3 The Quay, Brixham, Torbay

Description

A Mixed Use Mid Terrace Building Arranged to Provide a Ground Floor Retail Unit and a Two Bedroom Flat on the Upper Floors in Need of Modernisation. Offered with Vacant Possession. The property comprises a mixed use mid terrace building arranged to provide a ground floor retail unit and a two bedroom flat on the upper floors.

Accommodation

Ground Floor: Retail Unit, G.I.A Approx 200 sq m. First Floor: Two Reception Rooms, Kitchen, Bathroom. Second Floor: Two Bedrooms. Third Floor: Attic Room. Exterior: The property benefits from a rear courtyard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Brixham Harbour are within easy reach. Transport links are provided by Kingswear rail station and the A3022.

Tenure / Property Information

Investment Analysis

The exact property sold for £120,000 on 21 January 2026, providing the strongest available value benchmark. Other The Quay sales range from £220,000 to £500,000 but relate to different properties and are not sufficiently comparable. £120,000 is used as an indicative base value, not a formal GDV.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining refurbishment and rental evidence. Do not rely on the guide price or assume a profitable flip or refinance.

Works Required

Modernisation of the ground-floor retail unit and upper-floor two-bedroom accommodation, with the exact scope and cost requiring inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £120,000 exact-address sale as an indicative base value, 75% refinancing would be £90,000. However, refurbishment costs, total project cost, rent and cash required cannot be established from the evidence.

Buy-to-Let Analysis

BTL returns cannot be assessed because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The mixed-use configuration may also require separate assessment of commercial and residential income.

Flip Analysis

A resale assessment cannot be completed reliably because refurbishment costs and selling costs are unsupported. The £120,000 exact-address sale is a useful benchmark, but its condition and specification are not supplied.

Investor Risks & Due Diligence

• The building is described as in need of modernisation, but the scope and cost are unknown.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• The £120,000 exact-address sale may not reflect the current condition or specification.

• Additional legal-pack disbursements and special-condition costs may be payable.

• The property is mixed use, requiring separate consideration of retail and residential aspects.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining refurbishment and rental evidence. Do not rely on the guide price or assume a profitable flip or refinance.

Strategy Rating

Analysis Confidence

There is a strong exact-address completed sale benchmark, but no condition survey, refurbishment quotation, rental evidence, EPC, lease information or detailed cost disclosures.