1-bedroom house · TQ1 3BY
Sold STCListed 267 days
Opportunity summary
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About
SUMMARY A fantastic opportunity for anyone looking to downsize into a secure retirement apartment within a socially active block!
Also benefiting from being situated in Torquay Town Centre with easy access to local shops and amenities. Viewing by arrangement only!!
DESCRIPTION Situated on Market Street in the heart of Torquay, this One Bedroom Retirement Apartment is now coming to the market with no onward chain!
This amazing apartment is ready for the new owner to put their own personal touch on it to make their new home exactly how they imagine!
The complex itself is very secure yet also caters to anyone that enjoys an active social life with a communal residents lounge in the building.
There is also a roof terrace conveniently located on the same floor as this fantastic apartment!
LOCATION AND AREA: Torquay originated as a Victorian spa, later becoming a much loved tourist destination with its long sandy beach at Tor Abbey and more secluded beaches at Meadfoot, Babbacombe and Oddicombe; Torbay is often referred to as the English Riviera.
Torquay Harbour and Marina are situated at the bottom end of the town, just a short walk from Tor Abbey Sands and offers a range of shops, cafes and restaurants; many of whom serve fresh local seafood and locally sourced produce.
GETTING AROUND THE SOUTH WEST By Train: The main railway station at Torquay is located near the seafront and has direct services to London Paddington, Birmingham and Bristol.
By Air: Exeter Airport is just 26 miles away offering both International and UK flights throughout the year.
Regional Cities and Places of Interest: The county town of Exeter is approximately 25 miles away and the historic naval city of Plymouth 32 miles.
Lounge 16' 7" x 9' 9" ( 5.05m x 2.97m ) Front facing, double glazed window, carpet flooring, electric storage heater and views of Ellacombe Park.
Kitchen 10' 8" x 8' 1" ( 3.25m x 2.46m ) Wood effect wall and base units, laminate work top, tiled splashback, integrated oven, hob and cooker hood, sink drainer and linoleum flooring.
Bedroom 1 15' 5" x 8' 6" ( 4.70m x 2.59m ) Front facing, double glazed window, carpet flooring, electric storage heater and views over Ellacombe park.
Bathroom Three piece suite consisting of large walk in shower, WC, wash hand basin and linoleum floor.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
Agent & docs
FAQ
About Market Street, Torquay
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