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PENPETHY CLOSE BRIXHAM

South West

£329,950
Listed on 21/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
936 sqft

Description

This detached three-bedroom house presents a promising opportunity for renovation and investment, situated at the lower end of Penpethy Road. Its advantageous location offers easy access to Brixham's town center, harbor, and waterfront, making it appealing for both family living and future renters. The property features a spacious layout that currently requires modern updates to realize its full potential. On the ground floor, you'll find a cloakroom/W.C., a fitted kitchen with ample working surfaces, and a dining room that connects to an inviting lounge. The lounge is enhanced by double-aspect windows and sliding doors that lead out to a front balcony, allowing for natural light and pleasant views. Upstairs, the principal bedroom benefits from triple aspect windows and retains fitted furniture that can serve as a foundational element or be updated according to personal taste. Two additional bedrooms are also well-sized, each providing views of the surrounding area. A shower room with practical amenities completes this level. The exterior offers valuable outdoor space, featuring sunny terraced gardens that wrap around the property. A single garage is accessible at ground level, while a 20ft outhouse at the back provides additional storage space – an asset for those seeking extra utility or potential workspace. With gas central heating already installed and no onward chain complicating the sale process, this property stands ready for someone with vision to transform it into a contemporary residence or rental investment. The local area enjoys good connectivity to essential services and broadband options are available, both desirable traits for modern living. Overall, this is an excellent opportunity for anyone looking to enhance their investment portfolio in a sought-after coastal town.

Investment Analysis

(TQ5 area)

Above Market Value

This property is priced +6.8% above area average per sq ft

+6.8%
This Property
£353/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£339,819
10% above area average per sq ft
Potential ROI
-8.1%
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

PENPETHY 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
£1,209
Based on a loan of £247,462 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