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See how verdicts workStudio flat · TQ2 5UW
Listing removedListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION - Lot 4 - Ground Floor Unit ONLINE AUCTION from 1st SEPTEMBER - 3rd SEPTEMBER Leasehold 999 years from completion £1 ground rent Lower ground floor unit, vacant and part-renovated.
Stripped to bare floors and plastered walls. No kitchen or bathroom fitted. Requires completion throughout. Location Central Torquay, on Lucius Street.
Mixed-use building with shops at ground floor and flats above. Torquay harbour, seafront and town centre within walking distance. Access Separate entrance to the rear via pathway.
Potential Completion as a private residence or a let. Short-let or holiday use, subject to planning and consents. Torbay is an established holiday market.
Suited to An investor or trader able to finish the works, or an owner-occupier with cash. Cash or bridging purchase in current condition.
Key Facts Leasehold, 999 years from completion, £1 ground rent. Vacant possession. Lower ground floor in a mixed commercial and residential building.
Tenure: Advised Leasehold -999 years from completion - to be verified by solicitor
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Apartment 2 21 Lucius Street, Torquay, Devon, TQ2 5UW
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