1-bedroom flat · TQ2 5NY
For saleReduced £25k (−26.3%) on 20 JunListed 285 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of a converted period residence is this ground floor one bedroom flat.
Matlock Court is a short stroll away from Torquay town centre, and a short saunter from Torquay seafront, vibrant waterside cafes, bars and restaurants, Torquay marina and the Princess Theatre.
An array of activities, including Torquay Tennis Club, are all close by. A particular benefit is a parking space, invaluable for a home of this nature, so close to the town and seafront.
Door into hallway Storage cupboard. Kitchen - 2.33m x 1.58m (7'7" x 5'2") Built in electric oven and hob, space for a washing machine, cupboards and drawers over and under surfaces, sink unit.
Window out to side. Lounge - 4.65m x 2.88m (15'3" x 9'5") A good sized lounge, window out to back. Electric storage heater.
Bathroom Three piece suite comprising of bath with overhead electric shower, washbasin with vanity surround, low level WC, wall hung radiator.
Bedroom - 3.01m x 2.6m (9'10" x 8'6") A double bedroom, with built in storage and window to back. Electric storage heater. Outside Parking for one car.
Lease of 199 years from 1987 (expires 2187) Service Charge is £90pm Verified Material Information Council Tax band: B Tenure: Leasehold Lease length: 159 years remaining (199 years from 1985) Service charge: £1080 pa Lease restrictions: Property can not be holiday let Property type: Flat Property construction: Standard construction Energy Performance rating: D Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Mains water supply Sewerage: Mains Heating: Room heaters only is installed.
Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 - Good, Vodafone - Great, Three - Good, EE - Great Parking: Allocated Building safety issues: No Restrictions - Listed Building: No Restrictions - Conservation Area: No Restrictions - Tree Preservation Orders: None Public right of way: No Long-term area flood risk: No Historical flooding: No Flood defences: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: None Coal mining area: No Non-coal mining area: Yes All information is provided without warranty.
Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
Agents notes These details are meant as a guide only. Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc.
Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale.
Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed.
We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 4, Matlock Court, 3 St. Lukes Road, Torquay
Explore nearby