2-bedroom flat · TQ1 2ES
For saleReduced £25k (−11.1%) on 23 FebListed 404 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A superior 2 bedroom ground floor apartment within a Grade 2 listed Villa with added bonus of a large double garage and private garden with separate access allowing access for muddy paws and deliveries.
Villa Borghese dates from the mid 19th century and is well located in the Lidcombe’s conservation area overlooking Torquay Town.
The apartment has in recent years been tenanted and is now being sold by the Trustees with no chain and early viewing is highly recommended.
Accommodation Please see attached floorplan which provides the layout and room sizes.
As you enter the site, the apartment’s entrance door and the garden entrance are off the courtyard to the right of the main entrance, through a pillared gateway.
The large double garage 5.6m x 4.9m is adjacent with an up and over access door of 3.6m x 1.9m to the right and we understand that there is parking for one vehicle to the front of it.
Lease We understand that the Lease is held on a 999 year lease from 26th March 1969, subject to the payment of an annual ground rent of one peppercorn, and service charge.
Details of the service charges have been requested from the managing agents so please contact us for more information Council Tax Band – C EPC – D Material Information We act on behalf of estate trustees who have no access to information that a resident vendor may have, although we will assist in providing any additional information where we can.
Legal Costs Each party to be responsible for their own legal costs incurred. VAT All prices quoted are exclusive of VAT where chargeable.
Viewing Strictly by prior appointment contact :- Nick Wheeldon MRICS Tel: Mob: Email:
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.
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