1-bedroom flat · TQ1 3BY
For saleReduced £15k (−23.1%) on 20 JunListed 468 days
Opportunity summary
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About
Description Located within a well maintained development, this spacious one bedroom apartment offers comfortable living in a secure and friendly environment, ideal for those seeking low-maintenance living with excellent communal facilities.
The development is for those ages over 60 and benefits from access to a wide range of excellent communal facilities, including a welcoming residential lounge for socialising, a sun terrace for relaxing outdoors, a laundry room, and a guest suite available for visitors.
There is also a gated car park area and space are allowed by the home manager.
Upon entering the apartment, you are welcomed by the hallway with a useful built in storage cupboard perfect for coats, shoes, or household essentials.
The lounge is generously sized and enjoys an abundance of natural light through large windows, creating a warm and inviting space for relaxing.
There is ample room for both lounge furniture and a dining table and chairs.
The kitchen is well-appointed with a range of wall and base units, work surfaces over, space for a freestanding cooker, and room for an under-counter fridge.
The double bedroom benefits from built-in storage and there is then a shower room. This is fitted with a walk-in shower, a low level WC, and a wash hand basin.
Further advantages of this delightful apartment include double glazing throughout and electric heating.
The property is located in Torquay Town Centre and is located within walking distance to the shops and local bus routes.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (60 years) Ground Rent: £200 per year Service Charge: £3,380 per year Please note ground rent is £200 but is rising to £440 as per the leasehold title.
Please note the property is under the building safety act. Please Note *** Draft details and subject to change ***
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 8, Stratheden Court, Torquay
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