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Torquay

South West

£180,000
Listed on 18/10/2025

Property Details

Bedrooms
N/A
Type
Block Of Apartments
Area
614 sqft

Description

This property presents a unique investment opportunity with two self-contained flats, a 1-bedroom unit and a 2-bedroom unit, located in a converted former rubber works building in Torquay. Situated just moments from the popular Harbourside and Marina, both flats are ideally suited for long-term rentals or as holiday lets, leveraging the area's strong tourism appeal. The property is conveniently close to various local amenities, including shops, restaurants, and recreational facilities. Each flat has potential for modernization; specifically, the first flat features an existing garage that could be repurposed into additional living space. The second flat benefits from an open kitchen/living area design but could also use updated finishes and appliances. Notably, a separate water supply needs to be introduced, making this a prime candidate for renovation work. Whether you are looking to generate rental income or seeking a residence with supplementary income potential from the second unit, this property offers significant scope for enhancement.

Investment Analysis

(TQ1 area)

Above Market Value

This property is priced +12.0% above area average per sq ft

+12.0%
This Property
£293/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£176,820
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ1)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -0.5%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on TQ1 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

Torquay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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.

Price History

-10.0% since listed
£180,000£20,000(-10.0%)
21/11/2025
Current price
£200,000Initial listing
18/10/2025

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