1-bedroom house · TQ2 5LU
For saleReduced £10k (−10%) on 9 JunListed 330 days
Opportunity summary
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About
SUMMARY A well-presented ground floor one-bedroom retirement flat in the popular Homequay House on Falkland Road, Torquay.
Offering level access, a private patio, communal gardens and parking, this property provides comfortable, low-maintenance living close to local amenities and the seafront.
DESCRIPTION Located in the popular Homequay House development on Falkland Road, this one-bedroom ground floor retirement flat offers comfortable and secure living for residents aged 60 and over.
Conveniently positioned close to local shops, bus routes and Torquay seafront, the property provides an ideal blend of independence and community.
The flat features a bright lounge with direct access to a private patio, perfect for outdoor seating and enjoying the surrounding greenery.
The kitchen is practical and well laid out, while the double bedroom offers built-in storage and a peaceful outlook. A fitted shower room completes the accommodation.
Residents benefit from well-maintained communal gardens and communal parking available on a first-come, first-served basis.
Homequay House also provides shared facilities typical of a retirement development, including a residents' lounge, laundry room and guest suite (subject to availability).
This is an excellent opportunity for those seeking a welcoming, low-maintenance home in a respected retirement community, with level access and the added advantage of its own private outdoor space.
Lounge/Dining Room 17' 5" x 9' 6" ( 5.31m x 2.90m ) Carpet flooring, wall and base units, electric heater, windo and sliding doors.
Kitchen 8' 6" x 5' 5" ( 2.59m x 1.65m ) Wall and base units, sink and drainer, linoleum flooring, window and space for appliances.
Bedroom 14' 3" x 8' 9" + built in wardrobe ( 4.34m x 2.67m + built in wardrobe ) Built in storage cupboards, electric heater, carpet flooring and window.
Shower Room Shower enclosure, WC and wash hand basin. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 Falkland Road, Torquay
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