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George Street, Newton Abbot, Devon, TQ12

South West

£149,950
Listed on 13/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
821 sqft

Description

This two-bedroom mid-terraced home presents a unique opportunity for renovation and investment in a tranquil setting, just a short walk from the heart of Newton Abbot. With its practical layout and solid structure, this property is ideal for first-time buyers or investors looking to add value through minor updates. Upon entering, you'll find an entrance hallway that opens into a spacious lounge/dining area. Originally designed as two distinct rooms, the area has been reimagined to maximize space and light, featuring large windows that invite natural sunlight throughout the day. The inclusion of a feature fireplace adds character, while an understairs storage cupboard enhances functionality. The kitchen is well-sized and equipped with a range of wall and base units, along with essential appliances including a built-in oven and a gas-fired combi boiler. While currently functional, some cosmetic improvements could transform this space into a modern centerpiece of the home. A door from the kitchen leads out to a private rear courtyard garden. Upstairs, the property boasts two substantial double bedrooms, both outfitted with built-in wardrobes and sufficient space for additional furnishings. Each room offers pleasant views—one facing the front and the other towards the rear—ensuring restful living quarters. The family bathroom is fitted with a classic white suite that includes both a bath with overhead shower and standard amenities. Externally, the front of the property features a low-maintenance garden that creates an inviting entrance. The fully enclosed courtyard at the rear offers potential for outdoor living or gardening projects, enhancing your enjoyment of the space. A utility cupboard in this outdoor area provides plumbing for laundry appliances, adding practicality to daily life. On-street parking is readily available without permits needed. Nestled at the end of a serene cul-de-sac, this home strikes an excellent balance between tranquility and accessibility. The vibrant town centre of Newton Abbot is only minutes away on foot, offering an array of shops, cafes, restaurants, supermarkets, entertainment options like a cinema, and convenient access to mainline train services connecting to Exeter, Plymouth, and London Paddington. The surrounding area benefits from well-regarded schools, various sporting facilities, and scenic parks perfect for leisurely walks—making it an appealing choice for young families or couples. Commuters will appreciate easy access to major roadways like the A380 and A38 leading towards Totnes and Torbay. In summary, this mid-terrace home represents an affordable entry point into an attractive neighborhood with strong rental potential. Its spacious layout provides ample opportunity for re

Investment Analysis

(TQ12 area)

Below Market Value

This property is priced -41.3% below area average per sq ft

-41.3%
Potential saving
This Property
£183/sq ft
Area Average
£311/sq ft
Avg Rent (weekly)
£228
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£280,954
10% above area average per sq ft
Potential ROI
+75.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (TQ12)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -2.2%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on TQ12 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

George Street, Newton Abbot, Devon, TQ12
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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
£549
Based on a loan of £112,462 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.

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