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See how verdicts work1-bedroom house · TQ3 2UB
For saleReduced £2.5k (−3.1%) on 27 OctListed 216 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular residential area, very close to Oldway Mansion and gardens, with a good amount 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 ground floor retirement apartment is now offered for sale with no onward chain, featuring a roomy feel with high ceilings, offering 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 flat is located at the rear of the building with the accommodation offering an entrance hallway with a large storage cupboard, lounge with door into the kitchen, with integrated oven and hob, one double bedroom and a shower room/w.c.
The property has its own external access from the lounge, with an outside seating area and access leading to the car park.
The flat also offers electric heating and PVCu double glazing and has an emergency pull cord system.
Outside, there is residents' parking at the rear of the building, but this is on a first come first served basis. An internal viewing is recommended.
Council Tax Band: D (Torbay Council) Tenure: Leasehold (150 years) Entrance Stairs and lift to all floors.
Door to Flat 39 Entrance Hallway Slimline electric heater, power points, emergency pull cord system, high ceilings, built-in storage cupboard with electric water heater and electric consumer units with meter and slatted shelving.
Doors to Lounge Two tilt and turn windows with access to a patio seating area, storage heater, emergency pull cord, power points.
Door to Kitchen High ceilings, turn and tilt window, power points, space for table and chairs.
range of wall and base fitted kitchen units with four ring electric hob and extractor over, integrated single oven and space for under counter fridge.
Bedroom High ceilings, tilt and turn window, power points, TV aerial point, night storage heater, built-in wardrobes with shelving and hanging space, emergency pull cord.
Shower Room/WC Electric towel heater, pedestal wash hand basin, close coupled W.C, large shower enclosure with glass sliding door and electric shower, extractor fan to ceiling, electric wall heater, high ceilings, emergency pull cord.
Outside Accessed from the lounge is an outside patio seating area leading to the car park.
Tenure - Leasehold The following information has been provided by the sellers of the property: Leasehold Original 150 year lease from 28th December 1990 Management Company: First Port Management Charges: £1,010.74 per quarter Ground Rent: currently £496.57 per annum, payable quarterly and subject to a 5 yearly RPI review, next due 1 January 2027.
Charges are to include Buildings Insurance, water rates, cost of administrator and accommodation, general maintenance, cleaning, heating and general maintenance of communal areas, external decor, gardening, lift maintenance.
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)
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
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FAQ
About Pegasus Court, Torquay Road, Preston
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