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Lake Avenue, Teignmouth, TQ14 - Image 1
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Lake Avenue, Teignmouth, TQ14

South West

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
700 sqft

Description

This detached bungalow offers an excellent opportunity for renovation and investment, situated in a peaceful location near Coombe Valley. The property is conveniently close to the Nature Reserve and a variety of scenic parks, making it ideal for those who appreciate outdoor activities and tranquil surroundings. Inside, the home features a welcoming living room that creates a comfortable atmosphere for relaxation. The sizeable kitchen and adjacent dining area provide potential for reconfiguration or modernization to suit personal tastes or enhance functionality for entertaining guests. The main bedroom spans the width of the bungalow, providing lovely views of the private rear gardens, while a second well-proportioned double bedroom adds versatility to the living space. The bathroom presents an opportunity for updates and personal touches, allowing you to create your ideal oasis. Outside, you’ll find appealing elements such as a garage located in a nearby block and attractive recycled plastic decking at the front entrance. The rear garden is both private and sunlit, featuring established greenery that adds character—perfect for gardening enthusiasts or those seeking a serene outdoor retreat. Additionally, this property includes an under-property cellar that offers ample storage solutions—a valuable asset in any home. The new boiler provides efficient gas central heating along with double glazing throughout, making this bungalow not only cozy but also energy-efficient. With no onward chain, this property represents an enticing prospect for anyone looking to put their stamp on a home in a desirable location.

Investment Analysis

(TQ14 area)

Above Market Value

This property is priced +9.0% above area average per sq ft

+9.0%
This Property
£357/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£252,252
10% above area average per sq ft
Potential ROI
-19.3%
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

Lake Avenue, Teignmouth, TQ14
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