1-bedroom flat · TQ1 2RJ
For saleReduced £3k (−3.3%) on 13 OctListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the sought after area of Wellswood and is being offered to the market with no chain.
The Retirement apartment has been modernised to a lovely standard and is within walking distance of local shops and amenities.
This spacious and well maintained over 60's retirement apartment is being offered to the market with no chain and sits in the sought after area of Wellswood.
The apartment benefits from a house manager, well maintained gardens and a lock up storage unit. Security entry system with stairs and lift to the apartment.
Reception Hallway with storage cupboards and modern glass and wood doors to the Lounge with window to front and archway leading into the modern kitchen with a comprehensive range of units and space for appliances.
Double bedroom with walk-in wardrobe and window overlooking the front of the property. The modern shower room comprises of a white suite.
Outside offers large communal gardens, bin store, The car park is at the front of the property and offers some parking.
Material Information What3words: ///squad.leave.locker Tenure: Leasehold 159 Years from 1 August 1987 Maintenance £4,101.70 per annum Ground Rent £43.75 per quarter Council Tax: Band B with Torbay Borough Council Mains: Electric, Water and Drainage Heating: Electric Parking: Residents Parking Rights and Restrictions: Call office
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
FAQ
About Flat 26, Glenside Court,, Higher Erith Road, Devon
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