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Magdalene Road, Torquay TQ1 - Image 1
Magdalene Road, Torquay TQ1 - Image 2
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Magdalene Road, Torquay TQ1

South West

£97,500
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat is conveniently located within walking distance of Torquay Town Centre, presenting a promising opportunity for those interested in renovation and investment. The property features ample space throughout, making it suitable for first-time buyers or young families looking to personalize their living environment. Access to the flat is through a communal entrance, leading up to the spacious main living area. The lounge is equipped with a built-in storage cupboard, providing practical solutions for organization. The kitchen includes a selection of wall and base units, along with space designated for appliances, offering potential for updates that can enhance both functionality and aesthetics. The layout includes a double bedroom on the first floor, complemented by a bathroom that features essential amenities such as a bath, low-level WC, wash hand basin, and bidet. Ascending to the second floor reveals another generous double bedroom that benefits from eaves storage and wooden Velux windows, which infuse the space with natural light. Currently single glazed and featuring gas central heating, this flat presents an excellent canvas for upgrades that could significantly increase its value. With some thoughtful renovations, this property could transform into a charming home or a lucrative investment opportunity in a desirable location. Additionally, the property falls under Council Tax Band A (Torbay Council) and is offered on a leasehold basis with 961 years remaining. The ground rent is minimal at £1 per year, further enhancing its appeal as an investment prospect.

Investment Analysis

(TQ1 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£9,750 - £24,375
10-25% of property value
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ1)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.6%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on TQ1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Magdalene Road, Torquay TQ1
Map showing location of Magdalene Road, Torquay TQ1
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