2-bedroom flat · TQ8 8JD
For saleReduced £45k (−9.1%) on 4 SepListed 411 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the beautiful tree-lined Herbert Road, 3 Penn Torr is one of 8 luxury apartments built in 2004 offering spacious living accommodation throughout and benefiting from an abundance of natural light.
The property comprises entrance hall with porch where there is room for shoes, coats and sandy feet.
From here you will find an open plan kitchen/dining/living room with integrated appliances, a great space for socialising with sliding doors leading out onto the south facing garden which is wall enclosed with terrace and lawned area, with a gate out to the driveway.
Further accommodation includes two double bedrooms, the main bedroom with an en-suite shower room and sliding doors out to the south facing garden.
There is also spacious family bathroom, a utility cupboard with space for washing machine and further storage cupboard in the hall area.
Outside there are is lovely front garden, south facing and beautifully maintained, with terrace area immediately outside the two sets of sliding doors from the accommodation, a lawned area, mature shrubs and a gate onto the driveway.
The apartment also has an allocated parking space in the parking area to the rear of the building. The local shop is a short walk away and the centre of the town and all its amenities is not far.
The Berry which is only a couple minutes walk from the property is a great area for dog walking with a huge playing field, you will also find a children's playground.
This property would make a great bolt hole and lends itself perfectly as a lock up and leave. Please note that the apartment cannot be holiday let.
Directions On entering Salcombe from Kingsbridge continue past the first crossroads along Main Road.
Follow this road around the side of the hill, and at the next junction turn left into Devon Road, and immediately left again into St Dunstans Road.
Turn right at the top of the hill and continue along Herbert Road for 200 yards, Penn Torr will be found on the left hand side.
Viewing Strictly by appointment with Luscombe Maye, Salcombe material information To ensure legal compliance, we require our sellers to complete a Property Information Questionnaire or provide a Material Information Guide along with the title document.
If available, please scan the qr code or access the additional online material information (). Alternatively, you can contact our team for this information.
Council tax band: E Tenure: Leasehold Lease length: 979 years remaining (999 years from 2005) Service charge: £960 pa Lease restrictions: The property cannot be used for short-term holiday lets or Airbnb Property type: Flat Property construction: Standard form Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Mains water supply Sewerage: Mains Heating: Central heating Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 - Great, Vodafone - Good, Three - Good, EE - Good Parking: Allocated Building safety issues: No Restrictions - Listed Building: No Restrictions - Conservation Area: No Restrictions - Tree Preservation Orders: None Public right of way: No Long-term area flood risk: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: None Coal mining area: No Non-coal mining area: Yes Energy Performance rating: B All information is provided without warranty.
Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
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
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FAQ
About 3, Penn Torr,3, Herbert Road, Salcombe
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