Torrington, Devon
BO

Torrington, Devon

By Bond Oxborough Phillips

£ 550,000

Reviews

2 out of 5 stars

Bond Oxborough Phillips says ..

MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY – INCOME £35,400 PER ANNUM. BUSINESS UNAFFECTED. An attractive Freehold proposition, positioned in the heart of Great Torrington’s town centre and presenting a good balance of residential and commercial income. The ...

Property Oracle says ..

This property in Great Torrington, Devon, is a mixed-use commercial and residential building located on Potacre Street. The exterior presents a well-maintained, traditional appearance. The interior photos suggest recently updated kitchens and bathrooms, which are in good condition. There are multiple bedrooms and bathrooms across what appears to be several floors. The location in the town centre is advantageous, with relatively close proximity to local schools, several of which received good Ofsted ratings. The surrounding area appears to have some higher-priced properties in the nearby streets. However, there is a lack of data on nearby transportation links. A significant drawback of the property is the lack of land associated with the building, which may be a factor for potential buyers. The asking price of £550,000 appears high without precise comparable sales data. More information on the square footage, precise layout, and the breakdown of residential and commercial space would facilitate a more accurate valuation. The property is likely best suited for a buyer interested in a commercial property with residential income potential, given its current use as such. Those seeking a detached property with substantial land should seek alternatives. The overall condition appears adequate, though some areas such as carpets and furnishings may benefit from upgrading to maximize rental income or resale potential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
5
Bathrooms
5
Sqft (est)
3,096.45

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
283,167.00 £
Increased by 7.70 %
from 262,921.00 £
Est sale value
1,083,757.50 £
Increased by 33.59 %
from 811,269.90 £
Average area rental value
723.00 £/mo
Increased by 8.72 %
from 665.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.06 %
Increased by 0.66 %
from 3.04 %
Crime Rate
86.00 %
Unchanged by 0.00 %
from 86.00 %

Agent Activity

  • Bond Oxborough Phillips created the listing.

Nearby Schools

NameTypeOfstedDistance
Bluecoat Children'S CentreChildren's Centre0.68 KM
Great Torrington Bluecoat Church Of England Primary SchoolVoluntary Controlled SchoolGood0.68 KM
Great Torrington SchoolAcademy ConverterGood1.02 KM
Marland SchoolFoundation Special SchoolGood6.21 KM
Monkleigh Primary SchoolCommunity SchoolGood6.36 KM

Images

Picture No. 01 Picture No. 17 Flat 2 Livinig Area Picture No. 12 Picture No. 14 Flat 2 Kitchen First Floor Stairs Picture No. 13 Picture No. 15 Picture No. 16 Picture No. 18

Nearby Streets

NameAverage PriceAverage SqftDistance
Castle Street £ 280,00000.00 KM
Fore Street £ 000.00 KM
Torrington Pannier Market £ 475,00000.00 KM
Church Lane £ 267,50000.00 KM
White's Lane £ 290,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Torrington, Devon £ 550,000BUY5 / 100.00 KM
Torrington, Devon £ 190,000BUY5 / 100.05 KM
Castle Street, Torrington, Devon £ 170,000BUYUnknown0.05 KM
Torrington, Devon £ 160,000BUY6 / 100.07 KM
Castle Street, Torrington, Devon £ 230,000BUY7 / 100.07 KM

Nearby Properties

AddressPriceDistance
8a Potacre Street £ 170,0000.04 KM
4 Potacre Street £ 330,0000.04 KM
9 Potacre Street £ 137,5000.04 KM
3 Potacre Street £ 175,0000.04 KM
5 Potacre Street £ 101,0000.04 KM