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Abbey Road, Torquay

South West

£240,000
Listed on 07/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1367 sqft

Description

This three-bedroom property is situated in the heart of town, presenting an excellent opportunity for renovation and investment. As you enter through a welcoming hallway, the spacious double reception room greets you with its abundant natural light and large windows, offering a canvas that can be reimagined to suit your style. This adaptable area has the potential to become a comfortable living space and dining area, awaiting your personal touch to enhance its character. The kitchen serves as the practical core of the home, equipped with a generous selection of wall and base units that provide necessary storage for daily activities. Adjacent to the kitchen is a flexible storage room that holds significant promise; it can easily be converted into a utility room, a dedicated workspace, or a creative nook, depending on your needs. French doors lead from the kitchen to a private courtyard garden—an inviting outdoor space where you can enjoy meals al fresco or take time out to unwind. Moving upstairs, you will find three well-sized bedrooms that benefit from plenty of daylight and offer ample space for comfortable living. The family bathroom is designed for versatility, featuring both a bath for leisurely soaks and a separate walk-in shower, along with an additional WC for practical use and privacy. With its combination of historic charm and substantial potential for modern enhancements, this property represents an appealing prospect for first-time buyers looking to make their mark or investors seeking value-add opportunities. The unique features and central location underscore its revitalization potential—viewings are encouraged to fully appreciate what this property has to offer. Please note: Council Tax Band B (Torbay Council), Tenure: Freehold. There is an annual rent charge of £8.50 related to a historic conveyance dating back to 1910 that is still being paid by the seller.

Investment Analysis

(TQ2 area)

Below Market Value

This property is priced -38.0% below area average per sq ft

-38.0%
Potential saving
This Property
£176/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£425,998
10% above area average per sq ft
Potential ROI
+52.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ2)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 2.9%
5 year growth: 25.5%
Investment Disclaimer: Analysis based on TQ2 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

Abbey 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
£879
Based on a loan of £180,000 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