2-bedroom flat · TQ2 5NB
For saleReduced £3k (−3.4%) on 28 SepListed 35 days
Opportunity summary
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About
Description This well-presented apartment is situated within a development for the over 60s and benefits from a secure communal entrance, house manager and lift access to the fourth floor.
Upon entering the apartment, the hallway which has the benefit of a loft hatch and then leads through to a bright and spacious lounge, which is flooded with natural light and provides a comfortable space to relax and unwind.
The kitchen is fitted with a range of wall and base units with work surfaces over and has space for a free-standing cooker along with plumbing for a washing machine, creating a practical and functional space for everyday cooking.
The property offers two well-proportioned bedrooms, both enjoying an abundance of natural light, with both benefiting from the added convenience of built-in storage and an en-suite; comprising a walk-in shower, low level WC and wash hand basin.
Completing the apartment is a bathroom comprising a bath with a shower over, low level WC and a wash hand basin.
Located in the heart of Torquay town centre, this well presented fourth floor retirement apartment offers both convenience and comfort, perfect for those seeking a relaxed lifestyle close to the coast.
Council Tax Band: C (Torbay Council) Tenure: Share of Freehold (87 years) Ground Rent: £0 per year Service Charge: £2,867.76 per year Please note in relation to pets; With permission you are able to take a pet with you however when they pass away you are not able to get a new one.
Please note the property is under the bsa. Please Note *** Draft details and subject to change *** Mortgages iMove Estate Agents work in partnership with Larkspur Financial.
Should you require a mortgage or professional advice, please let us know and we will be pleased to introduce you to their team, who can help explore the most suitable options for you.
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.
Area
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FAQ
About Flat 40, Tor Haven, Torquay
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