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Barnpark Terrace, Teignmouth, TQ14

South West

£85,000
Listed on 07/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
553 sqft

Description

This first-floor one-bedroom apartment presents a valuable opportunity for cash buyers looking to invest in a property with significant renovation potential. Nestled within the historic former naval officers' residence of Barnpark Terrace, the apartment combines charm with the possibility for modern updates. It is conveniently located on the edge of town, providing easy access to local amenities, the seafront, and a mainline railway station, making it an appealing choice for both first-time buyers and investors. The layout of the apartment comprises a communal entrance hallway that retains original features along with a staircase leading to the private entrance. Inside, the spacious kitchen and breakfast room invites possibilities for reconfiguration to enhance functionality and style. The reception room is generously proportioned and benefits from large windows that overlook secluded communal gardens, creating a peaceful atmosphere. Classic elements such as wooden flooring and decorative cornicing throughout add character to the living spaces. The bedroom offers ample space for relaxation and showcases similar original details. An interesting feature of this apartment is its current bathroom setup, accessed from a half-landing via the communal staircase. There’s substantial potential here to relocate the bathroom within the main living area, maximizing convenience and contemporary living standards. On-street parking is typically available directly across from the property, providing practical options for residents. This apartment stands out as a promising investment opportunity in a desirable location where thoughtful renovations could significantly increase its value while preserving its distinctive character.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -53.1% below area average per sq ft

-53.1%
Potential saving
This Property
£154/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£8,500 - £21,250
10-25% of property value
Target Value
£199,279
10% above area average per sq ft
Potential ROI
+87.6%
After renovation
Monthly Sales
14
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (TQ14)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 6.5%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on TQ14 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

Barnpark Terrace, Teignmouth, TQ14
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