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Fernham Terrace, Torquay Road, Paignton - Image 1
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Fernham Terrace, Torquay Road, Paignton - Image 7
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Fernham Terrace, Torquay Road, Paignton - Image 9
Fernham Terrace, Torquay Road, Paignton - Image 10

Fernham Terrace, Torquay Road, Paignton

South West

£150,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
729 sqft

Description

This two-bedroom cottage is nestled in a quaint mews, conveniently situated near the town center and the seafront. While the property currently requires some updating, it offers significant potential for renovation, allowing you to tailor it to your preferences and create a comfortable home that reflects your style. Upon entering, you’ll find a lounge featuring uPVC double glazing and a slimline night storage heater, leading seamlessly into the kitchen/diner. The kitchen area includes essential amenities such as a sink with base cabinets underneath and matching wall units, creating an inviting space for dining and entertaining. The layout also includes practical features like a rear lobby providing access to the enclosed garden space, ideal for those looking to enhance outdoor living. A cloakroom is conveniently located on the main level, while upstairs offers additional space with access to the loft through an insulated hatch with a Velux window. Both bedrooms benefit from natural light through uPVC double-glazed windows. The primary bedroom comes equipped with built-in wardrobes and storage solutions, while the second bedroom features its own wash hand basin. The shower room includes an electric shower and heated towel rail—key components that could be updated as part of your renovation plans. Outside, a shared passageway leads to a small patio garden surrounded by walls for added privacy. This versatile space holds potential for landscaping or gardening enthusiasts looking to create their own serene retreat. Given its central location and inherent investment potential, this property represents an excellent opportunity for anyone willing to invest in renovation. It’s freehold with no chain involved, making it easy to envision future adjustments or improvements that could increase both comfort and value over time. Viewing is encouraged to appreciate all that this property has to offer.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£206/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£220,482
10% above area average per sq ft
Potential ROI
+26.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: -1.2%
5 year growth: 21.9%
Investment Disclaimer: Analysis based on TQ3 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

Fernham Terrace, Torquay Road, Paignton
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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