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Thorne Park Road, Torquay, TQ2 6RU

South West

£360,000
Listed on 12/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
995 sqft

Description

This charming 2-bedroom detached bungalow, situated in a sought-after cul-de-sac near the historic Cockington Village, presents an exciting opportunity for renovation and investment. The property is conveniently located close to scenic country walks and local shopping options on Walnut Road. While it offers substantial living space including a generous lounge, dining room, kitchen, two double bedrooms, and a shower room, cosmetic updates are necessary to unlock its full potential. Off-road parking enhances its appeal, and the level enclosed rear garden provides additional outdoor space that can be transformed into your ideal retreat. The entrance porch welcomes you with its spacious tiled floor and natural light from double-glazed windows. Inside, the hallway gives access to a loft that could be converted for more living space subject to planning permissions. The bright lounge features a decorative stone fireplace and large windows providing views of both the front and rear gardens. An archway leads to the good-sized dining room with built-in oak storage. The kitchen is equipped with modern light grey gloss units but would benefit from an update to bring it up to contemporary standards. Both bedrooms are generously sized with ample natural light and power points, while the shower room has been updated to a wet-room style but may need refurbishment for increased functionality. Outside, the property boasts a low-maintenance front garden and a versatile rear garden which includes paved areas and established greenery along with a workshop/tool storage space. There is potential for further enhancement such as expanding the driveway for additional parking upon obtaining necessary consents.

Investment Analysis

(TQ2 area)

Above Market Value

This property is priced +27.7% above area average per sq ft

+27.7%
This Property
£362/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£310,072
10% above area average per sq ft
Potential ROI
-21.5%
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 (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

Thorne Park Road, Torquay, TQ2 6RU
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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
£1,319
Based on a loan of £270,000 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.

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