4-bedroom property · TQ2 6JF
Listing removedReduced £30k (−12%) on 20 JunListed 428 days
Opportunity summary
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About
Description An ideal investment opportunity to acquire a freehold building consisting of three self-contained flats, offering a projected combined rental income of approximately £2,500 per calendar month.
Located close to Chelston shops and a range of local amenities, this well-positioned property appeals to both long-term tenants and short-let investors alike.
Property Overview: Two x Studio Flats - well-suited to professionals or short-term tenants One x Two-Bedroom Flat - perfect for couples or small families All flats are fully self-contained and occupy a spacious, well-maintained building Key Features: Freehold title included Total projected rent: £30,000 per annum Walking distance to shops, schools, bus routes, and parks Potential to increase yields or add value over time Ideal for landlords expanding their portfolio This property is perfect for those looking to generate strong rental returns in one of Torquay's most popular residential areas.
Council Tax Band: A Tenure: Freehold Leasehold Information Each flat has a 999 year lease from 2018 Service charge 1/4 of costs required Flat 1 Communal Area Carpet flooring; stairs to First Floor and door to Ground Floor.
Living Room Open-plan Lounge/kitchen/Bedroom: Double-glazed windows to the side and rear aspect; Electric heater; carpet flooring; matching wall and base level units with roll-finish work surfaces over; built-in oven and hob with cooker-hood over; stainless-steel circular sink with drainer; space for fridge/freezer and washing machine; part-tiled walls.
Doors to shower room and private rear porch. Shower Room 3-piece suite which comprises: Low level WC; Shower cubicle; Wall-mounted wash-hand-basin; Heated towel-rail; Extractor fan; part-tiled walls.
Porch Via Door from the Open-plan Living/Kitchen/Bedroom to Porch. Carpet flooring; double-glazed door to a private courtyard.
Outside Courtyard: The Courtyard is laid to shingle and only accessed by the reach porch door. Flat 2 Entrance Foyer Carpeted stairs and flooring to the First Floor flat.
Hall Picture rails; electric heater; telephone point; double-glazed window to the rear aspect.
Doors to Bathroom; Kitchen; Living Room; Two Bedrooms; and a large storage cupboard which houses the water cylinder.
Bathroom A 3-piece suite comprising: Panel-enclosed bath; pedestal wash-hand-basin; low-level WC; storage cupboard with shelving; part-tiled walls; laminate flooring; heated towel-rail; Dimplex electric heater; extractor fan; double-glazed obscured window.
Kitchen Base-level units with roll-top work surfaces; part-tiled walls; double-glazed window to the side aspect; inset stainless-steel sink and drainer with mixer tap; appliance space cooker, Fridge/freezer and washing machine Living Room A dual-aspect room with two double-glazed windows - one to the front aspect and one to the side aspect.
Feature fire-place (not currently in working-order); Electric heater; wall lights; picture rail; carpet flooring; power points.
Bedroom 1 Double-glazed window to rear aspect; picture rail; power points; carpet flooring and electric heater. Bedroom 2 Dual-aspect room with double-glazed windows to the rear and side aspects.
Carpet flooring; picture rail; carpet flooring; electric heater and built-in storage cupboard. Access Access via a double-glazed door to the side aspect.
Kitchen/Diner/Lounge Two double-glazed windows - one to the front and one to the side aspect. Vinyl flooring; electric heater; power points; telephone point; built-in storage cupboard with shelving.
Double-glazed door to the side aspect giving access to the property. Door to Lounge/bedroom.
The Kitchenette has matching wall and base level units with roll-top work surfaces; stainless-steel sink and drainer with mixer tap; appliance space for fridge/freezer and cooker.
Lounge/Bedroom Double-glazed window to the front aspect. Carpet flooring; power points; built-in wardrobe; electric heater. Door to en-suite shower room.
En-Suite A three-piece-suite comprising: Shower cubicle; low-level WC; pedestal wash-hand-basin; tiled walls; extractor fan.
Value & comps
No previous sales on record.
Returns
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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 13 Walnut Lane, Torquay
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