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Happaway Road, Torquay

South West

£175,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1011 sqft

Description

This three-bedroom terraced home offers a unique opportunity for those looking to invest in a property with significant renovation potential. While it currently requires modernisation, the fundamentals of this residence provide a solid foundation for creative updates. On the ground floor, you’ll find a spacious bay-fronted lounge that invites natural light and creates a welcoming atmosphere. Adjacent to the lounge is a generous dining room with direct access to the back garden, ideal for indoor-outdoor living. The kitchen, although in need of an upgrade, is functional and features ample storage options, making it a great starting point for future renovations. Upstairs, the three bedrooms each offer distinct layouts and light-filled spaces. The first two bedrooms are particularly spacious and feature double-glazed windows, while the third bedroom includes built-in wardrobe space. Completing the upper level are a wet room and a separate WC - both functional but ready for improvement. Outside, the property boasts a sizable lawned garden that provides potential for landscaping or outdoor entertaining. A concrete storage shed adds practicality, while an additional outside WC next to the shed enhances convenience. Situated conveniently near local shops and schools, this property also benefits from quick access to the Devon link road, enhancing connectivity to nearby areas. With its prime location and solid structure, this home stands as an excellent investment opportunity for those with vision and an eye for design. Prospective buyers should be aware that this property is awaiting probate, offering an intriguing chance to make it your own while potentially increasing its value through thoughtful renovations.

Investment Analysis

(TQ2 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%
Potential saving
This Property
£173/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,502
10% above area average per sq ft
Potential ROI
+46.3%
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
11%
Properties sold annually

Local Market Trend (TQ2)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 6.1%
5 year growth: 27.0%
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.

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Location

Happaway Road, Torquay
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