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2 bed flat for sale

£225,000

Warren Road, Torquay TQ2

2 2 1
Interested in this property? Call 01803 268015 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Superb two bedroom, 2 bath marine apartment
  • Very spacious accommodation in very good condition
  • Stunning open panoramic sea & harbour views
  • Modern kitchen with fitted white goods
  • Modern family bathroom/WC & en-suite shower/WC
  • Gas central heating, double glazing & neutral decor
  • Private covered balcony & well kept communal gardens
  • 991 year lease - share of freehold – sensible service charge

Property description

A very spacious 2 bedroom, 2 bathroom ground floor marine apartment with small private covered balcony and open panoramic sea and harbour views, offered for sale with modern neutral accommodation presented in good condition. This apartment was recently let and produced £795 pcm but vacant possession is now offered. This apartment would make a stunning home, impressive holiday home or even Buy to Let investment with the possibility of earning a gross rental yield of as much as circa 8.12%. Sold with vacant possession, viewing is highly recommended.

The accommodation with approximate measurements:


Split-level hall


Built in storage cupboard, radiator, power points.


Lounge


22ft 8in x 17ft 5in maximum measurements, white UPVC double glazed sash windows, radiator, TV aerial point, telephone point, power points, arch to dining area.


Dining area


One step up from the lounge and into a bright area suitable for dining table and chairs, white UPVC double glazed sash windows with open panoramic sea and harbour views.


Kitchen


10ft 11in x 7ft 11in Range of modern white wood effect wall and floor units, light wood effect work surfaces, one and a half bowl stainless steel sink unit with mixer taps, built in brushed steel effect electric oven and four ring gas hob, brushed steel effect extractor hood, plumbed for washing machine, space for fridge/freezer, white UPVC double glazed door onto small private covered balcony, white coloured tiling around work surfaces, inset spot lighting, laminate effect vinyl flooring, power points.

Bedroom 1
17ft 0in x 10ft 6in White UPVC double glazed sash window, radiator, power points.


En-suite shower room/WC


Modern suite comprising shower cubicle with electric shower, pedestal wash hand basin, low level WC, extractor fan, shaver point, beige mottled effect vinyl flooring.

Bedroom 2
13ft 6in x 6ft 0in White UPVC double glazed sash window, built in cupboard housing combination boiler, radiator, power points.


Family bathroom/WC


Modern white suite comprising paneled bath, pedestal wash hand basin, low level WC, heated towel rail, shaver point, extractor fan, beige mottled effect vinyl flooring.

Council tax band band D Believed to be £1564.31 per annum for 2016/17


Lease


999 year lease from 1st January 2008 therefore 991 years unexpired.


Service charge


The current annual service charge is £712.50 to include buildings insurance and maintenance. This is set to increase to circa £846 per annum in order to implement a sinking fund for the block.


Freehold


Each apartment will have a 1/12th share of the freehold.


Holiday use


There are no restrictions on holiday letting. The flats are ideal for holiday rental and are situated in a location well known for marine apartments for holiday lets. A recent enquiry with a major holiday flat rental company has shown that this flat would easily gain lets for circa 25 weeks of the year and produce in the region of £13,500 per annum in rental income. A winter let on an Assured Shorthold tenancy would produce a further income in the region of £4,770 per annum. A total rental income in the region of £18,270 per annum would be possible offering a gross rental yield of circa 8.12%.

Price £225,000 Leasehold.


Property info

Market activity
Average price paid £209,811 Sales 500 Current average value £230,495 (Zoopla Zed-Index) Value change £2,428 ▲ 1.06%

Property value data/graphs for TQ2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £352,403 £231 3.6 £308,160
Semi-detached £222,594 £215 3.2 £203,976
Terraced £175,182 £193 3.0 £165,767
Flats £170,613 £247 1.9 £151,824

Current asking prices in TQ2

Average: £282,533
Avg. current asking prices in TQ2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £101,983
(3)
£188,516
(29)
£251,934
(71)
£338,171
(42)
£490,765
(13)
Flats £82,265
(13)
£153,519
(60)
£331,044
(18)
£227,500
(2)
-
All £85,962
(16)
£164,922
(89)
£267,934
(89)
£333,141
(44)
£490,765
(13)

Current asking rents in TQ2

Average: £619 pcm
Avg. current asking prices in TQ2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £314 pcm
(2)
£647 pcm
(4)
£795 pcm
(12)
£1,300 pcm
(2)
-
Flats £527 pcm
(30)
£661 pcm
(17)
£650 pcm
(1)
£1,824 pcm
(1)
-
All £514 pcm
(32)
£659 pcm
(21)
£784 pcm
(13)
£1,475 pcm
(3)
-

Fun facts for TQ2

Highest value in TQ2
Highest value streets Zed-Index
Hennapyn Road £647,251
Mead Road £578,188
Monterey Close £542,845
Manscombe Road £524,549
Stoneleigh Drive £519,925
Highest turnover in TQ2
Highest turnover streets Turnover
Puffin Close 54.5%
Mallard Close 53.8%
Cornacre Road 50.0%
Lime Avenue 44.4%
Pengelly Way 44.0%

What Zoopla users think of Torquay

Overall rating:

  • currently 3.5 stars
Good - 73% (206 ratings)

Ratings breakdown:

  • currently stars
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Nearby transport

  • Torquay (0.6 miles)
  • Torre (1.0 mile)
  • Paignton (2.4 miles)
  • Exeter International Airport (19.5 miles)
  • Cardiff Airport (65.1 miles)
  • Bristol Airport (72.8 miles)
  • Torquay - North Quay (0.3 miles)
  • Torquay Harbour Boarding Pontoon (0.4 miles)
  • Brixham Harbour Boarding Stage (4.6 miles)

Nearby schools

View all schools in Torbay
  • Cockington Primary School (0.7 miles)
  • Cockington Community Primary School (0.7 miles)
  • Ellacombe School (0.7 miles)
  • EF Academy Torbay (0.4 miles)
  • South Devon College (4.2 miles)
  • South Devon UTC (5.9 miles)
  • The Spires College (0.9 miles)
  • Torquay Community College (1.3 miles)
  • Torquay Academy (1.3 miles)
Note: Distances are straight line measurements

Local info for Torbay

About the neighbours in TQ2

AskMe Q&A for Torbay

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For more information about this property, please contact
Haarer & Motts, TQ1 on 01803 268015 * (local rate)

Monthly running costs Beta

£950 Monthly total
Mortgage
Purchase price
Deposit (10%) 22,500
Repayment term 25
Interest rate 0.5
Your payment £718 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £15/mo (£175/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £24 Electricity £36 Estimated energy cost £60/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7500 kWh/year
Electricity: 2600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Torbay

Estimated tax band A Council tax cost £101 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £22 Sewerage £34 Estimated water cost £56 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Haarer & Motts, and do not constitute property particulars. Please contact Haarer & Motts for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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