2-bedroom flat · TQ1 3NE
For saleReduced £14.9k (−10%) on 21 SepListed 469 days
Opportunity summary
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About
Description Situated within a well maintained retirement development, this spacious and bright two bedroom 1st floor apartment offers comfortable living exclusively for residents aged 50 and over.
As you arrive, the property benefits from allocated parking and there is a secure communal entrance with a lift rising to the first floor.
Upon entry to the apartment, the hallway leads into a generously sized lounge, flooded with natural light thanks to the Juliette balcony, the provides a refreshing breeze and offers a lovely outlook over the peaceful communal gardens.
French doors from the lounge lead into the well appointed kitchen, which features a range of wall and base units with work surfaces over, complemented by integrated appliances including a 4 ring electric hob and electric oven.
The apartment offers two spacious bedrooms, both benefiting from handy built-in storage. The bathroom is spacious and comprises a bath, walk-in shower, low-level WC, and wash hand basin.
Residents can also enjoy beautifully maintained communal gardens, as well as the peace of mind and social opportunities that come with retirement community living.
Located just a short walk from the picturesque Babbacombe Downs and the popular St Marychurch precinct with its range of local shops, amenities, and cafes, this apartment offers a wonderful blend of convenience, comfort, and community.
Council Tax Band: C (Torbay Council) Tenure: Leasehold (62 years) Ground Rent: £0 per year Service Charge: £1,998.48 per year Please Note *** Draft details and subject to change ***
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Flat 11, Castle Court, Torquay
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