We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workStudio · TQ2 6JF
Listing removedReduced £10k (−16.7%) on 20 JunListed 458 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Located in the sought-after area of Chelston, Torquay, this ground floor studio flat offers a fantastic opportunity for first-time buyers, investors, or those looking for a convenient coastal base.
Set in a prime position close to local amenities, bus routes, and the seafront, this property combines accessibility with low-maintenance living.
The accommodation comprises a bright and functional kitchen/living area, a bedroom space, and a private ensuite shower room.
Additional benefits include double glazing, electric heating, and no onward chain, making for a straightforward and appealing purchase.
Whether you're stepping onto the property ladder or expanding your investment portfolio, this studio flat delivers excellent value in a desirable Torquay location.
Council Tax Band: A Tenure: Leasehold Access Access via a double-glazed door to the side aspect. Kitchen/Diner (12' x 10') Two double-glazed windows - one to the front and one to the side aspect.
Vinyl flooring; electric heater; power points; telephone point; built-in storage cupboard with shelving. Double-glazed door to the side aspect giving access to the property. Door to Lounge/bedroom.
The Kitchenette has matching wall and base level units with roll-top work surfaces; stainless-steel sink and drainer with mixer tap; appliance space for fridge/freezer and cooker.
Lounge/Bedroom (13' x 8') Double-glazed window to the front aspect. Carpet flooring; power points; built-in wardrobe; electric heater. Door to en-suite shower room.
Ensuite Shower Room A three-piece-suite comprising: Shower cubicle; low-level WC; pedestal wash-hand-basin; tiled walls; extractor fan.
Leasehold Information 999 year lease from 2018 Service charge 1/4 of costs required
Value & comps
No previous sales on record.
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 asking
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
FAQ
About The Flat, 13 Walnut Lane, Torquay
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