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Lower Woodfield Road, Torquay

South West

£170,000
Listed on 10/07/2025

Property Details

Bedrooms
2
Type
Flat
Area
775 sqft

Description

This two-bedroom flat presents a unique opportunity for those looking to invest in a property with significant renovation potential. Upon entry, the spacious hallway leads into a bright lounge area that offers ample room for both relaxation and social gatherings. Large windows ensure the space is well-lit and provide picturesque views over Torquay, enhancing its appeal. The kitchen, while currently in need of updates, boasts generous dimensions that allow for a personalized redesign. This area holds promise for transformation into a modern culinary space tailored to suit your personal preferences, making it an ideal project for creative homeowners or investors. Both bedrooms are thoughtfully designed, providing plenty of space for furnishings and storage solutions. The master bedroom particularly stands out with its large windows, offering serene views—a perfect setting for restful evenings. The second bedroom is equally spacious and versatile, suitable as a guest room, home office, or reading nook. A distinct feature of this property is the balcony that overlooks stunning vistas of Torquay. It's an inviting outdoor space to relax and enjoy your morning coffee or unwind at the end of the day. The St Francis complex is well-maintained and features landscaped communal areas that enhance the living environment. Notably, this property includes a garage along with off-road parking for two vehicles—an added convenience that is often hard to find in such a desirable location. Positioned within the peaceful Lincombes Conservation Area, this flat is just half a mile from both Torquay Harbour and Meadfoot Beach. Its central location provides easy access to local amenities while maintaining a sense of tranquility. With over 900 years remaining on the lease and no ground rent involved, this residence is not only an appealing living option but also presents long-term investment potential. The management company allows sub-leasing for periods of 12 months or longer and residents collectively manage maintenance fees, fostering an engaged community atmosphere. For those looking to unlock value through renovation while enjoying a prime coastal location, this flat offers an exciting prospect worth exploring further.

Investment Analysis

(TQ1 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£219/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£221,352
10% above area average per sq ft
Potential ROI
+5.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ1)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -1.2%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on TQ1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lower Woodfield Road, Torquay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£623
Based on a loan of £127,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE