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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 renovation and investment in a highly sought-after area of Torquay. Upon entering, you’ll find a spacious hallway that leads into an expansive lounge characterized by its generous dimensions and large windows that fill the room with natural light. This inviting atmosphere not only enhances the sense of space but also offers pleasing views of the surrounding landscape. The kitchen, while currently in need of modernization, is substantial and provides ample opportunity for redesign. With thoughtful planning, it can be transformed into a modern culinary space that reflects your personal style. Such renovations could significantly increase the property's value and appeal. Both bedrooms are well-sized, accommodating various layout options to suit your needs—whether furnished as cozy retreats, guest rooms, or even functional spaces like home offices. The master bedroom features large windows that invite in light and create a tranquil environment. One notable aspect of this property is the balcony, which serves as an excellent outdoor retreat. It offers stunning views and is perfect for enjoying morning coffee or unwinding at the end of the day. Located within the St Francis complex, the property benefits from well-maintained communal areas and includes access to a garage along with off-road parking for two vehicles—an advantageous feature in this desirable neighborhood. This flat holds significant renovation potential, allowing an owner to reimagine its current layout and design to their liking. The need for updates offers a blank canvas where customized improvements can result in substantial appreciation over time. Nestled in central Torquay on a quiet road within the Lincombes Conservation Area, you’re just half a mile from both Torquay Harbour and Meadfoot Beach, making it an ideal location for enjoying local amenities while maintaining a sense of peaceful living. Additional features include over 900 years remaining on the lease with no ground rent, shared ownership among residents, community-controlled maintenance fees, and permission for sub-leasing durations of 12 months or longer. The property also provides access to generous loft storage space. This flat stands out as a promising investment opportunity for those looking to create their ideal home or enhance its value through thoughtful renovations. For further details or to arrange a viewing, please get in touch today.

Investment Analysis

(TQ1 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£219/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£17,000 - £42,500
10-25% of property value
Target Value
£225,870
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ1)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.6%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on TQ1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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