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Fore Street, Teignmouth, TQ14

South West

£170,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Flat
Area
753 sqft

Description

This thoughtfully designed first-floor apartment offers a unique opportunity for renovation and investment, situated on the outskirts of the town center with attractive estuary views. Its location provides easy access to local shops, beautiful beaches, and the train station, making it an ideal spot for potential renters or future homeowners. The apartment features three bedrooms that benefit from natural light through double-glazed windows, providing a blank canvas for personal touches or updates. The spacious lounge/diner includes a patio door that leads to a private balcony, where you can enjoy scenic countryside vistas – perfect for relaxing or entertaining. The kitchen comes equipped with a range of wall and base-mounted units alongside essential appliances spaces, allowing for customization to suit modern living needs. A central heating boiler adds functionality, while the wet room presents opportunities for modernization with its current shower setup and partially tiled walls. An additional separate WC enhances convenience for residents and guests alike. Residents will appreciate the secure off-street parking available at the rear of the building, which includes both allocated spots and visitor parking. Although some updating is needed throughout the apartment, this property is offered with no onward chain, providing a smooth transition for buyers looking to invest in a space they can truly make their own. Early viewings are recommended to explore this potential gem in a desirable location.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -31.2% below area average per sq ft

-31.2%
Potential saving
This Property
£226/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£271,765
10% above area average per sq ft
Potential ROI
+39.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ14)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 6.0%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on TQ14 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

Fore Street, Teignmouth, TQ14
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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
£623
Based on a loan of £127,500 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.

Next Steps

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