2 Bed Flat, Planning Permission, Torquay, TQ1 1UR, £198,000

Torquay, TQ1 1UR - 1 views - 23 days ago

Leasehold
Planning
ROI: 7%
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£62K - £355K
Sold Prices/m²£1.3K/m² - £182K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£167,570

 

 

End Value (After Refurb)

£144,212

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,500

Stamp Duty & Legal Fees

£12,560

Refurb Costs

£27,612

Bridging Loan Interest

£5,198

Total Cash In

£96,619

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,212

Mortgage (After Refinance)

£108,159

Mortgage LTV

75%

Cash Left In

£96,619

Equity

£36,053

Rent Range

£750 - £3,600

Rent Estimate

£1,279

Running Costs/mo

£726

Cashflow/mo

£553

Cashflow/yr

£6,630

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £62K to £355K, average is £181.5K. £1.3K/m² to £182K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£188K02/210.05 miFlat 10, Hillsborough, Hillesdon Road, Torquay, Torbay TQ1 1QF2
£195K06/230.13 miFlat 8, Bramhope, Lower Warberry Road, Torquay, Torbay TQ1 1QT2
£127K04/230.14 miFlat 4, The Old Print Works, Braddons Hill Road West, Torquay, Torbay TQ1 1BA2
£180K06/210.15 miFlat 13, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£72K12/200.16 miFlat 38, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£70K10/200.16 miFlat 46, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£70K11/200.16 miFlat 30, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£75K07/210.16 miFlat 36, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£62K09/210.16 miFlat 15, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£80K10/230.17 miFlat 17, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£86K10/230.17 miFlat 30, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£68K08/230.17 miFlat 12, Tor Haven, Abbey Road, Torquay, Torbay TQ2 5NB2
£290K05/230.17 miFlat 29, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£300K02/230.17 miFlat 34, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£210K02/230.17 miFlat 27, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£225K06/230.17 miFlat 38, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£280K06/230.17 miFlat 19, Ellesmere, Lower Warberry Road, Torquay, Torbay TQ1 1TR2
£120K11/220.17 mi2a, Coburg Place, Torquay, Torbay TQ2 5SU2
£155K04/230.21 mi57a, Rock Road, Torquay, Torbay TQ2 5SR2
£195K11/230.25 miFlat 26, Kingsdale Court, St Lukes Road North, Torquay, Torbay TQ2 5YG2
£192.5K04/210.25 miFlat 8, Kingsdale Court, St Lukes Road North, Torquay, Torbay TQ2 5YG2
£123K02/210.26 mi19, Warberry Road West, Torquay, Torbay TQ1 1NT2
£180K09/230.28 miKenwood, Higher Warberry Road, Torquay, Torbay TQ1 1RY2
£249.9K11/230.28 miFlat 10, Waldon Court, St Lukes Road South, Torquay, Torbay TQ2 5PB2
£210K07/210.28 miFlat 19, Waldon Court, St Lukes Road South, Torquay, Torbay TQ2 5PB2
£215K09/210.31 miFlat 19, Lytton House, St Lukes Road South, Torquay, Torbay TQ2 5PA2
£249K03/230.31 miFlat 21, Lytton House, St Lukes Road South, Torquay, Torbay TQ2 5PA2
£218K06/210.31 miFlat 20, Lytton House, St Lukes Road South, Torquay, Torbay TQ2 5PA2
£285K02/240.31 miLytton House, Flat 29, St Lukes Road South, Torquay, Torbay TQ2 5PA2
£285K11/200.32 miApartment 17, The Bay, Cary Road, Torquay, Torbay TQ2 5DR2
£165K03/230.35 mi63, Princes Road, Torquay, Torbay TQ1 1NW2
£215K11/220.36 miFlat 6, Ellington Court, St Lukes Road South, Torquay, Torbay TQ2 5NZ2
£165K10/200.36 miFlat 9, Torwood Court, Old Torwood Road, Torquay, Torbay TQ1 1PT2
£355K11/230.36 miEllington Court, Flat 5, St Lukes Road South, Torquay, Torbay TQ2 5NZ2
£125K06/230.37 mi127, Grange Road, Torquay, Torbay TQ1 1LE2
£124K05/230.37 mi117, Grange Road, Torquay, Torbay TQ1 1LE2
£143K03/230.37 mi125, Grange Road, Torquay, Torbay TQ1 1LE2
£181K12/200.39 miFlat 8, Vernon Court, Warren Road, Torquay, Torbay TQ2 5TR2
£252K09/210.39 miFlat 3, Torwood Gardens Court, Torwood Gardens Road, Torquay, Torbay TQ1 1EQ2
£177K01/210.39 miFlat 1, Greenwood, Torwood Gardens Road, Torquay, Torbay TQ1 1EQ2
£174.6K01/210.39 miFlat 1, Kilburn Hall, Torwood Gardens Road, Torquay, Torbay TQ1 1EQ2
£300K05/210.41 miFlat 2, Lisburn, Lower Warberry Road, Torquay, Torbay TQ1 1QS2
£130K10/210.41 miFlat 1, Century House, Lower Ellacombe Church Road, Torquay, Torbay TQ1 1JH2
£215K03/230.41 miFlat 7, Torwood Court, Old Torwood Road, Torquay, Torbay TQ1 1PT2
£172.5K08/230.42 miFlat 9, Rosemont, Lower Woodfield Road, Torquay, Torbay TQ1 2JY2
£182K08/230.42 miFlat 1, Dunmar House, Lower Woodfield Road, Torquay, Torbay TQ1 2JY2
£340K06/230.42 miFlat 10, Rosemont, Lower Woodfield Road, Torquay, Torbay TQ1 2JY2
£202.5K02/230.45 miFlat 10, Collaton House, Old Torwood Road, Torquay, Torbay TQ1 1PP2
£235K03/210.46 miFlat 11, Royal Marina Court, Beacon Terrace, Torquay, Torbay TQ1 2BJ2
£90K02/210.48 miFlat 11, Maxstoke Court, Middle Warberry Road, Torquay, Torbay TQ1 1RP2

