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See how verdicts work5-bedroom terraced house · TQ2 6BG
Listing removedReduced £11k (−4.8%) on 9 JunListed 218 days
Opportunity summary
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About
This extremely versatile renovated property in the popular location of Chelston can be arranged as a 4 or 5-bed family home with 2 bathrooms, or as a 1-bedroom flat/annex on the ground floor with 3 bedroom maisonette on 1st & 2nd floors.
The ground floor was let until recently at £695pcm, or you could live in the flat and let the maisonette for £1400pcm.
Entering via the small front garden, the ground floor comprises a good sized lounge with bay window, opening to a modern fitted kitchen with a range of floor and wall cupboards, electric hob, built in oven, gas boiler, space and plumbing for a washing machine and double glazed window to the rear overlooking the green, a dining room/bedroom/study with double glazed door to the rear decked area and door to shower room with W/C, shower cubicle and wash hand basin.
On the first floor you have three good sized bedrooms and a bathroom.
The main bedroom is a spacious double with 2 double glazed windows overlooking the park, bedroom 2 is another good sized double with double glazed window overlooking the front and bedroom 3 has been enlarged to make this a generous single with double glazed window to the front.
The bathroom has also been refurbished & has a panelled bath with waterfall shower over, W/C and wash hand basin.
Another flight of stairs takes you up to a contemporary light and airy room with oak flooring.
Currently arranged as a lounge with fitted kitchen, 2 double glazed windows to the rear with elevated views over the park to woodland beyond, and a velux window to the front.
The kitchen comprises a lovely hardwood work surface, range of wall and base units, built in electric oven and sink/drainer unit. There is also air conditioning installed to this room.
This spacious room can also be used as a Master Bedroom. Tenure: Freehold | Council Tax Band: B | EPC: C | No water meter | Broadband: Very good | Vacant possession & no chain.
Key Feature 1 Spacious four/five bedroom property with open views Key Feature 2 Home & income opportunity Key Feature 3 Sought after location, near shops & schools Key Feature 4 Recently refurbished and reconfigured Key Feature 5 Fully gas centrally heated & double-glazed Key Feature 6 Vacant possession & no onward chain
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 Sherwell Lane, Torquay, Devon, TQ2
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