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Ridgeway Close, Newton Abbot, TQ12 - Image 1
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Ridgeway Close, Newton Abbot, TQ12

South West

£325,000
Listed on 27/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
883 sqft

Description

This three-bedroom detached bungalow presents a significant opportunity for renovation and investment, located in the desirable area of Aller, Newton Abbot. While the property requires refurbishment throughout, its well-structured layout allows for extensive modernization potential, making it an appealing project for those looking to create a personalized home. Upon entering, you are greeted by a welcoming entrance porch that leads into a central hallway. The accommodation includes two bedrooms situated at the front of the house, while the rear features a spacious lounge/diner that offers ample room for family gatherings and entertaining. Adjacent to this living space is a functional kitchen equipped with white wall and base units, complete with plumbing provisions for essential appliances like a washing machine, cooker, and fridge/freezer. A door from the kitchen opens directly to the rear garden, enhancing accessibility for outdoor activities. The ground-floor bathroom is fitted with standard amenities including a WC, wash hand basin, and bathtub with an integrated shower. Ascending from the hallway, you’ll find a third bedroom on the first floor that includes its own WC and wash hand basin, as well as built-in storage. A skylight above adds natural light and highlights the useful eaves storage space available. Externally, the property boasts level front and rear gardens predominantly laid to lawn and enhanced by mature plantings. An inviting slabbed patio area is perfect for outdoor dining or simply enjoying summer evenings. Additional features include a greenhouse ideal for gardening enthusiasts as well as a shed providing extra storage space. Gated access allows entry to the garden from both sides of the property. This bungalow not only offers ample living space but also represents an excellent investment opportunity within an established residential neighborhood. With its potential for improvement and personalization, it encourages creative vision to transform it into a charming home that reflects one’s unique style.

Investment Analysis

(TQ12 area)

Above Market Value

This property is priced +18.0% above area average per sq ft

+18.0%
This Property
£368/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£302,948
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
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

Ridgeway Close, Newton Abbot, TQ12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 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.

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