2 Bed Flat, Refurb/BRRR, Torquay, TQ2 5YE, £140,000

Waldon Point, St. Lukes Road South, Torquay, TQ2 5YE - 3 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 9%
~68 m²
+8 photos

ValuationFair Value











Investment Opportunity



































Property History

Listed for £140,000

August 29, 2024

Floor Plans

Description

  • Chain-Free Spacious Second-Floor Apartment +
  • Secure Allocated Parking Space in Lower Garage +
  • Stunning Sea Views from Main Rooms +
  • Covered Balcony with Glass Balustrade +
  • Convenient Lift Access to All Floors +
  • Heating & Hot Water Included in Service Charge +
  • Short Walk to Torquay Seafront & Harbour +

Located on the second floor of Waldon Point's higher building, this CHAIN-FREE and spacious apartment offers convenient lift access to all floors and includes secure PARKING SPACE in the lower car park. The property comprises two double bedrooms, both boasting stunning sea views. It also comprises a kitchen, a bathroom, and a generous sitting/dining room that opens onto a covered balcony - also enjoying spectacular sea views. While the apartment would benefit from some modernisation, it presents an excellent opportunity for a first-time buyer, downsizer, or retiree, enhanced by the inclusion of heating and hot water within the service charges.

Waldon Point is a well-regarded residential complex consisting of 51 apartments across two blocks, surrounded by meticulously maintained communal grounds. Residents enjoy access to a variety of communal facilities, including a bookable meeting room (with a nominal fee), a laundry room equipped with pay-per-use washers and dryers, and a secure store room for additional storage needs.

Waldon Point is situated in an elevated position just a short distance from Torquay seafront. Waldon Point offers stunning views of the sea and harbour, extending across Torbay towards Paignton and Brixham. Local bus services are available nearby, and Torquay Train Station is only a short walk away. The vibrant seafront promenade offers a variety of dining options, including a cocktail bar and the Princess Theatre, while Torquay harbour is within easy reach, providing a range of shopping, dining, and leisure amenities.

Council Tax Band: B (Torbay Council)
Tenure: Share of Freehold (958 years)
Ground Rent: £15 per year
Service Charge: £2,533.7 per year
There are 999 years remaining on the lease as of 25 December 1983. As part of the service charge, building insurance, heating and hot water are included. The building is managed by Crown Property Management.

Agent Details

Daniel Hobbin Estate Agents, Torquay

01803 221996

Next Steps?

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