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Magdalene Road, Torquay, TQ1 - Image 1
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Magdalene Road, Torquay, TQ1

South West

£97,500
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom first-floor flat presents a promising opportunity for renovation and investment, located just a short stroll from the vibrant Torquay Town Centre. The spacious layout offers an ideal canvas for first-time buyers or young families looking to customize their living space. Upon entering, you are greeted by a communal entrance that leads to the main accommodation via a staircase. The generously sized lounge features a built-in storage cupboard, providing a practical element to the living area. The kitchen is equipped with a variety of wall and base units and includes space for essential appliances, making it functional while allowing room for modernization. On this level, you will find a comfortable double bedroom alongside a bathroom that includes a bath, low-level WC, wash hand basin, and bidet. Ascending to the second floor reveals another large double bedroom that benefits from useful eaves storage. This room is further enhanced by wooden Velux windows that invite ample natural light, creating an inviting atmosphere. While the flat currently has single-glazed windows and could benefit from updates such as modern heating solutions, it holds significant potential for those willing to invest in renovations. With gas central heating already in place, improvements could transform this property into either a charming home or a valuable rental investment. Additionally, the property falls under Council Tax Band A with Torbay Council and is held on a leasehold tenure with 961 years remaining. Ground rent is nominal at £1 per year, although prospective buyers should be aware of existing lease restrictions and covenants. Overall, this flat's location and features make it an intriguing choice for those looking to create value through thoughtful enhancements.

Investment Analysis

(TQ1 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£9,750 - £24,375
10-25% of property value
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ1)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.6%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on TQ1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Magdalene Road, Torquay, TQ1
Map showing location of Magdalene Road, Torquay, TQ1
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