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Avenue Road, Torquay, TQ2

South West

£240,000
Listed on 19/10/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This property presents a unique opportunity for those seeking a renovation project in a desirable coastal area. Situated just moments from the scenic Torquay seafront, this block includes three self-contained two-bedroom apartments, each offering the potential for transformation. The building is set back from the main road, featuring a private driveway that allows for off-road parking. Additionally, there is a rear courtyard that could be developed further, providing an outdoor space that could enhance the property's appeal or serve as additional accommodation (subject to necessary permissions). With its current condition requiring complete refurbishment, investors and developers will find significant potential to increase the value of this property. The location is particularly attractive due to the high demand for quality rentals and holiday accommodations in South Devon, making it an ideal candidate for long-term investment or resale opportunities. This substantial renovation project is offered with no onward chain, allowing for flexible timelines and quicker transitions. Early viewings are encouraged to fully appreciate the possibilities this property has to offer.

Investment Analysis

(TQ2 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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 (TQ2)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 2.9%
5 year growth: 25.5%
Investment Disclaimer: Analysis based on TQ2 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

Avenue Road, Torquay, TQ2
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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
£879
Based on a loan of £180,000 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.

Next Steps

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