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See how verdicts work1-bedroom flat · TQ1 3ND
For saleListed 547 days
Opportunity summary
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About
This spacious first floor one bedroom retirement apartment is offered to the market chain free and benefits from an extended lease.
Homecombe House is a popular development for the over 60s situated a stone’s throw from Babbacombe Downs which benefits from a house manager, residential lounge and laundry room and a guest room About This Property Located in the popular area of Babbacombe, this retirement apartment can be found on the first floor and offers views over the communal gardens from both the bedroom and living room.
The front door leads to the hallway with storage cupboard and doors to all rooms.
The living room is bright and spacious and leads to the kitchen with electric oven and hob and space for a full size fridge.
The shower room has a low bath with electric shower unit and grab handle, low level WC and hand wash basin.
The well-appointed bedroom benefits from a substantial amount of built-in wardrobes and has views over the communal gardens. The property is heated by night storage heaters.
Homecombe House is a popular retirement block located a stone's throw from Babbacombe Downs, which offers a number of shops, restaurants and pubs.
The block was built in 1984 and 62 one bedroom apartments, with a lift servicing all floors. It is close to all shops and amenities, with a gp surgery, post office and bus routes close by.
The property has a resident manager and all apartments have the Careline system installed.
There is a residents lounge where weekly social activities are held, guest rooms, a laundry room and communal gardens with seating.
There is also off road parking in a residents car park, which is on a 'first come, first serve' basis.
Material Information What3words: ///petal.ready.foods Tenure: Leasehold - 159 years from 1st September 1983 Council Tax: Band B with Torbay Borough Council Maintenance etc: Service charge £2,920.56pa, ground rent £441.62 pa Rights and Restrictions: Over 60s Mains: Mains electric, water and sewerage Heating: Night storage heaters Mining: Metalliferous Mine Search Required Parking: Communal Unallocated
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
Agent & docs
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FAQ
About 25 Homecombe House,, St Albans Road, Torquay
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