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George Street, Newton Abbot, Devon. TQ12

South West

£75,000
Listed on 27/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
409 sqft

Description

This end-of-terrace two-bedroom property offers a strategic location just off the town centre, making it ideally positioned for those looking to invest in a project with significant potential. The area boasts an array of local amenities including shops, schools, healthcare facilities, and recreational options such as cinemas and gyms. With excellent transport links via the A380, A38, M5 motorway, and proximity to the rail line leading to London Paddington, this property is ripe for thoughtful renovation. Internally, the layout features an entrance hall leading to a lounge/diner and kitchen on the ground floor, while upstairs accommodates two bedrooms and a bathroom. Although it currently requires extensive updating throughout, the front and rear gardens present opportunities for landscaping that could enhance outdoor living space. This property may not be ideal for first-time buyers but represents an appealing investment opportunity for those willing to undertake a comprehensive refurbishment.

Investment Analysis

(TQ12 area)

Below Market Value

This property is priced -41.2% below area average per sq ft

-41.2%
Potential saving
This Property
£183/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£140,324
10% above area average per sq ft
Potential ROI
+3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -1.8%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TQ12 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

George Street, Newton Abbot, Devon. TQ12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 over 30 years at 4.19% 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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