
£195K07/230.65 mi132, New Street, Torrington, Devon EX38 8BU2
£175K06/210.66 mi88, Trafalgar Drive, Torrington, Devon EX38 7AB2
£217K12/220.67 mi143, New Street, Torrington, Devon EX38 8BU2
£205K01/230.67 mi9, Trafalgar Drive, Torrington, Devon EX38 7AD2
£190K08/210.71 mi80, Mill Street, Torrington, Devon EX38 8AN2
£220K07/210.71 miPickwick Cottage, 89, Mill Street, Torrington, Devon EX38 8AN2
£135K07/230.71 mi71, Mill Street, Torrington, Devon EX38 8AN2
£200K07/230.71 miPickwick Cottage, 89, Mill Street, Torrington, Devon EX38 8AN2
£170K01/210.71 mi176, New Street, Torrington, Devon EX38 8BX2
£186K11/200.83 mi88, Mill Street, Torrington, Devon EX38 8AW2
£186K11/200.84 mi88, Mill Street, Torrington, Devon EX38 8AW2
£185K05/210.84 mi94, Mill Street, Torrington, Devon EX38 8AW2
£270K11/210.84 mi12, St Marys Close, Torrington, Devon EX38 8AS2
£240K12/200.85 mi8, St Marys Close, Torrington, Devon EX38 8AS2

Local Rents

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

RentDateDistanceAddressBeds 
£75004/240.1 miOakwell Close, Great Torrington, Devon2
£90004/240.23 miCastle Hill Gardens, Great Torrington, EX383
£87504/240.27 miMorton Drive, Torrington3
£65004/240.3 miNew Road, Great Torrington, Devon2
£71005/240.31 miWell Street, Great Torrington, Devon2
£70005/240.4 mi-3
£70003/240.4 miBank House, Great Torrington, Devon2
£48504/240.43 miChurch Walk, Great Torrington, Devon1
£77505/240.61 miVictory Way, Devon2
£1,30004/240.63 miTrafalgar Drive, Torrington5
£1,30004/240.63 miTrafalgar Drive, Torrington5
£1,20010/240.64 mi-5
£6504/240.77 miSandford Gardens, Torrington1
£82503/241.92 miSunnyside, Torrington, Devon3
£90004/242.13 miWest Ford Farm Cottage, Little Torrington, Devon3

Local Area Statistics

Population in EX38

8,260

Town centre distance

0.40 miles away

Nearest school

0.10 miles away

Nearest train station

6.53 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £190,000

March 11, 2025

Floor Plans

Description

  • No onward chain +
  • Scope for improvement +
  • Detached +
  • 2 bedrooms +
  • Cul-de-sac location +
  • Enclosed garden +
  • Ideal for 1st time buyers +

Positioned at the end of a private cul de sac on Caddywell Meadow, this 2-bedroom detached property sits within a generous plot providing countryside views and private space to enjoy as well as having its own allocated parking space. The property is in need of modernisation but provides a brilliant base to work with to create the perfect first home.

You enter the property with the kitchen straight ahead, this is a compact but well-equipped space with a fridge freezer, electric oven hob and stainless sink with drainer. Adjacent is the downstairs w.c. and you then have the sitting dining room. This is a lovely open space that in turn leads into the conservatory to the rear. This gives access to those lovely rear views over the garden and out to the countryside beyond.

Moving upstairs the two bedrooms currently have an archway between, the second bedroom having been utilised as a shower room, this could easily be changed back to create the second bedroom as the bathroom is found adjacent with a bath and shower over, w.c. and wash hand basin. Above the landing is an access into the boarded loft, providing handy storage.

Outside the garden has a mix of paved and lawn areas, with a greenhouse and shed. Down the left-hand side of the property is a handy brick built store/workshop that opens at both ends providing through access to the garden. There is also a side gate that gives access to the rear.
From Torrington town centre take the Well Street exit and turn left at the T-junction with New Road. At the roundabout with the fire station in front of you turn right and bear right again at the next roundabout. Take the 2nd right turn marked Borough Road and the 2nd left turn marked Rosemoor Road. Continue into Rosemoor Road then bear right into Caddywell Meadow follow the road bearing to the left where the property will be found on the right at the end of the cul-de-sac.
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Agent Details

Webbers Property Services, Torrington

020 3893 2650

Next Steps?

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