1-bedroom flat · TQ2 5LU
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold This well-presented one bedroom retirement apartment is situated on the third floor of a sought-after development for residents aged over 60.
The property features a generous double bedroom, a bright and spacious living and dining area, and a private balcony offering impressive sea views across Torquay Harbour.
The kitchen and bathroom are both well-appointed, providing comfortable and convenient living. Residents benefit from a lift to all floors, ensuring easy access throughout the building.
The development offers excellent communal facilities, including a welcoming residents’ lounge and a laundry room (ideal for socialising and everyday convenience).
Allocated parking is provided for residents, along with additional visitor parking.
The apartment is ideally located in a popular area close to the seafront, shops, and public transport links (making it perfect for those seeking an active and independent lifestyle).
With an EPC rating of D, this property combines comfort and practicality in a desirable coastal setting.
Early viewing is highly recommended to appreciate the quality and location of this delightful retirement home.
EPC Rating: D Criteria & Notes Criteria - Some pets may not be allowed/No Smokers Notes: In order to qualify for a tenancy without a guarantor the total annual income required between the tenants is a minimum of 36 times the monthly rent.
If a guarantor is required the calculation is 42 times the monthly rent.
The 1st month's rent will need to be paid in advance and to reserve the property 1 week's rent is payable as a holding deposit, this is will go towards the full deposit should referencing be satisfactory.
The holding deposit will not be refundable should you fail your referencing or pull out from renting the property. Referencing forms must be completed within 7 days of paying the holding deposit.
The full deposit is equivalent to 5 weeks' rent.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 36 Homequay House Falkland Road, Torquay
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