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Daimonds Lane, Model Cottages Daimonds Lane, TQ14 - Image 1
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Daimonds Lane, Model Cottages Daimonds Lane, TQ14

South West

£85,000

Listed on 10/07/2026

Property details

Bedrooms
1
Type
Flat
Area
431 sqft

Description

This apartment within the Model Cottage development presents a significant opportunity for renovation and investment. Conveniently situated close to Teignmouth town centre, local beaches, and the mainline railway station, it is an ideal candidate for first-time buyers or investors looking to add value through refurbishment. The property features an entrance hallway leading into a kitchen breakfast room, a spacious living room, a double bedroom, and a bathroom equipped with essential fittings. While currently functional, updates could enhance both aesthetics and efficiency. Offered with no onward chain, this apartment allows for immediate occupancy or refurbishment without delay, making it an appealing project for those looking to enter the property market or expand their portfolio.

Investment analysis

(TQ14 area)

Below Market Value

This property is priced -40.0% below area average per sq ft

-40.0%
Potential saving
This Property
£197/sq ft
Area Average
£329/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£155,837
10% above area average per sq ft
Potential ROI
+41.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ14)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +3.7%
5 year growth: +6.3%
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

Daimonds Lane, Model Cottages Daimonds Lane, 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
£321
Based on a loan of £63,750 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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