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South Street, Torrington, Devon, EX38

South West

£185,000

Listed on 22/05/2026

Property details

Bedrooms
N/A
Type
Restaurant

Description

This property offers a unique investment opportunity in the heart of Torrington, conveniently located near local amenities such as the Pannier Market and town hall. The premises span three floors with approximately 617 sq ft of ground floor retail space, complemented by a large kitchen area and additional retail space to the rear. The upper levels include a lounge, kitchen/diner, and five bedrooms (three of which are en-suite), alongside further bathroom facilities. The interiors require significant modernisation, making it an ideal project for investors or those looking to create a House of Multiple Occupation (HMO) — planning permission has already been approved for conversion to a six-bed HMO. Given its central location and potential uses for retail or residential accommodation, this property is ripe for development.

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Investment analysis

(EX38 area)
Area Average
£266/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX38)

Area prices are falling by -10.9% over the last 12 months
3 year growth: -12.0%
5 year growth: -2.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£699
Based on a loan of £138,750 over 30 years at 4.45% 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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