2-bedroom flat · TQ1 2NE
For saleReduced £10k (−4%) on 1 OctListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £250,000 - £260,000 Nestled in a peaceful location on the prestigious Lincombes hillside lies Greville Cottage, a spacious ground floor apartment forming part of an impressive converted Victorian Villa.
The property benefits from a private entrance, generous living space, garage and use of attractive communal gardens with sun terrace from where views across the surrounding area to the sea beyond are enjoyed.
The property has retained its character features and been lovingly restored with an elegant traditional style while offering modern facilities in the delightful kitchen breakfast room and both bathrooms in the apartment.
The property also offers plenty of built-in storage along with a good sized walk-in wardrobe room just off the master bedroom and also has the benefit of a single garage and off road parking.
Torquay’s bustling harbour and town centre lie at the base of the hill whilst the local amenities at Wellswood are also within easy reach where a parade of shops, restaurants and village pub can be found.
Entrance Porch Double glazed entrance door. Original victorian floor tiles. Alarm system panel. Glazed doorway leading to Dining Hall. Dining Hall Two display alcoves. Built-in cupboard with shelves.
Dado rail. Built-in bookshelves. Double doors to Bedroom one and Walk-in wardrobe area. Two wall mounted radiators with covers. Wall lights.
Kitchen/Breakfast Room (18' 10'' x 8' 5'' (5.74m x 2.56m)) Double glazed window to front. Modern high gloss wall and base units fitted with worktop over.
Cupboard with shelving housing gas fired boiler. Inset one and half bowl sink with drainer mixer tap. Integrated dishwasher. Integrated washer/dryer. Space for fridge freezer. Eye level double oven.
Gas hob. Tiled floor. Wall mounted radiator. Sitting Room (19' 11'' x 10' 1'' (6.07m x 3.07m)) Two double glazed windows to front. Dado rail. Wall lights. Wall mounted radiator.
Bedroom One (16' 10'' x 8' 8'' (5.13m x 2.64m)) Double glazed bay window to front. Dado rail. Wall mounted radiator with cover.
Walk-In Wardrobe (5' 7'' x 4' 3'' (1.70m x 1.29m)) Shelving and hanging rails with light and power. Bathroom Two double glazed obscure windows to rear. Part panelled part tiled walls.
Panelled bath with shower attachment and mixer tap. Vanity unit with wash hand basin. Low level WC. Wall mounted radiator. Tiled flooring. Loft access.
Bedroom Two (14' 3'' x 8' 9'' (4.34m x 2.66m)) Double glazed window to front. Dado rail. Wall lights. Wall mounted radiator. Built-in wardrobe. Door to En-Suite. En-Suite Underfloor heating.
Fully tiled. Shower cubical with mains fed shower fitted. Vanity unit with wash hand basin. Low level WC. Chrome ladder radiator. Extractor fan.
Outside The property has a communal courtyard leading to the entrance. A pedestrian gate leading to the garage and to the attractive communal gardens with sea views. Bin storage area.
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 NEW Greville Cottage, Middle Lincombe Road, Torquay
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