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Development Site For 9 Dwellings, Watcombe, Torquay TQ1 - Image 1
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Development Site For 9 Dwellings, Watcombe, Torquay TQ1

South West

£695,000
Listed on 14/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive coastal development site spans approximately 0.90 hectares (2.23 acres) and is situated a short distance from Watcombe Beach, presenting a unique investment opportunity with planning permission secured for the construction of nine contemporary detached homes. Each proposed home will feature between three to five bedrooms, with floor spaces ranging from 126 to 202 square meters. The historical context adds value, as the land was once part of parkland linked to Watcombe Hall. Additionally, a new access road will be created from Watcombe Beach Road, equipped with pedestrian walkways and green verges, adhering to local highway standards. The current owners are committed to fulfilling pre-commencement planning conditions prior to sale, ensuring the project can progress smoothly under the guidance of Torbay Council. With its proximity to local amenities and transport links, this location offers significant potential for future growth and development in a desirable seaside area.

Investment Analysis

(TQ1 area)
Area Average
£262/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ1)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -0.5%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on TQ1 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

Development Site For 9 Dwellings, Watcombe, Torquay TQ1
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,507
Based on a loan of £521,250 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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