Pegg Estates says ..
This property offers a unique investment opportunity, with its multiple flats, established tenancy, and excellent town centre location. Its good condition and established income stream make it a worthwhile addition to any property portfolio. CHAIN FREE
Property Oracle says ..
The property is a block of apartments located in Tormohun, Torbay, Devon. The area benefits from relatively close proximity to Torquay Train Station (1.78km), offering convenient access to rail travel. Several schools are also within a reasonable distance, including Ellacombe Church of England Academy (rated ‘Good’ by Ofsted) and Warberry Cofe Academy (also rated ‘Good’). This suggests a reasonably convenient location for families. However, without specific details on the property’s proximity to shops and other amenities, a conclusive assessment of its location score is difficult. The images reveal a property that appears to be in generally fair condition, though some rooms show signs of wear and tear. While not appearing to be in need of major structural repairs, some cosmetic updates and general tidying could enhance its overall appeal. The kitchens and bathrooms appear functional but could benefit from some modernisation. The presence of a fireplace and the general style of the property suggest it may have some traditional character. Information regarding the plot size and garden is not provided, therefore, an assessment of the land score is not possible. The list price of £220,000 is slightly below the average price of £232,484 for the area. However, the absence of square footage information for the subject property prevents a meaningful comparison of price per square foot. A more comprehensive analysis would require the square footage to determine if the list price is reasonable relative to the average price per square foot in the area and considering the property’s condition. The prices of nearby properties vary significantly, ranging from £35,000 to £650,000, indicating a diverse range of property types and values in the immediate vicinity. This makes it difficult to definitively assess the price without more specific details.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 6
- Location
- 7
- Land
- 0
- Bedrooms
- 5
- Bathrooms
- 3
- Sqft (est)
- 733.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 294,333.00 £Increased by 15.16 %
- Est sale value
- 238,225.00 £Increased by 27.45 %
- Average area rental value
- 802.00 £/moDecreased by 15.22 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 3.27 %Decreased by 26.35 %
- Crime Rate
- 31.00 %Unchanged by 0.00 %
Agent Activity
Pegg Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Torquay Children'S Centre | Children's Centre | 0.56 KM | |
| Eat That Frog C.I.C | Special Post 16 Institution | Good | 0.65 KM |
| Ef Academy Torbay | Other Independent School | 0.67 KM | |
| Ellacombe Church Of England Academy | Academy Sponsor Led | Good | 1.02 KM |
| Warberry Cofe Academy | Academy Converter | Good | 1.26 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Swan Street | £ 0 | 0 | 0.00 KM |
| Banner Cross Steps | £ 350,000 | 0 | 0.00 KM |
| Briary Lane | £ 0 | 0 | 0.00 KM |
| Torwood Gardens Road | £ 0 | 0 | 0.00 KM |
| Castle Circus Court | £ 295,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Torquay | 3434 | TQY | 1.78 KM |
| Torre | 3432 | TRR | 2.41 KM |
| Paignton | 3427 | PGN | 5.20 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rock Road, Torquay | £ 65,000 | BUY | 6 / 10 | 0.00 KM |
| Rock Road, Torquay | £ 60,000 | BUY | 5 / 10 | 0.00 KM |
| Rock Road, Torquay | £ 95,000 | BUY | 6 / 10 | 0.00 KM |
| Rock Road, Torquay | £ 115,000 | BUY | 5 / 10 | 0.00 KM |
| Rock Road, Torquay | £ 95,000 | BUY | Unknown | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 51 Rock Road | £ 140,000 | 0.02 KM |
| 55 Rock Road | £ 68,000 | 0.02 KM |
| 47 Rock Road | £ 35,000 | 0.02 KM |
| 62 Rock Road | £ 237,500 | 0.02 KM |
| 33 Rock Road | £ 62,500 | 0.02 KM |