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South Street, Torrington, Devon, EX38

South West

£185,000

Listed on 22/05/2026

Property Details

Bedrooms
4
Type
Restaurant

Description

This property is situated prominently in the vibrant market town of Torrington, directly opposite a local estate agency and within close proximity to key amenities such as the Pannier Market and town hall. With a generous footfall from passing trade, this location offers an excellent opportunity for various retail applications, pending the necessary planning approvals. On the practical side, there is potential to apply for a resident parking permit at the nearby South Street car park through the Torridge District Council, enhancing accessibility for customers and residents alike. Arranged over three floors, this property boasts substantial space totaling approximately 617 sq ft on the ground level alongside additional retail areas and a sizable kitchen at the rear. The upper levels feature a lounge, kitchen/diner, five bedrooms (three of which are en-suite), plus further bathroom facilities. While the premises currently require significant modernisation throughout, they present an appealing investment prospect with existing planning permission for conversion into a six-bedroom House of Multiple Occupation (HMO), allowing for diverse usage potential. All mains utilities are connected, ensuring foundational services are available. Given its current condition and renovation requirements, prospective buyers should carefully consider how best to unlock this property's full potential.

Investment Analysis

(EX38 area)
Area Average
£268/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (EX38)

Area prices are falling by -14.1% over the last 12 months
3 year growth: -8.5%
5 year growth: +0.7%
Investment Disclaimer: Analysis based on EX38 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

South Street, Torrington, Devon, EX38
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£660
Based on a loan of £138,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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