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Carlton Road, Torquay, TQ1 1LZ

South West

£200,000
Listed on 23/05/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
973 sqft

Description

This two-bedroom mid-terrace stone-fronted home is situated in a well-regarded area, conveniently positioned near Plainmoor and Babbacombe. While the property currently requires modernisation, it boasts potential for significant enhancement, making it an appealing prospect for both first-time buyers and investors. The traditional layout includes a spacious lounge with a part double-glazed bay window that offers views over Torquay. Adjacent to the lounge is a dining room that features built-in storage, ample space for entertaining, and leads directly into the kitchen. The kitchen is equipped with contemporary grey gloss units and offers possibilities for reconfiguration to meet personal tastes or rental market demands. Additionally, the ground floor contains a convenient downstairs WC and a lean-to conservatory that serves as an ideal utility space or storage area, leading out to a generous rear garden adorned with mature trees and shrubs. This outdoor space presents further opportunities; with the requisite permissions, creating off-road parking could enhance convenience and add value. Upstairs, you'll find two well-proportioned double bedrooms. The main bedroom enjoys an open outlook towards the countryside and includes built-in wardrobes. The second bedroom overlooks the garden, making it bright and welcoming. A practical shower room completes this level. The front of the property features a low-maintenance paved area, while on-street parking is available nearby. Given its renovation potential and desirable location, this property represents an excellent opportunity to create a comfortable living space or capitalize on investment possibilities in a thriving community—particularly appealing given its no onward chain status.

Investment Analysis

(TQ1 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£206/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£283,576
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ1)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.6%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on TQ1 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

Carlton Road, Torquay, TQ1 1LZ
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