3-bedroom property · TQ5 8AA
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great investment opportunity. This large ground floor shop unit with spacious 3 bedroom Flat above. Offering plenty of scope for a variety of options, located in the main Brixham high street.
An exceptional opportunity to acquire the freehold of a characterful and versatile former bank building, ideally situated in the heart of Fore Street, Brixham’s bustling and historic retail core.
This sought-after street serves as the primary pedestrianised route between the town’s residential neighbourhoods and its iconic harbourside and waterfront, making it a central hub of both commercial activity and footfall throughout the year.
Fore Street is home to a vibrant mix of independent retailers, cafés, restaurants, and local businesses, ensuring consistent visitor traffic from both locals and tourists.
This property occupies a strategic position at the western end of the street, where New Road and Bolton Street-the two main access routes into town-converge, enhancing its visibility and accessibility.
Ground Floor Commercial Space – Approx.
125m2 The ground floor has been previously operated as a highly successful outdoor supplies retail store for over 12 years, and offers an expansive, flexible commercial layout including: A generous shop floor area of approximately 70m2, additional staff facilities, including a staff room, two WCs, dedicated storage, and fitting rooms.
High ceilings and wide frontage, ideal for retail display or customer service spaces.
Potential for a variety of commercial uses (subject to necessary consents), including retail, gallery, café, studio or office use First Floor Residential Accommodation – Approx.
125m2 The first floor offers a spacious and well-proportioned flat with excellent scope for improvement or reconfiguration, presenting the opportunity to create a three- or four-bedroom residence, depending on layout preference.
Key features include: Generously sized rooms with plentiful natural light, private and sunny rear decked garden, attractive period features and high ceilings and large windows overlooking Fore Street.
Ideal for owner-occupiers, long-term lets, or holiday rental potential (subject to planning where applicable) The flat has its own separate entrance and could offer strong rental returns in this high-demand area.
This property offers tremendous potential for investors, developers, or business owners alike.
With its central location, flexible internal space, and strong year-round footfall, it is ideally suited to a wide range of uses-from continuing as a retail hub with residential income above, to a complete redevelopment - There is currently a planning application pending (P2024/0482) which will allow for the subdivision of the ground floor into two spacious retail units, and the creation of two modern residential dwellings above.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 5, Fore Street, Brixham
Explore nearby