4-bedroom flat · TQ2 5TQ
Listing removedListed 286 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description The chain free property comprises three independent residential units arranged as follows: * Two self-contained two-bedroom flats * One self-contained one-bedroom flat * Five bedrooms in total The building further benefits from an adjoining passageway and parking located adjacent to the property.
Current Tenancy Position Two of the three flats are presently let, providing immediate rental income: * Flat 2: £550 per calendar month * Flat 3: £450 per calendar month Projected Rental Income Based on prevailing market conditions and comparable local rentals: * Two-bedroom flats: £800-£900 pcm (each) * One-bedroom flat: £700-£750 pcm Estimated Gross Income: * Monthly: Approximately £2,350-£2,550 * Annual: Approximately £28,200-£30,600 Gross Yield (based on £200,000 purchase price): * Approximately 14.1% - 15.3% All figures are provided for guidance only and interested parties are advised to conduct their own independent due diligence.
⸻ Key Investment Features * Freehold block comprising three self-contained flats * All units rated EPC D * Strong unit mix: 2 × two-bedroom, 1 × one-bedroom * Five bedrooms in total * Attractive double-digit gross yield potential * Established rental demand area * Scope for refurbishment and rental growth * Suitable for buy-to-let investors, portfolio landlords, developers and cash buyers Council Tax Band: Tbc Tenure: Freehold Flat 3 Entrance Vestibule Private entrance to the rear of the property, opening up to a small courtyard.
Hall Enter through the front door into the Hall. Vinyl flooring. Bathroom (7.00' x 7.33') Tiled floor.
Three piece suite comprising: Low-level WC; Pedestal wash-basin and a panel-enclosed bath with shower over. Double-glazed obscured window to the rear aspect.
Bedroom (11.25' x 9.50') Single bedroom with an obscured double glazed window to the rear aspect. Long single panel radiator. Vinyl flooring.
Kitchen (10.17' x 8.25') Large double-glazed window to the side of the property over-looking the Courtyard. A range of wall units and base units with work-surfaces over. Stainless steel sink/drainer.
Plumbing and space for a washing machine. Electric hob. Electric oven. Tiled floor. Wall-mounted radiator. Access through to the Living Room.
Living Room (12.0' x 9.5') Two uPVC double-glazed windows over-looking the private Courtyard. Wall-mounted radiator. Laminate flooring. Flat 1 Communal Entrance Via the Main Entrance.
The Communal Entrance hall has carpet flooring and has access to Flat 1 and Flat 2. Kitchen/Diner/Lounge (12.42' x 12.00') Carpet flooring throughout.
Large double-glazed uPVC window overlooking the front aspect. Large single radiator. Electric points. The Kitchen area comprises: A range of wall and floor units with work-surfaces over.
Electric points. Electric oven and hob. Bedroom (12.75' x 11.25') Large double-glazed uPVC window to the rear aspect with single wall-mounted radiator under. Electric points.
Cupboard housing the Glo-Worm Combi-boiler. Access to en-suite Shower Room. Ensuite Shower Room (6.25' x 5.00') Low-level WC. Shower cubicle. Ingle radiator. Tiled walls.
There is also a Wash-basin which will need to be wall-fitted and plumbed in.
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
Agent & docs
FAQ
About 23, Warren Road, Torquay
Explore nearby