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Park Lane, Torquay

South West

£180,000
Listed on 01/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
355 sqft

Description

Situated in a tranquil area just a short walk from the vibrant harbour of Torquay, this property offers an exceptional chance to acquire two freehold period cottages, which are being sold together. Both cottages require modernisation, presenting a unique opportunity for buyers looking to transform them into charming residences or profitable rental units. Historically significant, these buildings once served as a coach house for the esteemed Queen's Hotel and later as a rubber works before their conversion into residential dwellings. The setting is conveniently close to the lively waterfront with its array of bars, restaurants, and leisure activities, making it an attractive location for potential tenants or holidaymakers. Each cottage features an open-plan layout with various internal characteristics such as stained-glass windows that enhance their unique charm. While they currently offer basic amenities and electric heating, renovation could unlock further potential for enhancing comfort and functionality. Notably, prospective buyers should plan for the installation of separate water supplies due to the current connection with a neighbouring property. This investment can lead to attractive returns given the high demand in this desirable coastal town.

Investment Analysis

(TQ1 area)

Above Market Value

This property is priced +94.3% above area average per sq ft

+94.3%
This Property
£507/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£101,881
10% above area average per sq ft
Potential ROI
-55.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ1)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -2.8%
5 year growth: +6.1%
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

Park Lane, Torquay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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