52 Meadfoot Lane, Torquay, Devon, TQ1 2BP

Description

An attractive freehold mid-terrace property situated close to Torquay’s harbourside. The property comprises a three-bedroom maisonette and two-bedroom garden flat and would now benefit from improvement and repair.

Accommodation

52 Meadfoot Lane: Ground Floor—entrance hall, dining room, living room and kitchen. First Floor—landing, three bedrooms and bathroom with W.C. Outside—front garden. 52A Meadfoot Lane: accessed from the rear of the property. Ground Floor—kitchen, living room, two bedrooms and bathroom with W.C. Outside—patio area.

Location

Situated close to Torquay’s harbourside.

Tenure / Property Information

Investment Analysis

The property is a vacant freehold mid-terrace comprising a three-bedroom maisonette and separate two-bedroom garden flat. The only recent comparable supplied is 44A Meadfoot Lane, a flat/maisonette sold for £100,000 in January 2024; it is not sufficiently comparable to establish the value of this larger two-unit property. The 1995 sale of 44 Meadfoot Lane is historic and unsuitable for current valuation. No reliable GDV, rent or maximum bid can therefore be calculated from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence alone. Obtain a full inspection, separate-unit valuation, refurbishment quotation, rental assessment and confirmation of all auction charges before considering the property.

Works Required

Inspection-led improvement and repair as described by the auctioneer. The evidence does not identify specific defects, so no detailed works schedule or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be calculated without a supported purchase/refurbishment budget, rental figure and post-works valuation. The freehold structure and vacant possession are positive characteristics, but the evidence is insufficient to quantify refinance proceeds or equity.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The two-unit configuration, council tax bands and EPC ratings are stated, but they do not establish achievable rent or yield.

Flip Analysis

A flip appraisal cannot be calculated. The supplied £100,000 comparable relates to a single flat/maisonette rather than the subject's combined maisonette and garden flat, and no supported refurbishment cost or selling allowance is available.

Investor Risks & Due Diligence

• Unknown extent and cost of the stated improvement and repair requirement.

• No sufficiently specific rental evidence is available to assess income or yield.

• The only recent comparable is a single flat/maisonette and may not represent the combined two-unit property.

• An administration fee and other non-optional buyer costs may apply, but amounts are unspecified.

• The separate maisonette and garden flat configuration requires confirmation of legal, access and valuation treatment.

Recommendation

Do not bid on the present evidence alone. Obtain a full inspection, separate-unit valuation, refurbishment quotation, rental assessment and confirmation of all auction charges before considering the property.

Strategy Rating

Analysis Confidence

The evidence confirms the accommodation, tenure, vacancy and one recent nearby flat/maisonette sale, but provides no specific condition schedule, refurbishment costs, rental evidence, comparable whole-property sales or stated auction fees.