Worst House on the Street Logo
Newton Abbot - Image 1
Newton Abbot - Image 2
Newton Abbot - Image 3
Newton Abbot - Image 4
Newton Abbot - Image 5
Newton Abbot - Image 6

Newton Abbot

South West

£150,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This expansive detached character property, previously utilized as parish meeting rooms, presents a significant opportunity for conversion into four one-bedroom flats, two of which include desirable mezzanine levels. The building is situated in the heart of the town center and comes with full planning consent, making it an attractive investment prospect. Having been unused for several years, it requires a comprehensive refurbishment to restore its potential. Built from local stone and brick with some cement rendering beneath a pitched slate roof, the property features traditional elements like single glazed timber windows and an arrangement over three levels, including a basement and raised ground floor. Access is via a local authority road, ensuring convenience for future tenants. The interior comprises spacious rooms with original features such as exposed timber floorboards and wainscot panelling, while practical areas like the kitchen and storage rooms also await modernization. With mains water, electricity, and drainage already connected, this property stands as a canvas for imaginative renovation efforts that could enhance both its functionality and aesthetic appeal.

Investment Analysis

(TQ12 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -1.8%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TQ12 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

Newton Abbot
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE