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Oakland Road, Newton Abbot, TQ12

South West

£260,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
872 sqft

Description

Nestled in a desirable neighborhood of Newton Abbot, this three-bedroom semi-detached home presents a promising opportunity for those looking to invest in a property ripe for renovation. With its functional layout and ample space, this residence invites buyers to envision their own enhancements and personal touches. Upon entry, a porch leads into the main hallway, setting the stage for the rest of the home. The spacious lounge at the front offers a comfortable area that can be transformed with modern updates. At the rear, the kitchen is adjacent to a separate dining room, creating potential for an open-plan living experience. The dining area flows into a conservatory that overlooks the garden—an ideal setting for relaxation or entertaining guests. Additionally, there is access from the kitchen to a covered walkway that connects to both a utility room and two storage rooms, providing practical solutions for everyday needs. The second floor features two generous double bedrooms, one equipped with built-in storage, along with a well-sized single bedroom. A family bathroom is available with essential fittings including a bath and shower combination, WC, and wash hand basin. Outside, the rear garden is level and well-maintained with a patio and lawn bordered by mature trees—a peaceful retreat awaiting landscaping choices from its new owner. The front garden includes driveway parking for one vehicle, enhancing convenience. While some modernization is needed throughout the property, it serves as an excellent blank slate offering significant investment potential in this sought-after area. Whether you aspire to create your dream family home or pursue rental opportunities in a growing market, this property holds considerable promise within its walls.

Investment Analysis

(TQ12 area)

Below Market Value

This property is priced -4.4% below area average per sq ft

-4.4%
Potential saving
This Property
£298/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£299,174
10% above area average per sq ft
Potential ROI
-0.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Oakland Road, 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
£952
Based on a loan of £195,000 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