341 Teignmouth Road, Torquay, Devon, TQ1 4RS

Description

A three-bedroom mid terraced house for updating with spacious accommodation, located close to Torquay town centre and other local amenities. An ideal investment property for anyone wishing to start or expand their portfolio or an owner occupier.

Accommodation

Ground Floor: Entrance hallway, living room, dining room and kitchen. First Floor: Landing, three bedrooms, bathroom and separate W.C. Outside: Tiered rear garden.

Location

Located in a popular location close to Torquay town centre and other local amenities.

Tenure / Property Information

Investment Analysis

The evidence supports a broad value range of £136,000 to £225,000 from same-road HM Land Registry sales. The closest-numbered comparable, 345 Teignmouth Road, sold for £136,000 in September 2024, while 337 sold for £173,000 and 321 sold for £180,000–£225,000. Given the subject is described as requiring updating, a base GDV of £173,000 is used, but the absence of floor area, detailed condition and specification makes this estimate uncertain.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a value-led BTL or BRRR investigation, but only subject to confirming condition, legal matters, achievable rent and a detailed works budget. Do not set a maximum bid from the supplied evidence alone.

Works Required

General updating of the house as described by the auctioneer. The supplied evidence does not identify specific defects or provide enough detail to quantify works, so a refurbishment budget cannot be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £173,000, 75% refinancing equates to £129,750. A meaningful BRRR cash-left-in or equity calculation cannot be completed because the refurbishment budget, auction costs and total project cost are not supplied. The strategy is therefore highly dependent on buying below guide and controlling the unknown updating costs.

Buy-to-Let Analysis

The advertised asking rent of £1,300 pcm implies £15,600 annual rent and a gross yield of 12.48% against the £125,000 guide price. This is based on an asking rent rather than achieved or passing rent. Net yield cannot be established because refurbishment costs, buyer fees, finance costs and operating costs are unavailable.

Flip Analysis

The comparable sales support a broad resale-value range, with a base GDV of £173,000. A flip surplus cannot be calculated because no refurbishment allowance, buyer costs, selling costs or finance costs are available. The £136,000 nearby sale also demonstrates downside value risk.

Investor Risks & Due Diligence

• The property is described as requiring updating, but the scope and cost of works are unknown.

• The £1,300 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Same-road sale prices range materially from £136,000 to £225,000, creating significant GDV uncertainty.

• Administration and other non-optional auction fees may be payable, but their amounts are not provided.

• No maximum bid can be calculated without a supported refurbishment allowance and buyer-cost estimate.

Recommendation

Potentially suitable for a value-led BTL or BRRR investigation, but only subject to confirming condition, legal matters, achievable rent and a detailed works budget. Do not set a maximum bid from the supplied evidence alone.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one advertised rental, but detailed condition, floor area, achievable rent, refurbishment costs and auction fees are not supplied.