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Torquay

South West

£450,000
Listed on 07/05/2026

Property Details

Bedrooms
N/A
Type
Residential Development

Description

This property, once the magistrates court for Torbay, offers a unique opportunity for redevelopment in the heart of Torquay, situated at the junction of Union Street and Trematon Avenue. The building is strategically located near essential amenities, including shops, eateries, and recreational areas such as Upton Park and Torre Abbey Sands, all within walking distance. Approved plans allow for the transformation of this former courthouse into 14 residential apartments, involving partial demolition and adding an extra floor. External enhancements will introduce balconies and terraces alongside designated parking for residents. Comprehensive architectural designs have been crafted by respected local firm Kaye Elliott. Detailed plans can be accessed through Torbay Council's Planning Portal under reference P/2022/0969. This project presents significant investment potential in a desirable coastal location.

Investment Analysis

(TQ2 area)
Area Average
£281/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ2)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -1.0%
5 year growth: +7.8%
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

Torquay
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-30.8% since listed
£450,000£200,000(-30.8%)
07/05/2026
Current price
£650,000Initial listing
18/01/2025

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