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Heywood Close, Shiphay, Torquay, Devon - Image 1
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Heywood Close, Shiphay, Torquay, Devon

South West

£300,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
893 sqft

Description

Explore this 1970s detached home, offering a prime opportunity for modernization and refurbishment. Situated in the desirable Shiphay area, this property is available with no onward chain, making it an ideal investment for those looking to create their dream space or capitalize on the rental market. The layout includes a living and dining room combination, a kitchen that needs updating, a ground floor bedroom plus bathroom, and two additional bedrooms on the first floor. The home also features off-road parking and a garage, providing additional convenience. With local shops, schools, and amenities within walking distance, as well as easy access to Wren Retail Park and Torquay town centre just a short drive away, the location adds significant value to this project. This property is ready for someone with vision to bring it back to life and make it shine again.

Investment Analysis

(TQ2 area)

Above Market Value

This property is priced +18.8% above area average per sq ft

+18.8%
This Property
£336/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£217
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£277,745
10% above area average per sq ft
Potential ROI
-18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (TQ2)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -1.6%
5 year growth: +14.3%
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

Heywood Close, Shiphay, Torquay, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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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