2-bedroom house · TQ1 3LW
Listing removedReduced £8k (−3.3%) on 20 JunListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming period cottage stands just a pebbles throw from the picturesque Babbacombe Downs which overlooks Lyme Bay with shingle beaches below.
The accommodation presents open plan principal living space and traditional two-bedroom layout to the first floor whilst externally is a rear courtyard garden which could be utilised as parking provisions for a smaller vehicle.
Princes Street is found in the very heart of Babbacombe, in an enviable level location close to a host of local amenities including shops, eateries, theatre and Cary Parks, with tennis and bowls clubs.
The property presents an ideal opportunity as a character main residence, a quaint second home or buy-to-let investment.
EPC Rating: C Owner Insight "Having lived in Babbacombe for a number of years when we saw this lovely cottage come on to the market we felt that we had to buy it as they do not tend to come on to the market very often.
Initially purchasing the house to use as a holiday rental, with a view to it becoming our home to retire to in the future.
The property was a successful holiday rental for us, then becoming a long-term rental, but as always, plans change and we have now decided to sell the property, starting a new chapter in our lives.
We were initially attracted to the property due to its convenient location.
One of very few areas in Torquay that you can find everything that you need on a daily basis, a selection of shops, a regular bus service and lovely walks all found close at hand, something that I know any new owners will also appreciate.
When we look to retire, we will certainly be looking to purchase a home of this nature again!" Step Inside A part glazed composite front door opens to the reception hall with cupboard housing the electric meter and consumer unit.
Door to the sitting room with window to the front with recessed window seat, durable wood effect flooring, feature wooden fire surround with marble effect inset and hearth and storage cupboard housing the gas meter.
Opening through to the kitchen which is fitted with a range of white fronted units and wood effect work tops with inset sink unit.
Built-in electric oven, four ring gas hob with cooker hood over and provision for washing machine.
Cupboard housing the Ideal Logic gas fired boiler, further storage cupboard, slate effect tiled floor, window to the rear and half glazed door to the garden.
Step Upstairs From the reception hall stairs rise to the First Floor Landing with hatch to loft space and recess with shelf and clothes rail with curtain front.
Bedroom 1 is a double room with two windows to the rear and shelved storage cupboard. Bedroom 2 is an 'L' shaped room with window to the front.
Bathroom with white suite of 'P' shaped bath with shower mixer taps, wash hand basin and WC. Part aqua panelled walls, ladder style heated towel rail, extractor fan and built-in storage cupboard.
Step Outside To the rear of the property is an enclosed garden laid for ease of maintenance with decked terracing and gravelled bed beyond. Within the garden is a lockable store.
The previous owners formerly used this area as off road parking for one small car and could be re-instated as such if the rear fence and decked terrace were removed.
Additional Information Access: Virtually level access. Heating: Gas Central Heating. Services: Mains electric, gas, water & drainage. Council tax band: ‘B’ (Torbay Council).
Full charge payable for 2024/2025 is £1,736.66.
Broadband & mobile: We are advised that Standard, Superfast & Ultrafast Broadband are available in the area via Openreach & Virgin Media, with mobile signal likely with EE but limited via Three, O2 & Vodafone.
Our Area Torquay is nestled on the warm South Devon coast being one of three towns along with Paignton and Brixham which form the natural east facing harbour of Torbay, sheltered from the English Channel.
Torbay's wide selection of stunning beaches, picturesque coastline, mild climate and recreational facilities reinforce why it has rightfully earned the renowned nickname of the English Riviera.
Torquay Is Well Connected By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot.
By Air: Exeter Airport provides both UK and international flights. By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds.
Regional Cities of Exeter & Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles. Directions Sat nav: TQ1 3LW.
WHAT3WORDS:///proper.bonus.tables Garden Decked terrace & gravelled garden for ease of maintenance.
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 advisers 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 3 Princes Street, Torquay
Explore nearby