Local Rents

51 rents from £750/mo to £3.6K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,10002/240.11 mi-2
£1,12501/250.11 mi-2
£77509/240.13 miUpper Braddons Hill Road, Braddons Tor Upper Braddons Hill Road, TQ12
£1,20003/250.13 mi-2
£1,15009/240.14 mi-2
£95009/240.17 miUnion Street, TQ22
£85009/240.17 miUnion Street, TQ22
£85009/240.17 miUnion Street, TQ22
£85009/240.19 miMelville Street, TORQUAY2
£1,15009/240.21 miThe Terrace, Torquay, TQ12
£80004/250.21 mi-2
£80012/240.24 mi-2
£90002/250.25 mi-2
£90003/250.25 mi-2
£90009/240.25 mi-2
£99502/240.25 mi-2
£75001/250.26 mi-2
£90002/250.26 mi-2
£89509/240.27 miUnion Street, TQ12
£1,40003/250.28 mi-2
£1,40003/250.28 mi-2
£1,51710/240.28 mi-2
£3,60002/240.28 mi-2
£2,79502/240.28 mi-2
£3,60009/240.28 mi-2
£2,79509/240.28 mi-2
£3,60011/240.28 mi-2
£1,50001/250.29 mi-2
£1,10009/240.3 miPark Hill Road, TORQUAY2
£89502/250.31 mi-2
£85001/250.31 mi-2
£1,25003/250.31 mi-2
£91501/250.32 mi-2
£2,40009/240.32 miVictoria Parade, Torquay, Devon, TQ12
£1,43501/250.34 mi-2
£1,43504/250.34 mi-2
£1,10010/240.35 mi-2
£94509/240.36 mi-2
£99509/240.36 mi-2
£1,29510/240.36 mi-2
£95009/240.37 miCastle Road, TORQUAY2
£85009/240.38 miMeadfoot lane, Torquay, devon2
£85009/240.39 miGable Park, Lower Ellacombe Church Road, Torquay2
£95009/240.4 mi-2
£95010/240.4 mi-2
£85009/240.41 miWellington Road, Torquay, Devon2
£94904/250.41 mi-2
£99509/240.42 mi-2
£1,00004/250.42 mi-2
£1,04911/240.43 mi-2
£1,10004/250.43 mi-2

