2-bedroom flat · TQ1 2AW
Let agreedReduced £50 (−3.8%) on 15 SepListed 64 days · slow let
Opportunity summary
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About
Tenure: Leasehold Thatcher View is a superb collection of contemporary retirement apartments contained within the stunning grounds of the prestigious Lincombe Manor Retirement Village.
The development provides a concept of living not seen within Torbay, designed to provide a relaxed, tranquil and hotel like ambience for the over 60's.
This development provides a completely independent living or an optional level of care tailored to individual needs.
The main manor house is a stunning grade II listed centrepiece for the development offering superb high quality facilities that mimics relaxed holiday style living.
This superbly appointed two bedroom ground floor retirement apartment has accommodation briefly comprising, a spacious reception hallway, open plan living area with a modern fitted kitchen with integrated appliances, two double bedrooms with the master bedroom having en suite shower room/WC and a enclosed sun terrace, to encompass the stunning sea views.
There is also a further bathroom/wc. The apartment benefits from double glazing and under floor heating, as well as allocated parking for 1 car.
Council Tax Band - F EPC Rating - B Notes/Criteria Criteria: No Smokers / No Sharers / Some pets may not be allowed Notes: In order to qualify for a tenancy without a guarantor the total annual income required between the tenants is a minimum of 36 times the monthly rent.
If a guarantor is required the calculation is 42 times the monthly rent and they will need to be a UK homeowner.
The 1st month's rent will need to be paid in advance and to reserve the property 1 week's rent is payable as a holding deposit, this is will go towards the full deposit should referencing be satisfactory.
The holding deposit will not be refundable should you fail your referencing or pull out from renting the property. Referencing forms must be completed within 7 days of paying the holding deposit.
The full deposit is equivalent to 5 weeks' rent.
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 3 Thatcher View Middle Lincombe Road, Torquay
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