3-bedroom flat · TQ1 1DW
Listing removedListed 543 days
Opportunity summary
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About
This is truly one of the most unique apartments you are ever likely to encounter in Torbay.
This is due primarily to the incredibly large private gardens that it offers with stunning flower beds and a large level lawn.
All this is even more impressive when you consider how incredibly quiet and secluded the apartment is but just a stones throw from Torquay Harbour and also the fact that it has a separate basement with two large storage rooms, which again are all private.
The property is situated on the ground floor of a block of just four flats; it offers three bedrooms, a kitchen, a bathroom, and a large living/dining room with a door onto the private gardens.
It is fair to say that internally the property would benefit from some refurbishment throughout, but it is in a good overall condition.
The basement is accessed through the communal hallway for the other flats; you then have stairs taking you down to a large L-shaped hallway, which in turn gives access to two good-sized store rooms, both of which have power and lighting.
The apartment itself has its own private entrance into a very good-sized porch, and it is all-level access from the car park.
The property has a private parking space in the residents car park, which is situated at the front of the building.
Tenure: The flat currently owns the freehold to the building, but the sellers are prepared to split the freehold and offer a fresh lease of 999 years should the new owners prefer that.
Location The property occupies a fine position on Torquay's waterfront, just a short stroll from the bustling harborside along with its variety of amenities, restaurants, cafes, and local attractions.
The strand is home to an array of bus stops offering flexible transport to many destinations, and Torquay Train Station is approximately 1 mile away along the seafront.
Torquay is home to an array of picturesque landmarks and local attractions, including the Princess Theatre, Kents Cavern, and the Model Village.
A variety of beaches are on offer for both sun loungers and water sports enthusiasts, with the power boat racing event occurring annually.
The new South Devon Highway provides a faster route to the A38 with a journey time of approximately 30 minutes to The Cathedral City of Exeter. Porch (16' 6'' x 6' 11'' (5.03m x 2.11m)) Entrance door.
Rear elevation double glazed door and windows to garden. Hallway Wall mounted radiator. Entrance door.
Living/Dining Room (25' 0'' x 13' 5'' (7.61m x 4.09m)) Double glazed bay window with inset double glazed door. Gas fire. Side elevation double glazed windows.
Kitchen (7' 3'' x 10' 10'' (2.21m x 3.30m)) Fitted kitchen with wall and base units. Fitted work surfaces. Sink with drainer. Oven and four ring hob. Plumbing for washing machine.
Side elevation double glazed window. Bedroom One (19' 8'' x 12' 11'' (5.99m x 3.93m)) Double glazed bay window with double glazed door inset. Wall mounted radiator.
Bedroom Two (9' 10'' x 10' 11'' (2.99m x 3.32m)) Side elevation double glazed window. Wall mounted radiator. Bedroom Three (8' 7'' x 11' 4'' (2.61m x 3.45m)) Side elevation double glazed window.
Wall mounted radiator. Bathroom Panelled bath with shower over. Wash hand basin. Low level WC. Tiling. Side elevation double glazed window. Separate Basement Hallway Power and lighting.
Stairs to the communal hall. Store Room One (7' 11'' x 10' 4'' (2.41m x 3.15m)) Power and light. Store Room Two (8' 1'' x 10' 3'' (2.46m x 3.12m)) Power and light.
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 1 Gairloch House, Museum Road, Torquay
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