1-bedroom house · TQ3 2TZ
For saleListed 72 days
Opportunity summary
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About
Description Situated in a popular residential area, very close to Oldway Mansion and gardens, with a variety of local amenities and shops close by, including a regular bus service with access to Paignton, Brixham, Torquay and Newton Abbot.
There is a local Sainsburys just down the road from the property, amongst other shopping facilities further along into Preston, with a doctors surgery and sub post office.
This first floor Retirement Apartment is now offered for sale with no onward chain and offers a comfortable home with all the facilities on offer at Pegasus Court.
There are a number of communal areas, including a Lounge, Library, Laundry Rooms and the Observatory/Sun Room on the top floor enjoying sea views over towards Torquay.
There are also Restaurant facilities on site for certain days of the week.
The accommodation of the flat briefly comprises an entrance hallway, lounge/dining room with door into the kitchen, one double bedroom with fitted wardrobes and a shower room/W.C.
The property offers electric heating and PVCu double glazing and has an emergency pull cord system.
Council Tax Band: D (Torbay Council) Tenure: Leasehold (114 years) Service Charge: Entrance Security entrance with stairs and lift to first floor. Door to Flat 8.
Entrance Hall Electric wall heater, power points, two large built-in storage cupboards with shelving, one housing the immersion cylinder and the other housing the electric consumer unit and electric meter to wall.
Emergency pull cord system.
Doors to Lounge/Dining Room Two PVCu double glazed tilt’n’ turn windows, night storage heater, electric fire inset to fire surround, space for dining table and chairs, emergency pull cord.
Door to Kitchen Wall and base fitted kitchen units, space for tall fridge/freezer, extractor fan to ceiling, integrated four ring ceramic hob with extractor above and single oven, inset one and a half bowl sink to work surfaces, space for under counter appliance, plinth heater, power points.
Double Bedroom Tilt’n’turn PVCu double glazed window, night storage heater, power points, spacious room with fitted wardrobes and further recess with space for wardrobe, emergency pull cord.
Shower Room/W.C.
One step up into large corner shower enclosure with glass sliding door and electric shower over, pedestal wash hand basin, low level flush W.C, electric towel heater, medicine cabinet to wall, extractor fan to ceiling, emergency pull cord system, electric heater to wall.
Parking There is residents parking for each side of the block, on a first come first served basis.
Tenure - Leasehold Length of Lease - 150 Years lease from 1990 Maintenance Charge - £4,306.12 per annum to include Buildings Insurance, cost of administrator and accommodation, general maintenance, cleaning, heating and general maintenance of communal areas, external decor, gardening, lift maintenance.
Ground Rent £0 Management Company - First Port No assured shorthold tenancies No holiday Letting Existing pets only allowed with permission Minimum age is 55 years old Guest Suite (2019 - £15 per night single, £20 double) tbc There is an Emergency Pull Cord system in place which will alert the manager.
When the duty manager is not on site it will be diverted to Careline. There is a communal lounge, library, two communal laundry rooms, restaurant facilities, roof observatory/sun lounge.
Council Tax Band: D (Torbay Council)
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 Flat 8, Pegasus Court, Paignton
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