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South Street, Torrington, Devon, EX38

South West

£185,000
Listed on 10/03/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant opportunity for investors and renovators alike, located in the bustling heart of Torrington, just a stone's throw from local amenities like the Pannier Market and town hall. With its prime position opposite Webbers Estate Agents and near South Street car park, it benefits from promising foot traffic and visibility. The property spans three levels, offering approximately 617 sq ft on the ground floor dedicated to retail or restaurant purposes, alongside a spacious kitchen area at the rear. The upper floors feature a versatile layout with lounge space, kitchen/diner, and five bedrooms (three with en-suite bathrooms), making it an ideal candidate for conversion into a House of Multiple Occupation (HMO), backed by existing planning permission. However, the premises require modernisation throughout to unlock their full potential as either a residential or commercial venue. This is an excellent project for those looking to make their mark in a vibrant market town known for attractions like Dartington Crystal and Rosemoor Gardens.

Investment Analysis

(EX38 area)
Area Average
£272/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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
43%
Properties sold annually

Local Market Trend (EX38)

Area prices are falling by -14.4% over the last 12 months
3 year growth: -6.9%
5 year growth: +4.6%
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

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£667
Based on a loan of £138,750 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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