1-bedroom flat · TQ1 4QF
Sold STCListed 15 days
Opportunity summary
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About
Description Guide price £150,000 to £160,000. Pegg Estates is pleased to offer this large and deceptively spacious one bedroom flat in a highly regarded street in Torquay.
The accommodation comprises of a kitchen/breakfast room, dining area doubling up to a study with stairs up to a Mezzanine (occasional bedroom), large master bedroom, living room and private outside space.
Council Tax Band: B Tenure: Leasehold Access Accessed via a stone driveway with pedestrian access to the front door.
Entered via a decorative wooden glazed door straight into the kitchen/breakfast room.
Kitchen (9.20' x 14.11') Having matching wall and base level units with roll top work surfaces, inset stainless steel sink and drainer with mixer tap, built in electric oven and four ring gas hob, wall mounted Ideal combi boiler, appliance space for washing machine and fridge freezer, large pantry cupboard, part tiled walls, radiator, vinyl flooring and a double glazed door leading to a private garden.
Door to the dining area.
Dining Room (7.11' x 16.10') A useable spacious area which doubles up as a hallway, study, dining room and has steps up to a mezzanine floor, carpet flooring, picture rails, dado rails, high ceiling, carpet flooring, radiator, telephone point and doors to additional rooms.
Shower Room A three piece suite comprising of a large double width shower cubicle with screen, pedestal wash hand basin, low level wc, part tiled walls, glazed window to the front aspect.
Chrome ladder style heated towel rail and vinyl flooring. Access Mezzanine floor, stairs from the dining area, this area here could be used as an additional occasional bedroom area.
Bedroom 1 (16.50' x 14.67') A large double bedroom, high ceilings, decorative coving, chandelier, picture rails, carpet flooring, radiator, original sash style refurbished window to the side of the property overlooking the garden with original and working shutters.
Fitted his and her style wardrobes.
Living Room (12.50' x 15.58') Much like the main bedroom this is a large and generous room with high ceilings, picture rails, radiator, electric fireplace with tiled surround and wooden mantle.
Original sash style refurbished window to the side aspect with working original shutters, carpet flooring.
Outside There is a front access and small hard standing area for potted plants, a private outside space is mostly laid to decking with step down to an artificial lawned area all enclosed by wood panel fencing.
Outside power point. Leasehold Information 50/50 share of freehold 50/50 share of service charge 999 year lease from conversion No holiday letting permitted.
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, 53 Petitor Road, Torquay
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