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Wallingford Road, Kingsbridge

South West

£150,000
Listed on 26/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
380 sqft

Description

This mid-terraced property, characterized by its charming red brick façade, offers a unique opportunity for renovation and investment. With three bedrooms, two reception rooms, and a sizable garden, the home is situated within walking distance of the vibrant market town of Kingsbridge. The interior of the property has remained largely untouched for many years, creating a canvas for potential buyers to envision their ideal living space. The ground floor features a sitting room with an open fire and a living/dining room that overlooks the rear courtyard. A modest kitchen provides the basic fittings along with access to the garden, while a shower room completes this level. Ascend to the first floor where you'll find two generously sized double bedrooms and an additional single bedroom. Outside, the enclosed courtyard leads to a pathway that grants pedestrian access, making it convenient for residents while maintaining privacy. The rear garden is a valuable asset—spanning a good size and primarily laid to lawn—it presents ample opportunity for landscaping or further development. Located at the head of the Salcombe estuary and surrounded by picturesque countryside, Kingsbridge boasts an array of amenities including shops, schools (both primary and secondary), health services, and recreational facilities such as a sports center with an indoor swimming pool. For those seeking greater connectivity, Totnes's mainline train station is easily accessible, providing direct links to London and surrounding areas. This property is offered freehold with no onward chain but requires comprehensive refurbishment throughout. As it stands in its original condition, it serves as an excellent prospect for cash buyers looking to invest in a promising location. Please note that due to insulation work in the loft using spray foam, financing options may be limited. This project is ideal for those wanting to create a personalized living space or capitalize on rental potential in this desirable region.

Investment Analysis

(TQ7 area)

Above Market Value

This property is priced +2.2% above area average per sq ft

+2.2%
This Property
£395/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£161,453
10% above area average per sq ft
Potential ROI
-29.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ7)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -11.3%
5 year growth: 4.9%
Investment Disclaimer: Analysis based on TQ7 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

Wallingford Road, Kingsbridge
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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
£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.

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