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See how verdicts work2-bedroom flat · TQ1 2PX
For saleReduced £10k (−6.7%) on 10 JulListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a residential road in Wellswood is this two bedroom ground floor apartment which is part of a Victorian Conversion.
The property can be entered via its own private entrance or conveniently through the patio doors from the parking area via a private terrace.
From there is a spacious Lounge which is Semi open plan with the Kitchen.
About This Property The substantial hallway offers a versatile extra reception space, which would be ideal as a dining area or home office.
There is a good sized double bedroom overlooking the communal gardens and a small second bedroom, along with the bathroom which completes the accommodation.
The apartment would be an ideal first time buy, offering space to grow into.
Outside as well as the private patio are well maintained lawned communal gardens and the property also benefits from an allocated parking space.
Material Information What3words: ///prep.logic.them Tenure: Leasehold, 999 Years from 24/06/1989 with 1/6 Share of Freehold Maintenance Charges: £1,656 per annum Council Tax: Band A with Torbay Borough Council Mains: Gas, electric, water and drainage Heating: Gas central heating Parking: Allocated parking space Rights and Restrictions: Call office Metalliferous Mine Search Required.
This does not mean there is definitely a mining threat to your property; however, MineScanner® has identified a threat somewhere within a 2000m radius & that a Mining Search report is needed to discount or clarify any further risks
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
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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 Flat 1, The Briary,, Lower Erith Road, Torquay
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