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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 is positioned in a sought-after residential area, boasting attractive sea views. While the property requires some modernisation, it offers spacious living areas and valuable off-street parking with a generous driveway and a long double-length garage. The 'L' shaped hallway connects to the main rooms and features stairs leading to the first floor. The front-facing living room captures lovely sea vistas and includes a gas fireplace. The adjoining dining room overlooks the rear garden, providing a cozy space for family meals. A sliding door leads into the kitchen, which is equipped with wooden cabinetry and offers access to the conservatory that extends along the rear of the property. On the ground floor, you will find two substantial bedrooms; one enjoys stunning sea views while the other looks out onto the garden. The family bathroom offers essential amenities but could benefit from updating. Upstairs, two additional bedrooms include an en-suite for the main room that also boasts great sea views, alongside further built-in storage solutions. The property features a basement accessed via stairs from the conservatory, comprising multi-functional rooms ideal for conversion or enhancement. There are additional utility spaces within this area as well as access to outdoor areas. The grounds include a sizeable front garden and rear lawned area complemented by hedging and hardstanding options near both the garage and shed. This property presents excellent renovation potential, making it an appealing investment for those looking to add value through upgrades and improvements.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -12.1% below area average per sq ft

-12.1%
Potential saving
This Property
£286/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£532,113
10% above area average per sq ft
Potential ROI
+5.4%
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
£1,505
Based on a loan of £318,750 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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