3 Bed Flat, Single Let, Torquay, TQ2 8JE, £95,000

33 South Parks Road, Torquay, Devon - 1 views - a month ago

Sold STC

Leasehold

BTL

ROI: 16%

68 m²

+7 photos

ValuationUndervalued

Sold Prices	£89K - £485K
Sold Prices/m²	£1.4K/m² - £3.6K/m²

Square Metres	68 m²
Price/m²	£1.4K/m²
Value Estimate	£114,000£114,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,750£23,750
Stamp Duty & Legal Fees	£5,950£5,950
Total Cash In	£29,700£29,700

Cash Out
Rent Range	£850 - £2,000£850 - £2,000
Rent Estimate	£906
Running Costs/mo	£498£498
Cashflow/mo	£408£408
Cashflow/yr	£4,895£4,895
ROI	16%16%
Gross Yield	11%11%

Local Sold Prices

20 sold prices from £89K to £485K, average is £209K. £1.4K/m² to £3.6K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	10/23	0.11 mi	109a, Barton Hill Road, Torquay, Torbay TQ2 8JA	£2,417	60	3	Flat
£94K	11/20	0.26 mi	First Floor Flat, 171, Lichfield Avenue, Torquay, Torbay TQ2 8AL	-	-	3	Flat
£89K	10/20	0.31 mi	221, Lichfield Avenue, Torquay, Torbay TQ2 8AJ	£1,369	65	3	Flat
£165K	11/20	0.52 mi	41, Audley Avenue, Torquay, Torbay TQ2 7PB	£1,919	86	3	Flat
£160K	09/21	0.81 mi	Flat 1, Sutton Heights, Sutton Close, Torquay, Torbay TQ2 8LL	-	-	3	Flat
£345K	10/20	1.03 mi	Westgate, 61a, Petitor Road, Torquay, Torbay TQ1 4QF	-	-	3	Flat
£226K	09/21	1.14 mi	52a, Thurlow Road, Torquay, Torbay TQ1 3EG	-	-	3	Flat
£191K	11/21	1.23 mi	Flat 8, Rathlin, Palermo Road, Torquay, Torbay TQ1 3NW	-	-	3	Flat
£245K	05/23	1.23 mi	Flat 8, Rathlin, Palermo Road, Torquay, Torbay TQ1 3NW	-	-	3	Flat
£287K	05/21	1.24 mi	Upper Horsley, Aveland Road, Torquay, Torbay TQ1 3PT	-	-	3	Flat
£298K	06/23	1.7 mi	Flat 6, Cumberland House, Warren Road, Torquay, Torbay TQ2 5TU	-	-	3	Flat
£227.5K	05/21	1.72 mi	Upper Kismet, Greenway Road, Chelston, Torquay, Torbay TQ2 6JE	£2,655	86	3	Flat
£192K	05/24	1.85 mi	Springhill, Top Floor Flat, Solsbro Road, Torquay, Torbay TQ2 6PF	-	-	3	Flat
£485K	12/20	1.88 mi	Apartment B7, Masts, Warren Road, Torquay, Torbay TQ2 5SW	-	-	3	Flat
£305K	07/21	2.25 mi	Flat 5, Woodfield Court, Higher Woodfield Road, Torquay, Torbay TQ1 2LD	-	-	3	Flat
£165K	04/21	2.41 mi	32a, Roundhill Road, Torquay, Torbay TQ2 6TH	£2,200	75	3	Flat
£300K	03/21	2.53 mi	Flat 22, Meadwood, St Marks Road, Torquay, Torbay TQ1 2EH	-	-	3	Flat
£165K	11/22	2.88 mi	10a, Headland Park Road, Paignton, Torbay TQ3 2EJ	£1,701	97	3	Flat
£157.5K	02/21	2.88 mi	Upper Flat, 32, Headland Park Road, Paignton, Torbay TQ3 2EJ	-	-	3	Flat
£275K	05/21	2.93 mi	17, Swanborough Road, Newton Abbot, Devon TQ12 4JL	£3,599	76	3	Flat

Local Rents

29 rents from £850/mo to £2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£962	11/24	0.3 mi	-	3	Terraced House
£1,350	02/25	0.35 mi	-	3	Detached House
£1,495	04/25	0.4 mi	-	3	Semi-Detached House
£1,295	03/25	0.44 mi	-	3	Semi-Detached House
£1,100	04/25	0.51 mi	-	3	Terraced House
£1,300	09/24	0.61 mi	Higher Audley Avenue, Torquay,	3	Terraced House
£850	11/24	0.62 mi	-	3	Terraced House
£1,100	09/24	0.63 mi	Sutherland Drive, Torquay, TQ2	3	Detached House
£1,100	02/24	0.68 mi	-	3	Semi-Detached House
£1,250	09/24	0.79 mi	Froude Avenue, Torquay, Devon	3	Flat
£1,495	11/24	0.82 mi	-	3	Flat
£1,600	02/25	0.82 mi	-	3	Flat
£1,495	03/25	0.82 mi	-	3	Flat
£1,300	09/24	0.86 mi	Petitor Road, Torquay	3	Flat
£1,200	12/24	0.87 mi	-	3	Semi-Detached House
£1,500	01/25	0.91 mi	-	3	Flat
£1,600	03/25	0.91 mi	-	3	Flat
£1,500	09/24	0.93 mi	Shiphay, Torquay	3	Detached House
£1,400	09/24	0.97 mi	Forest Road, Torquay	3	Terraced House
£1,500	09/24	1.06 mi	Trinity House, Torquay, Devon, TQ1	3	Flat
£1,050	09/24	1.16 mi	Guestland Road, Torquay	3	Flat
£1,600	09/24	1.16 mi	St Albans Road, Babbacombe, Torquay	3	Flat
£1,200	11/24	1.17 mi	-	3	Semi-Detached House
£1,200	03/25	1.17 mi	-	3	Semi-Detached House
£1,400	09/24	1.23 mi	Thurlow Road, Torquay	3	Detached House
£1,400	09/24	1.23 mi	-	3	Semi-Detached House
£2,000	09/24	1.23 mi	-	3	Semi-Detached House
£1,600	02/25	1.23 mi	-	3	Semi-Detached House
£1,250	11/24	1.24 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TQ2	34,08834,088
Population in Torquay	65,31965,319
Town centre distance	0.79 miles away0.79 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.09 miles away1.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+30%+30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £95,000

March 15, 2025

Floor Plans

Description

This well presented property is being offered to the market with no onward chain and is an ideal investment or first time buyer purchase. The property is located in a popular area of Torquay with all amenities close by. There is a communal hallway with three flights of stairs leading to the main accommodation.