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Torquay

South West

£70,000
Listed on 16/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This spacious workshop and storage unit presents a unique investment opportunity in the desirable St Marychurch area of Torquay. Positioned on Havelock Road, it enjoys convenient access to the town centre and major transport routes, supplemented by free on-street parking right outside. The property boasts an adaptable layout with potential for various uses, including workshops, storage facilities, or offices, pending necessary planning approvals. With essential utilities already connected—mains water, gas, and electricity—as well as an internal toilet facility, this premises is functional and ready for customization. The large rooms offer ample space for modifications to fit personal or business needs. Given its prime location and flexible accommodation possibilities, this property is ideal for those looking to invest in a versatile space that can be tailored to suit their unique requirements.

Investment Analysis

(TQ1 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ1)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -1.2%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on TQ1 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

Torquay
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 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.

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