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See how verdicts work2-bedroom flat · TQ1 2LR
For saleReduced £10k (−4.3%) on 22 JulListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated within the desirable Lincombe Conservation Area, this elegantly presented two-bedroom ground floor apartment forms part of a purpose-built extension to an attractive and well-maintained Victorian villa.
Offered to the market with no onward chain, the property provides tasteful, well-planned accommodation in a peaceful yet highly convenient coastal setting.
The apartment opens into a welcoming entrance hallway with built-in cupboards providing ample storage options.
A generous living and dining room is found at the end of the hallway in a bright and inviting space. This is enhanced by a walk-in bay with full-height double-glazed sash-style windows.
A set of double doors lead through to the kitchen, which is fitted with a comprehensive range of integrated appliances including an eye-level oven, microwave, gas hob, under-counter fridge and freezer, washing machine and tumble dryer.
A stainless steel one-and-a-half bowl sink with drainer is positioned beneath a double-glazed window.
There are two comfortable double bedrooms, with the principal bedroom enjoying fitted wardrobes and a contemporary en-suite shower room.
A well-appointed three-piece bathroom serves the second bedroom and guests.
Meadfoot Grange is set within beautifully maintained communal gardens, bordered by mature trees and enjoying a peaceful, secluded atmosphere.
The apartment also benefits from an allocated parking space, with additional visitor parking available.
The location is one of Torquay's most sought-after, lying just a short distance from Meadfoot Beach, Torquay Marina and the harbourside, where a wide selection of shops, cafés and waterfront restaurants can be found.
Torquay seafront, the Princess Theatre and The Little Theatre are also within easy reach, making this an appealing home for those seeking refined coastal living close to town amenities.
Council Tax Band: D (Torbay Council) Tenure: Leasehold (174 years) Service Charge: £1,260 per year The property benefits from a 199-year lease commencing from 1st January 2001.
The annual service charge is £1,260, which includes the ground rent. Pets are permitted, and letting is allowed.
Broadband options available at the property include: * Standard broadband (14Mbps download, 1Mbps upload) * Superfast broadband (32Mbps download, 6Mbps upload) * Ultrafast broadband (1800Mbps download, 220Mbps upload) - Networks in the area: Virgin Media, Openreach
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 advisers 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
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FAQ
About Flat 4, Meadfoot Grange, Torquay
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