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Pennyacre Road, Teignmouth, TQ14

South West

£300,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1286 sqft

Description

This distinctive two-bedroom detached residence, built in 1922, presents a unique opportunity for those seeking to invest in a property with considerable character and potential. Located in a desirable area of Merrymead, close to Teignmouth's town centre, the beach, and mainline railway access, this home offers both charm and convenience. The interior features a lounge, kitchen/diner, two double bedrooms, a bathroom, and stairs leading to a versatile loft room that could be converted (subject to planning permission), making it ideal for expansion or reconfiguration. Outside, the property includes front and rear gardens as well as a detached single garage. Given its location and inherent features, there is excellent potential for renovation or enhancement.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -28.4% below area average per sq ft

-28.4%
Potential saving
This Property
£233/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£460,806
10% above area average per sq ft
Potential ROI
+35.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ14)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +2.4%
5 year growth: +6.1%
Investment Disclaimer: Analysis based on TQ14 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

Pennyacre Road, Teignmouth, TQ14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,063
Based on a loan of £225,000 over 30 years at 3.91% 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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