3 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 1PD, £190,000

Princes Road West, Torquay, Devon, TQ1 1PD - 1 views - 24 days ago

Refurb/BRRR
ROI: 4%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£140K - £360K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£198,056

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£37,702

Bridging Loan Interest

£4,988

Total Cash In

£103,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,056

Mortgage (After Refinance)

£148,542

Mortgage LTV

75%

Cash Released

£6,042

Cash Left In

£97,897

Equity

£49,514

Rent Range

£535 - £1,955

Rent Estimate

£1,218

Running Costs/mo

£883

Cashflow/mo

£335

Cashflow/yr

£4,026

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £140K to £360K, average is £210K. £1.3K/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£170K07/210.02 mi17, Princes Road West, Torquay, Torbay TQ1 1PB3
£170K03/210.03 mi26, Princes Road West, Torquay, Torbay TQ1 1PD3
£177.3K09/210.08 mi39, Cavern Road, Torquay, Torbay TQ1 1NS3
£180K08/230.12 mi42, Princes Road, Torquay, Torbay TQ1 1NP3
£220K01/230.14 mi19, Princes Road East, Torquay, Torbay TQ1 1PF3
£235K11/210.15 mi7, Palatine Close, Torquay, Torbay TQ1 1RD3
£155K11/200.18 mi26, Alexandra Road, Torquay, Torbay TQ1 1HZ3
£155K05/210.19 mi3, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£210K05/210.19 mi5, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£215K07/210.2 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£171K12/200.2 mi76, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£215K07/210.2 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£192K01/230.2 mi52, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£165K03/230.2 mi18, Ellacombe Road, Torquay, Torbay TQ1 3AT3
£175K05/230.21 mi32, Denys Road, Torquay, Torbay TQ1 1JL3
£142.5K10/200.22 mi79, Princes Road East, Torquay, Torbay TQ1 1PG3
£220K02/230.22 mi107, Princes Road East, Torquay, Torbay TQ1 1PG3
£197.5K05/230.24 mi40, Woodville Road, Torquay, Torbay TQ1 1LP3
£210K06/230.25 mi48, Egerton Road, Torquay, Torbay TQ1 1JJ3
£276.5K02/230.25 miCastle Dene, Castle Lane, Torquay, Torbay TQ1 3BE3
£187.5K08/230.26 mi2, Wellington Place, Torquay, Torbay TQ1 3AZ3
£175K10/200.26 mi6, Dunmere Road, Torquay, Torbay TQ1 1LR3
£205K11/210.26 mi20, Dunmere Road, Torquay, Torbay TQ1 1LR3
£160K02/210.28 mi33, Kenwyn Road, Torquay, Torbay TQ1 1LU3
£185K05/210.28 mi16, Grange Road, Torquay, Torbay TQ1 1JZ3
£171.5K05/210.28 mi34, Berea Road, Torquay, Torbay TQ1 1JP3
£360K12/220.29 mi26, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£191K08/210.29 mi62, Kenwyn Road, Torquay, Torbay TQ1 1LX3
£246.5K05/210.32 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£205K05/210.33 mi1, Florida Road, Torquay, Torbay TQ1 1JY3
£308K09/230.33 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£260K06/210.35 mi2, Pine View Road, Torquay, Torbay TQ1 1JT3
£310K03/210.37 miPenderyn, Hatfield Road, Torquay, Torbay TQ1 3BW3
£278K10/210.39 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£250K07/230.39 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£325K07/210.39 miGlenton, Bronshill Road, Torquay, Torbay TQ1 3HA3
£300K06/210.4 mi188, Windsor Road, Torquay, Torbay TQ1 1SP3
£325K01/210.4 mi138, Windsor Road, Torquay, Torbay TQ1 1SR3
£156K07/210.4 mi27, Warren Road, Torquay, Torbay TQ2 5TQ3
£230K02/210.41 mi9, Bronshill Mews, Torquay, Torbay TQ1 3HT3
£259.3K03/210.42 mi69, Braddons Hill Road East, Torquay, Torbay TQ1 1HF3
£263K01/210.42 mi55, Braddons Hill Road East, Torquay, Torbay TQ1 1HF3
£250K08/230.42 mi57, Braddons Hill Road East, Torquay, Torbay TQ1 1HF3
£255K11/200.42 mi40, Museum Road, Torquay, Torbay TQ1 1DW3
£227.5K01/210.43 mi13, Reddenhill Road, Torquay, Torbay TQ1 3RQ3
£353K08/230.43 mi36, St Marychurch Road, Torquay, Torbay TQ1 3JE3
£205K10/200.44 mi14, Windermere Road, Torquay, Torbay TQ1 3RF3
£250K12/210.44 mi21, Windermere Road, Torquay, Torbay TQ1 3RF3
£140K11/200.45 mi51, Rock Road, Torquay, Torbay TQ2 5SR3
£185K01/210.45 mi10, Netherleigh Road, Torquay, Torbay TQ1 3HB3

Local Rents

16 rents from £535/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.1 mi-3
£53510/240.11 mi-3
£87509/240.19 mi-3
£1,05009/240.2 mi-3
£1,08504/250.23 mi-3
£97509/240.28 miEllacombe Church Road, Torquay, Devon3
£1,25009/240.28 mi-3
£1,20009/240.36 mi-3
£1,07011/240.38 mi-3
£1,20009/240.45 miMuseum Way, Torquay3
£1,30009/240.49 miSt Lukes Road North, Torquay3
£1,40009/240.54 miThurlow Road, Torquay3
£1,95509/240.54 miLisburne Square, Babbacombe Road, Torquay, TQ1 1HN3
£1,25002/250.57 mi-3
£1,65009/240.59 mi-3
£1,50010/240.59 mi-3

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

0.96 miles away

Nearest school

0.30 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £190,000

April 2, 2025

Floor Plans

Description

  • Offered With No Chain +
  • Three Double Bedrooms +
  • 17' Sitting Room +
  • 13' Dining Room +
  • Utility Room +
  • 15' Kitchen/Breakfast Room +
  • Bathroom +
  • Rear Garden +
  • In Need Of Renovation +
  • ER-E +

GUIDE PRICE £190,000 TO £210,000
Set over 1023 sq. ft. this wonderful, period property is in need of renovation. This spacious family home offers generous accommodation to include 17' sitting room, 13' dining room, 15' kitchen/breakfast room, bathroom & three double bedrooms. Externally a tiered rear garden completes and is offered with no chain. ER-E

GUIDE PRICE £190,000 TO £210,000
This wonderful opportunity is available with no onward chain. In need of renovation this period family home is a blank canvas ready for someone’s vision to restore it to its former glory. The property is double fronted, light and offers generous accommodation throughout. The accommodation is arranged over 1023 Sq. Ft. to include a 17' sitting room, a 13' dining room, a 15' kitchen/dining room, utility, bathroom and three double bedrooms with a 17' master bedroom. The property benefits from high ceilings, inviting entrance hallway and spacious landing. To the rear of the property is a two tiered garden, with feature patio area to enjoy the Devonshire summer sun. ER-E

Agent Details

Tamar Estates, Liskeard

01579 558850

Next Steps?

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