# 2 bedroom property for sale (EX38 8BT)

## Property Details

| Key | Value |
|-----|-------|
| Address | 97 NEW STREET, TORRINGTON, DEVON EX38 8BT |
| Price | £110,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £108,000 Mar 2021 |

## Description

A surprisingly spacious two bedroom home situated within level walking distance of Torrington town centre and its amenities.  The home briefly comprises of two bedrooms and a bathroom, with waterfall shower, to the first floor, whilst to the ground floor is a good size sitting room, seperate dining room and kitchen to the rear. Outside the home benefits from a detached garden located along a short shared path.

**Directions**

From our Torrington Office take the Well Street exit from The Square and at the road junction turn left.  At the mini roundabout with the Fire Station in front of you, turn left signposted Bideford/Holsworthy and continue into New Street where No 97 will be found after a short distance on your left hand side, just opposite the corner of Stonemans lane with the number plate and For Sale sign clearly displayed.

## Property Photos

- ![Picture No. 15](/listings/photos/75771510/203394) - Picture No. 15
- ![Picture No. 03](/listings/photos/75771510/203396) - Picture No. 03
- ![Picture No. 04](/listings/photos/75771510/203397) - Picture No. 04
- ![Picture No. 05](/listings/photos/75771510/203399) - Picture No. 05
- ![Picture No. 06](/listings/photos/75771510/203402) - Picture No. 06
- ![Picture No. 07](/listings/photos/75771510/203403) - Picture No. 07
- ![Picture No. 08](/listings/photos/75771510/203405) - Picture No. 08
- ![Picture No. 09](/listings/photos/75771510/203406) - Picture No. 09
- ![Picture No. 10](/listings/photos/75771510/203408) - Picture No. 10
- ![Picture No. 12](/listings/photos/75771510/203410) - Picture No. 12
- ![Picture No. 13](/listings/photos/75771510/203412) - Picture No. 13
- ![Picture No. 14](/listings/photos/75771510/203413) - Picture No. 14

## Floorplans

- ![Floorplan](/listings/photos/75771510/203415) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/75771510/203417) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 97 NEW STREET, TORRINGTON, TORRIDGE, DEVON, EX38 8BT | £108,000 | 31/03/2021 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 99 MILL STREET, TORRINGTON, TORRIDGE, DEVON, EX38 8AN | £165,000 | 18/09/2025 | Other |
| 85A NEW STREET, TORRINGTON, TORRIDGE, DEVON, EX38 8BT | £267,500 | 11/02/2022 | Other |
| 8 NEW STREET, TORRINGTON, TORRIDGE, DEVON, EX38 8BN | £265,000 | 17/09/2021 | Other |

**Area average:** £232,500 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £258,143 (7 Other, EX38, 2024–2026)
- **Deviation:** -57.4%

## Rental Range

*ONS Price Index of Private Rents (Torridge). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £708/mo
- **Realistic:** £787/mo
- **Optimistic:** £866/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, New St, EX38 | £800/mo | 2 | 0.02 miles | OpenRent |

**Average rent: £800/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.73% (weak for cashflow)
- **Max investor price (0.8%):** £100,000
- **Target investor price (1%):** £80,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £800/mo).*

- **Gross yield:** 8.7%
- **Cost-to-rent:** 11.5×
- **Monthly cashflow:** £262/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9.8%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -36.4%

## House Price Index (HM Land Registry)

*Official index for Torridge; All dwelling types series; as of February 2026.*

- **1y growth (index):** -2%
- **5y growth (index):** 14.2%
- **10y growth (index):** 33%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)