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

1.21 miles away

Nearest school

0.40 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £198,000

March 25, 2025

Floor Plans

Description

  • SEA VIEWS +
  • IMMACULATE PRESENTATION +
  • BALCONY +
  • MODERN KITCHEN +
  • MODERN BATHROOM +
  • GARAGE +

Taylors are now offering the superb chain free two bedroom apartment located in a tucked away position and enjoying the most delightful sea views across the Bay to Paignton and Brixham. The development stands within substantial grounds which are well maintained and provide various areas to sit out. The apartment is immaculately presented in “ready to move in to“ condition. There is a bright sunny lounge which enjoys the sea views and has glazed double doors leading to a contemporary kitchen with a full range of integrated appliances. There are two double bedrooms with built-in wardrobes plus a well appointed bathroom fitted with a modern suite. There is ample communal parking within the grounds plus there is also a private garage for this apartment. Book now to view this beautiful apartment! Communal Entrance Access via security intercom. Stairs to 1st floor. Front door to apartment. Hallway A good sized reception hallway with built-in coats/storage cupboard and separate linen cupboard. Intercom to main entrance door. Radiator.  Lounge A bright room offering fabulous sea views across the grounds of Hyfield out to both Paignton and Brixham. There are double glazed patio doors leading to a SUN BALCONY which also enjoys the sea views and is ideal for summer evening drinks. Double glazed window. TV point. Glass double doors to : Kitchen A superbly appointed kitchen fitted with a range of Howden’s white high gloss wall and base units with “quartz” countertops. There is a range of integrated appliances including an induction hob, oven/grill, washing machine, dishwasher, fridge/freezer and microwave. Stainless steel sink unit. Concealed cooker hood. Glowworm gas boiler. Double aspect double glazed windows. Part tiled walls. Range of contemporary sockets and switches. Bedroom One - 3.5m x 2.9m (11'5" x 9'6") A double bedroom having a built-in mirror fronted wardrobe. Double glazed window. Radiator.  Bedroom Two - 3.1m x 2.4m (10'2" x 7'10") Another double room with built-in mirror fronted wardrobes and double glazed window with outlook across Torquay. Radiator. Bathroom A well appointed bathroom fitted with a modern white suite comprising bath with mains shower fitment over with oversized shower head and body spray. Vanity unit with integrated wash hand basin and close WC with concealed cistern. Toiletry unit with cabinets and mirror front. Ladder radiator. Tiling to the walls and floor. Double glazed window. Outside There are large communal gardens which are lawned and have a variety of mature inset trees and shrubs, bulbs and plants.
Communal swimming pool which is for use by all the residents and their guests.  Parking Communal/visitor parking. Garage - 6.1m x 2.5m (20'0" x 8'2") A private garage with metal up and over door, power and lighting. Raised storage shelf.  Verified Material Information
Council tax band: C
Tenure: Leasehold
Lease length: 999 years remaining (972 years from 1998)
Ground rent: £1 pa
Service charge: £1800 pa
Property type: Flat
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Central heating
Heating features: Double glazing
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 - Great, Vodafone - Great, Three - Good, EE - Great
Parking: Communal
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: D
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert. AGENTS NOTES These details are meant as a guide only. Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc. Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale. Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed. We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.

Agent Details

Taylors (Torbay) Ltd, Torquay

01803 201904

Next Steps?

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