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Otter Road, Shiphay, Torquay, TQ2 7NQ.

South West

£215,000
Listed on 25/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1004 sqft

Description

Situated in the sought-after Shiphay area of Torquay, this three-bedroom semi-detached house offers an exciting refurbishment opportunity. Set on a generously sized plot, the property provides a blank canvas for buyers with vision, enabling them to modernise and extend it into a tailored family home. The front boasts a spacious lawned garden that effectively distances the house from the road, with potential for driveway conversion to create off-road parking (subject to local planning permissions). Upon entering, a practical porch welcomes you before leading into the main hallway. The traditional ground floor layout features a dining room at the front, benefiting from a bay window that floods the space with natural light. At the rear lies the living room, offering serene views of the garden. The kitchen is simple yet functional, equipped with essential amenities and access to an impressive storage room that includes a WC—this versatile space presents immediate potential for transformation into additional living quarters, such as a fourth bedroom or dedicated office (subject to planning consent). The first floor continues to impress with three thoughtfully sized bedrooms; particularly noteworthy is the principal bedroom featuring its own bay window. The second double bedroom looks out onto the rear garden while the third offers ample space without feeling cramped—the perfect combination for family living. A full bathroom suite completes this level. The expansive rear garden features both patio and lawn areas which invite further landscaping or even substantial extensions without compromising outdoor space. Close proximity to local schools and amenities enhances its appeal for families and investors alike—this property represents significant potential for those prepared to invest time and creativity into its renovation journey.

Investment Analysis

(TQ2 area)

Below Market Value

This property is priced -24.3% below area average per sq ft

-24.3%
Potential saving
This Property
£214/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£217
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£312,269
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (TQ2)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -1.6%
5 year growth: +14.3%
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

Otter Road, Shiphay, Torquay, TQ2 7NQ.
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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
£775
Based on a loan of £161,250 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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