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See how verdicts work2-bedroom semi-detached house · TQ2 7SY
Sold STCListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 2 Bedroom Semi Detached Coach House being offered with No Chain on the popular Willows Development. The property is modern throughout and offers a garage and allocated parking.
The property is being offered on an 100% or 50% Shared Ownership basis.
About this property This Modern Semi Detached Coach House is being offered with no and being offered on a 100% or 50% shared Ownership basis. The 50% Share is an Asking Price of £90,000.
It is located in the popular area of The Willows.
Reception Hallway with stairs leading to Lounge with patio doors and Juliette balcony and further window overlooking the rear garden, Open access to the modern Kitchen with range of wall and base units, space for appliances and storage cupboard.
There are Two Bedrooms and Modern Bathroom. Outside the property has a small garden area with outside bin store. There is also a garage and parking space.
Eligibility You can apply to buy the home by shared ownership if both of the following apply: • your household income is £80,000 or less • you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs One of the following must also be true: • you're a first-time buyer • you used to own a home but cannot afford to buy one now • you're forming a new household - for example, after a relationship breakdown • you're an existing shared owner, and you want to move • you own a home and want to move but cannot afford to buy a new home for your needs If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Material Information What3words: ///factoring.doped.pimples Tenure: Leasehold, 125 year Lease from 1 April 2017 Property is being offered to purchase 100% or 50% on a Shared Ownership Basis Maintenance costs: Service Charge £75.38 per month, If you buy a 50% share, the rent will be £258.67 a month.
Council Tax: Band C with Torbay Borough Council Mains: Electric, Gas, Water and Drainage Heating: Gas Central Heating Parking: One garage and one parking space
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 Tricorn Close, Torquay, Devon
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