56 Queen Street, Newton Abbot, Devon TQ12 2EW

TQ12 2EW · Pugh & Co · South West

£215,000guide price
4.5%gross yield
Commercial4.5% gross yield
56 Queen Street, Newton Abbot, Devon TQ12 2EW
Photo: Pugh & Co catalogue

Pre-bid risk check

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Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

EPC not confirmed

The listing does not show a clean EPC rating. The full pack checks the official register by address.

low confidence, Auction listing enrichment

Planning and licence check still needed

Article 4, conservation, HMO licensing, and flood checks need official-source lookup against the address.

not verified confidence, Full pre-bid pack

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About this lot

Live Stream Auction

The building is approximately 2,447 sq ft gross internal over ground, first and second floors, with a loft above. The ground floor shop is let to Wellbeing in Action, a registered charity, on a periodic tenancy at a rent presently below market to reflect the tenant's charitable status. Let on a periodic year to year tenancy. We understand that notice has been served to the tenant and that the shop will be vacant upon completion. We refer bidders to the auction legal pack for details. Flat 1 on the first floor is let on an assured periodic tenancy at £600 per calendar month. Flat 2 on the second floor is available with vacant possession. Two further parts of the building are vacant. The rear offices at the rear of the property has its own access from the rear and do not form part of the charity's lease. They are currently being used for temporary storage. They comprise two rooms with a kitchenette and w.c. and would potentially suit letting as a self-contained office suite at an estimated rent £350 per calendar month. On the first floor, the bedsit has its own kitchen area (sink, water heater and base cupboards) and w.c. but no shower. Fitted out with one, it could potentially let at around £500 per calendar month, or alternatively it could be let as a small self-contained office at approximately £250 per calendar month. Accommodation Ground floorShop, office suite to the rearFi…

From the Pugh & Co listing. Read the full listing and legal pack →

Key facts

CommercialUse class
MixedTenure
2,447 sq ftFloor area
£10K/yrPassing income
30 September 2026Auction date

Recent sold prices nearby

15 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

28 QU*** ST****TQ12 2EF£317,500
FL**** THE OLD TELEPHONE EXCHANGE QU*** ST****TQ12 2BG£200,000
18 OL* EX**** RO**TQ12 2NU£180,000

12 more sales with full addresses, sale dates and prices — including any prior sale of this exact lot.

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in TQ12

Evidence from 200 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+48.6%median uplift
£56,712typical value added
4.4 yearstypical hold period

See 200 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 200 registered sale pairs in TQ12 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

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