- Chain Free +
- Close to Torquay Seafront +
- Four Bedroom Home +
- Great Investement +
- Loosely Arranged As Three Apartments +
- Parking To Rear +
The chain free property comprises three independent residential units arranged as follows:
* Two self-contained two-bedroom flats
* One self-contained one-bedroom flat
* Five bedrooms in total
The building further benefits from an adjoining passageway and parking located adjacent to the property.
Current Tenancy Position
Two of the three flats are presently let, providing immediate rental income:
* Flat 2: £550 per calendar month
* Flat 3: £450 per calendar month
Projected Rental Income
Based on prevailing market conditions and comparable local rentals:
* Two-bedroom flats: £800-£900 pcm (each)
* One-bedroom flat: £700-£750 pcm
Estimated Gross Income:
* Monthly: approximately £2,350-£2,550
* Annual: approximately £28,200-£30,600
Gross Yield (based on £200,000 purchase price):
* Approximately 14.1% - 15.3%
All figures are provided for guidance only and interested parties are advised to conduct their own independent due diligence.
Key Investment Features
* Freehold block comprising three self-contained flats
* All units rated EPC D
* Strong unit mix: 2 × two-bedroom, 1 × one-bedroom
* Five bedrooms in total
* Attractive double-digit gross yield potential
* Established rental demand area
* Scope for refurbishment and rental growth
* Suitable for buy-to-let investors, portfolio landlords, developers and cash buyers
Council Tax Band: TBC
Tenure: Freehold