3 Bed Flat, Single Let, Torquay, TQ2 8JE, £110,000

South Parks Road, Torquay, TQ2 8JE - 5 views - a year ago

Sold STC

Leasehold

BTL

ROI: 19%

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£89K - £485K
Sold Prices/m²	£1.4K/m² - £3.6K/m²

Square Metres	~93 m²
Price/m²	£1.2K/m²
Value Estimate	£136,400£136,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£850 - £1,600£850 - £1,600
Rent Estimate	£1,075
Running Costs/mo	£579£579
Cashflow/mo	£496£496
Cashflow/yr	£5,955£5,955
ROI	19%19%
Gross Yield	12%12%

Local Sold Prices

20 sold prices from £89K to £485K, average is £209K. £1.4K/m² to £3.6K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	10/23	0.11 mi	109a, Barton Hill Road, Torquay, Torbay TQ2 8JA	£2,417	60	3	Flat
£94K	11/20	0.25 mi	First Floor Flat, 171, Lichfield Avenue, Torquay, Torbay TQ2 8AL	-	-	3	Flat
£89K	10/20	0.3 mi	221, Lichfield Avenue, Torquay, Torbay TQ2 8AJ	£1,369	65	3	Flat
£165K	11/20	0.5 mi	41, Audley Avenue, Torquay, Torbay TQ2 7PB	£1,919	86	3	Flat
£160K	09/21	0.83 mi	Flat 1, Sutton Heights, Sutton Close, Torquay, Torbay TQ2 8LL	-	-	3	Flat
£345K	10/20	1.03 mi	Westgate, 61a, Petitor Road, Torquay, Torbay TQ1 4QF	-	-	3	Flat
£226K	09/21	1.13 mi	52a, Thurlow Road, Torquay, Torbay TQ1 3EG	-	-	3	Flat
£191K	11/21	1.22 mi	Flat 8, Rathlin, Palermo Road, Torquay, Torbay TQ1 3NW	-	-	3	Flat
£245K	05/23	1.22 mi	Flat 8, Rathlin, Palermo Road, Torquay, Torbay TQ1 3NW	-	-	3	Flat
£287K	05/21	1.23 mi	Upper Horsley, Aveland Road, Torquay, Torbay TQ1 3PT	-	-	3	Flat
£298K	06/23	1.68 mi	Flat 6, Cumberland House, Warren Road, Torquay, Torbay TQ2 5TU	-	-	3	Flat
£227.5K	05/21	1.71 mi	Upper Kismet, Greenway Road, Chelston, Torquay, Torbay TQ2 6JE	£2,655	86	3	Flat
£192K	05/24	1.84 mi	Springhill, Top Floor Flat, Solsbro Road, Torquay, Torbay TQ2 6PF	-	-	3	Flat
£485K	12/20	1.87 mi	Apartment B7, Masts, Warren Road, Torquay, Torbay TQ2 5SW	-	-	3	Flat
£305K	07/21	2.23 mi	Flat 5, Woodfield Court, Higher Woodfield Road, Torquay, Torbay TQ1 2LD	-	-	3	Flat
£165K	04/21	2.4 mi	32a, Roundhill Road, Torquay, Torbay TQ2 6TH	£2,200	75	3	Flat
£300K	03/21	2.51 mi	Flat 22, Meadwood, St Marks Road, Torquay, Torbay TQ1 2EH	-	-	3	Flat
£165K	11/22	2.86 mi	10a, Headland Park Road, Paignton, Torbay TQ3 2EJ	£1,701	97	3	Flat
£157.5K	02/21	2.87 mi	Upper Flat, 32, Headland Park Road, Paignton, Torbay TQ3 2EJ	-	-	3	Flat
£275K	05/21	2.94 mi	17, Swanborough Road, Newton Abbot, Devon TQ12 4JL	£3,599	76	3	Flat

Local Rents

26 rents from £850/mo to £1.6K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£962	11/24	0.29 mi	-	3	Terraced House
£1,350	02/25	0.36 mi	-	3	Detached House
£1,495	04/25	0.41 mi	-	3	Semi-Detached House
£1,295	03/25	0.44 mi	-	3	Semi-Detached House
£1,100	04/25	0.5 mi	-	3	Terraced House
£1,300	09/24	0.59 mi	Higher Audley Avenue, Torquay,	3	Terraced House
£850	11/24	0.61 mi	-	3	Terraced House
£1,100	09/24	0.63 mi	Sutherland Drive, Torquay, TQ2	3	Detached House
£1,100	02/24	0.66 mi	-	3	Semi-Detached House
£1,250	09/24	0.8 mi	Froude Avenue, Torquay, Devon	3	Flat
£1,495	11/24	0.8 mi	-	3	Flat
£1,600	02/25	0.8 mi	-	3	Flat
£1,495	03/25	0.8 mi	-	3	Flat
£1,200	12/24	0.86 mi	-	3	Semi-Detached House
£1,300	09/24	0.86 mi	Petitor Road, Torquay	3	Flat
£1,500	01/25	0.9 mi	-	3	Flat
£1,600	03/25	0.9 mi	-	3	Flat
£1,500	09/24	0.92 mi	Shiphay, Torquay	3	Detached House
£1,400	09/24	0.96 mi	Forest Road, Torquay	3	Terraced House
£1,500	09/24	1.06 mi	Trinity House, Torquay, Devon, TQ1	3	Flat
£1,050	09/24	1.15 mi	Guestland Road, Torquay	3	Flat
£1,600	09/24	1.16 mi	St Albans Road, Babbacombe, Torquay	3	Flat
£1,200	11/24	1.17 mi	-	3	Semi-Detached House
£1,200	03/25	1.17 mi	-	3	Semi-Detached House
£1,400	09/24	1.22 mi	Thurlow Road, Torquay	3	Detached House
£1,250	11/24	1.23 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TQ2	34,08834,088
Population in Torquay	65,31965,319
Town centre distance	0.78 miles away0.78 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.08 miles away1.08 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+30%+30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £110,000

May 31, 2024

Floor Plans

Description

Chain Free +
Close to Amenities +
Close to Schools and Transport Links +
Convenient Location +
Gas Central Heating & Double Glazing +
Ideal First Time Buy Or Investment +
Top Floor Apartment +
Far Reaching View +

As you step inside, you'll be greeted by generously proportioned rooms, beginning with a bright and airy living room with balcony-the perfect space for relaxation and entertaining guests. Adjacent, the well-appointed kitchen provides ample room for culinary endeavors, ensuring both practicality and functionality.

The apartment features two spacious double bedrooms, offering ample space for rest and relaxation, as well as a comfortable single bedroom-perfect for guests or as a home office. A stylish bathroom completes the living quarters, providing convenience and comfort for residents.

Notably, the property benefits from double glazing and gas central heating, ensuring year-round comfort and energy efficiency. With the added bonus of no onward chain, this apartment offers a hassle-free buying experience for prospective owners.

Ideally situated close to amenities, transport links, and schools, this apartment offers the perfect blend of convenience and lifestyle. Whether you're looking to step onto the property ladder or expand your investment portfolio, don't miss out on the opportunity to make this your new home in Barton, Torquay.

Council Tax Band: A
Tenure: Leasehold