2-bedroom flat · TQ1 1LF
Sold STCListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This TWO BEDROOM FIRST FLOOR FLAT is offered to the market with NO CHAIN.
The property offers spacious accommodation throughout with a Lounge with views over Torquay, separate Kitchen, two good sized Bedrooms and a Bathroom.
The property further benefits from allocated parking and a Garage. It would be an IDEAL INVESTMENT or FIRST TIME BUY.
Agents Note The property also benefits from a 1/6th Share of the Freehold Material Information What3words: ///splice.rival.deeply Tenure: Leasehold - 199 years from 29 September 1987 Maintenance Charges: £1,150pa Council Tax: Band B with Torbay Borough Council Mains: Mains Electric, Water and Drainage Heating: Night storage and electric heating Parking: Allocated space and Garage Rights and Restrictions: Call office Metalliferous Mine Search Required.
This does not mean there is definitely a mining threat to your property; however, MineScanner® has identified a threat somewhere within a 2000m radius & that a Mining Search report is needed to discount or clarify any further risks
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 Grange Road, Torquay, Devon
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