2-bedroom flat · TQ3 3TA
Listing removedListed 99 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fully refurbished two double bedroom top floor flat situated in a elevated position, newly fitted kitchen and shower room, new floor coverings, electric heating, double glazing, off road parking No Smokers Available Now Through double glazed sliding door into Kitchen 12' 4'' x 10' 5'' (3.76m x 3.17m) A light room with a double glazed to the side and rear, newly fitted kitchen with white gloss effect wall and base units with white marble effect worksurfaces and inset 1 1/2 bowl stainless steel sink drainer sink unit chrome effect mixer tap, ceramic hob with stainless steel hob extractor canopy over, integral electric oven, space for a fridge freezer, space and plumbing for a washing machine, extractor fan, electric radiator, door into Lounge/Diner 19' 4'' x 12' 6'' (5.89m x 3.81m) A large room with a double glazed window to the side and front enjoying an open aspect, new carpet, two electric radiators Inner hallway Doors to Bedroom 1 15' 8'' x 11' 11'' (4.77m x 3.63m) A good sized double room with a double glazed window to the front, new carpet, electric radiator Bedroom 2 10' 0'' x 9' 4'' (3.05m x 2.84m) A double room with a double glazed window to the rear, new carpet, built in cupboard, electric radiator Shower Room Obscure double glazed window to the rear, newly fitted white suite comprising of a pedestal washbasin, walk-in shower cubicle and a low level W.C., airing cupboard housing the hot water cylinder, extractor fan, electric heater Outside To the front there is off road parking, steps rise to a small garden area with a paved path.
Directions Holding Deposit £200.00 Charges Holding Deposit - One week's rent. This is to reserve a property.
Please Note: This will be withheld if any relevant person (including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit - Five weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent - Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent.
Please Note: This will not be levied until the rent is more than 14 days in arrears. Lost Key(s) - Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement...
Other Information Deposit Protection Provided by - Tenancy Deposit Scheme Client Money Protection Provided by - RICS Redress Scheme Provided by - The Property Ombudsman Property Information Council Tax - Band - B EPC (Energy Performance Certificate) - C 69 Services Mains electric Mains water and sewerage Local Authority - Torbay Council
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
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