2-bedroom flat · TQ1 4UT
Let agreedReduced £30 (−2.9%) on 11 SepListed 139 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This fourth floor over 60s retirement apartment has views of the surrounding area.
The property offers a lounge with archway through to the fitted kitchen, two double bedrooms with fitted wardrobes and the bathroom has a large shower cubicle and benefit of a window.
Homepalms House offers all the benefits of retirement living including communal lounge where residents can take part in coffee mornings and other events, maintained communal gardens, a lift, guest suite and the security of the onsite manager, plus the 24 hour careline for out of hours emergencies.
Nearby is a selection of shops, eateries, post office, bakery and pubs.
Torquay's town centre amenities are just a short saunter with the harbourside and yacht marina beyond boasting a wealth of water sports, waterside restaurants, theatre and shopping.
Torquay's Train Station is also within sensible walking distance being just one stop from the main line Newton Abbot with direct links to most major cities.
*Please note, personal effects and electrical appliances may be removed prior to a tenancy commencing and will not form part of the tenancy.
Retirement Property Retirement property Reception 1 (4.19m x 3.40m) Lounge Kitchen (2.26m x 2.06m) Kitchen 2 Bedrooms (4.24m x 2.92m) Bedroom 1 2 Bedroom (3.56m x 2.51m) Bedroom 2 Bathroom (2.06m x 1.98m) Bathroom Hallway (2.95m x 1.60m) Hallway
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 33, Homepalms House, Brunswick Square, Torquay
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