1-bedroom flat · TQ1 3AF
Let agreedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A newly refurbished ONE BEDROOM APARTMENT ideally situated close to Torquay Town Centre, offering convenient access to a wide range of shops, restaurants, cafés and everyday amenities.
Finished to a modern standard throughout with neutral décor, the property provides comfortable and low-maintenance living.
Several public car parks are located nearby, making parking readily accessible.
The bustling harbour, seafront promenade and excellent transport links are all within easy reach, creating an ideal home for those seeking a central and convenient lifestyle. Regret no smokers.
COUNCIL TAX BAND Torbay Council - Band 'A'.
Full amount payable 2026/27 - £1,637.99 EPC RATING D '66' DEPOSIT £720 DIRECTIONS WHAT3WORDS: ///rushed.flats.dads ADDITIONAL INFORMATION Access: From the pavement you will have a communal entrance where set of stairs will lead you to your front door.
HEATING TYPE: - HEATING: Electric Heating. SERVICES: Mains Electric, Water & Drainage.
BROADBAND AND MOBILE - We understand that Standard and Ultra Fast Broadband via Open Reach and Virgin Media is available in the area, with Mobile signal EE: Good outdoor and In-home O2: Good outdoor, and in-home THREE: Good outdoor and in-home Vodaphone: Good outdoor, Variable In-home (according to the Ofcom website).
PERMITTED PAYMENTS & TENANT INFORMATION Prior to the commencement of your tenancy (Payable to John Lake Lettings 'The agent'):- Holding deposit: 1 week's rent. Security deposit: 5 week's rent.
1 month's rent: Minus the holding deposit originally paid. Please Note: The holding deposit is paid to reserve a property and will go towards the first month's rent should referencing be satisfactory.
This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right- to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
PERMITTED PAYMENTS & TENANT INFORMATION During the tenancy (Payable to John lake Lettings 'The agent'): Variation of contract: £50 Lost keys or other security devices: Payment of incurred costs of replacement loss of keys/security devices.
Unpaid rent: Payment of interest for the late payment of rent at a rate of 3% above the Bank of England Base Rate. This will not be levied until the rent is more than 14 days in arrears.
John Lake Gilt Edged Lettings Limited is a member of Propertymark which is a client money protection scheme, and also a member of The Property Ombudsmen which is a redress scheme.
You can find out more details on the agent's website or by contacting the agent directly.
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.
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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

FAQ
About Market Street, Torquay, TQ1
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