1-bedroom flat · TQ1 2QU
For saleListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well Presented Apartment With Balcony, Open Views And Undercover Parking, Ideally Situated In Sought-After Wellswood.
Well Presented Apartment With Balcony, Open Views And Undercover Parking, Ideally Situated In Sought-After Wellswood.
Accessed via a well-maintained communal entrance with both stair and lift access, this well-presented fourth floor apartment offers comfortable and practical accommodation, together with a balcony enjoying far-reaching views across Wellswood and the surrounding area.
The L-shaped entrance hallway features a secure telecom entry system, useful built-in storage, an office area and doors leading to all principal rooms.
The modern kitchen is fitted with a range of matching white gloss wall and base units, work surfaces with splashback, inset sink with mixer tap, integrated single oven and hob, extractor fan and space and plumbing for further white goods.
The lounge is a particularly appealing room, benefiting from dual-aspect UPVC double-glazed windows to the front, with sliding patio doors to the side, opening onto the balcony.
The balcony provides an excellent outdoor seating area and enjoys attractive far-reaching views across Wellswood and the surrounding area.
The lounge also features an electric fireplace, electric heater, coving and a range of power points.
The double bedroom has UPVC double-glazed windows to the side, fitted mirrored sliding wardrobes providing hanging rails and shelving, an electric radiator and power points.
The bathroom is fitted with a modern white suite comprising a corner shower enclosure with glazed doors, electric power shower, pedestal wash basin with vanity mirror over, low-level WC, chrome heated towel rail and tiled surrounds with PVC panelling.
Outside, the property benefits from allocated undercover parking for one vehicle within the carport, together with communal bin and storage areas.
Wellswood is widely regarded as one of Torquay's desirable residential areas, known for its leafy surroundings, attractive period properties and village-style atmosphere.
Wellswood Village provides a selection of independent cafés, restaurants and shops, while Torquay Harbour, Meadfoot Beach and the South West Coast Path are also within easy reach.
The area combines a coastal lifestyle with everyday convenience and access to some of the finest scenery within Torbay.
Material Information (Subject to Legal Verification) Tenure: Leasehold Lease remaining:156 years Full lease term:199 years from 15 December 1982 Council Tax Band – B EPC – D Service Charge - £1740 per annum to inc Water Rates Ground Rent - £10 The freehold is held by Ilsham House Management Limited, and the development is professionally managed by IMove Property Management In accordance with our legal and regulatory obligations, all vendors and purchasers are required to Complete appropriate Anti-Money Laundering (aml) and identity verification checks before proceeding with a property transaction.
A fee is payable for the completion of these checks: •Vendors: £25 + VAT per person •Purchasers: £37.50 + VAT per person The applicable fee is payable when the aml verification process is requested and covers the cost of carrying out the required identity and aml checks.
Additional checks may be required where necessary to satisfy our legal and regulatory obligations.
Please note that payment of the aml verification fee does not guarantee that a transaction will proceed and does not form part of our estate agency commission.
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 32 Ilsham House, Asheldon Road, Torquay
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