2-bedroom flat · TQ2 5NB
For saleReduced £6k (−7.1%) on 1 OctListed 502 days
Opportunity summary
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About
Description This well presented 2 bedroom apartment is located in a popular retirement development known as Tor Haven.
It is located in the heart of Torquay Town Centre within walking distance to all local amenities. The development is for over 60's and benefits from a secure communal entrance and house manager.
On entering the hallway leads though to the living area which has ample space for both lounge and dining room furniture. From here is access to the kitchen that has space for all appliances.
There are two double bedrooms along with the bathroom.
Council Tax Band: C (Torbay Council) Tenure: Share of Freehold (88 years) Service Charge: £2,807.71 per year To The Front Communal security entrance. Lift to 4th floor. Hallway Night storage heater.
Loft access. Lounge/Diner (3.92m x 4.91m) Double glazed window to the front. Night storage heater. Television point. Kitchen (2.64m x 1.87m) A range of wall and base units with work surfaces over.
Sink and drainer. Space for a freestanding cooker. Space for an under counter fridge/freezer. Part tiled. Double glazed window to the front.
Bedroom 1 (4.53m x 2.74m) Double glazed window to the front. Wall mounted electric heater. Built in wardrobe. Double bedroom. Bedroom 2 (3.49m x 3.56m) Double glazed window to the front.
Wall mounted electric heater. Double bedroom. Bathroom (2.23m x 1.87m) A three piece suite comprising bath with shower over, low level WC, wash hand basin. Part tiled. Extractor fan.
Please Note *** Draft details and subject to change ***
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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About Flat 39, Tor Haven, Torquay
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