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Pennyacre Road, Teignmouth, TQ14

South West

£425,000

Listed on 31/03/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
1485 sqft

Description

This detached dormer bungalow, positioned in a sought-after residential area, boasts attractive sea views and presents a unique opportunity for renovation and investment. Although the property requires updating, it offers spacious living accommodation with the added benefit of ample driveway parking and a generously sized double-length garage. Upon entering through the front porch, you are welcomed into an 'L' shaped hallway that provides access to the main living areas, including a front-facing living room with picturesque sea views and a traditional fireplace featuring a gas fire. A sliding door connects the dining room to the kitchen, which is equipped with wooden units and practical space for cooking. The kitchen leads to a full-length conservatory that serves as the rear entrance, while also providing access to valuable basement rooms. Downstairs includes two sizeable bedrooms—one offering more sea views—and a family bathroom that could be enhanced to meet modern standards. Upstairs reveals further potential with two additional bedrooms on the first floor, one of which has built-in wardrobes and an en-suite bathroom that could benefit from refurbishment. The basement spans multiple functional rooms ideal for various uses but calls for modernization. Gas central heating and double glazing underpin this property's existing amenities. Located in Teignmouth—a vibrant coastal town known for its community spirit—this residence caters well to both local buyers looking to settle down or investors eyeing rental potential. With demand high in this area, especially among families and retirees seeking quality coastal living, this property represents an appealing project for those willing to undertake renovations.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£286/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £65,000
Target Value
£538,973
10% above area average per sq ft
Potential ROI
+10.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TQ14)

Area prices are rising by +4.7% over the last 12 months
3 year growth: +2.5%
5 year growth: +6.2%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,606
Based on a loan of £318,750 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

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