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VICARAGE CLOSE BRIXHAM

South West

£199,950
Listed on 06/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1022 sqft

Description

This two-bedroom town house, located in a discreet residential area, presents a promising renovation opportunity for those looking to invest. Nestled within a community of similar properties, it offers easy access to the town centre, harbour, and nearby schools. Although the property is being sold with no chain, it does require some updating to match modern standards, making it an excellent project for both first-time buyers and seasoned investors alike. The ground floor features an integral garage and a spacious entrance hall that flows into a cloakroom. On the first floor, you'll find a generously sized lounge/dining room that opens onto a front balcony, alongside a functional kitchen with access to a small courtyard garden at the rear. The second floor includes two double bedrooms equipped with built-in wardrobes and a shared bathroom. Double glazing is present throughout most of the property along with gas central heating. With residents' parking available at the front and potential for enhancement throughout, this home is worthy of consideration for those looking to create their ideal living space.

Investment Analysis

(TQ5 area)

Below Market Value

This property is priced -40.7% below area average per sq ft

-40.7%
Potential saving
This Property
£196/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£371,042
10% above area average per sq ft
Potential ROI
+64.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ5)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -3.4%
5 year growth: 22.8%
Investment Disclaimer: Analysis based on TQ5 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

VICARAGE CLOSE BRIXHAM
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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
£732
Based on a loan of £149,962 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