2-bed terraced for sale in Devon Tq3 TQ3 — £79K | Dwelfy

Deals · TQ3 · Winner Street, Devon TQ3

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Pays on paper — one thing left to confirm

Rented normally, you'd make about £251 a month, if it can be let.

There is no EPC band we can cite for this address, and the band is what decides whether it may be let at all. The rent is our own estimate — worth checking against two or three real local lettings. One month without a tenant wipes out about 4 months of that profit, so keep a buffer for gaps.

Winner Street, Devon TQ3

2 BED TERRACEDListed 31d ago

£79,000

Why it works

Monthly profit +£251/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
15.17% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →
8.2% a year over five years — a strong return on the cash you put in
Rent, mortgage paydown and price growth together, annualised over five years.It assumes 2% a year of price growth. Strip that out and most of the return is the rent. See the projection →
Passes the lender's rate test at 6.5% — lender-friendly
Lenders test the rent against a stressed rate, not the one you are quoted. This clears it.The cover level is each lender’s own policy, not law — treat it as the shape of the test. See the lender's view →

Why to be cautious

No EPC band on record — the rating decides whether you may legally rent it out
An F or G rating has made a property unlettable on new tenancies since April 2020, and every rent figure on this page assumes it can be let.Free to check on the government EPC register in under a minute — do it before you offer, not after.
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the £79,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Devon Tq3, TQ3
No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.
Article 4Not assessed for this address
postcode area, not this address

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent).

You keep£251/mo

All-in cash£38,349

Payback12.7 yrs

Offer

Deposit

Mortgage rate

The dial above is the rate you would be quoted. Every figure on this page is worked at 6.50% — that rate plus a 0.75pp premium lenders add on a limited-company purchase.

Standard rental

Rent

Empty weeks a year

Doing it up

Estimated, not surveyed — nobody has been inside.

More assumptions10

Mortgage term

Fixed for

Stress rate

Solicitor + survey

Lender fees

Letting agent

Insurance

Maintenance

Service charge

Ground rent

Where these figures came from16

Offer the asking price£79,000Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for BTL

Mortgage rate a typical assumption5.75%5-year fixed at 75% LTV — 5.75% (as of 2026-09-14). 5.75% headline + 0.75pp limited-company product premium = 6.50% charged in this model.

Rent worked out from local rents£999/moEstimated rent from 6 comparables. Range £955–£1,045/mo.

Empty weeks a year a typical assumption2 wksTypical voids for BTL

Doing it up a typical figure, not a quote£10,764Per-property refurb estimate from the element rate-card model (£8,073–£15,070 range), VAT-inclusive

Mortgage term a general default, not this property25 yrs

Fixed for a typical assumption5 yrsFixed for 5 years (5-year fixed at 75% LTV); after the fix the projection charges the reversion rate — a stated assumption, not a forecast.

Stress rate a typical assumption7.50%The higher of 5.5% and your rate + 2 points (PRA SS13/16): 7.5%

Solicitor + survey a typical figure, not a quote£1,700Standard house — £1,100 legal + £600 survey

Lender fees a typical figure, not a quote£2,1852% product fee on £59,250 loan + £1,000 booking fee

Letting agent a typical assumption10%Typical BTL agency rate

Insurance a typical figure, not a quote£20/moTypical BTL building+landlord cover for sub-£200K

Maintenance a typical figure, not a quote£50/moTerraced: £50/mo proxy (shared structure)

Service charge a typical figure, not a quote£0/moFreehold — no service charge (scraper field ignored if present)

Ground rent a typical figure, not a quote£0/moFreehold — no ground rent (scraper field ignored if present)

These are this page’s own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

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Listed by

Your Move - Torquay

01803 268010 View on portal

Asking price£79,000

Rented normally, you'd make about £251 a month, if it can be let.

Will it pay?Calculator£251 of every £999 is yours to keep, each monthYou keep 25p of every pound of rent. The mortgage takes 32p.£999 rent in£251 yours◧ market rent £999 · 6 comps2 empty weeks a year assumed

What if I change my assumptions?The dialsAt the asking price, 25% deposit, 6.50% chargedChange any of these 16 and every card on this page changes with it. The 6.50% is the 5.75% quoted plus a company premium.◧ worked out from local rents

What will it cost me to buy?Breakdown£27,585 + refurb costs£7,835 of that never comes back — stamp duty, solicitor and lender fees.£27,585 to buy it~£10,764deposit · stamp duty · solicitor · feeswe haven’t been inside□ works not inspected

What would have to be true?Nothing — it works at the asking priceThe rent covers the mortgage, the running costs and the tax at the £79,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.◧ worked back from the rent

Is it a good location?Open the mapDevon Tq3, TQ3No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.Article 4Not assessed for this address■ postcode area, not this address

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the £79,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Devon Tq3, TQ3
No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.
Article 4Not assessed for this address
postcode area, not this address