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Block of flats for sale

£225,000 Offers in region of

Upton Road, Torquay TQ1

Interested in this property? Call 01803 268015 * or

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Property features

  • Excellent rental investment
  • Three bedroom, 2 reception maisonette & one bedroom flat
  • Maisonette arranged as A five letting room property
  • Completely refurbished one bedroom flat with parking
  • Properties on one freehold title with separate utilities
  • Electric heating & mostly double glazed
  • Produces £17,060 per annum with 1 X single room vacant
  • Potential for A gross yield of 8.43%

Property description

An excellent opportunity to acquire a mid terraced house, arranged over three floors to provide a ground and first floor three bedroom maisonette on Upton Road and a completely refurbished one bedroom ground floor flat on Magdalene Road. Previously licensed as a House In Multiple Occupation but now not required, in this very central position, close to Torquay town centre, local shops at Torre and good local bus service. The maisonette offers spacious but basic letting rooms with shared kitchen and bathroom facilities which is mostly let and only one single room vacant. The flat is being finished so vacant, but would rent very well. Once fully let, the property produces £1580.00 per calendar month or £18,960 per annum which is A gross yield of 8.43%. Great Buy to Let investment with good return.

The accommodation with approximate measurements:


Hallway


Communal hallway leading to two ground floor letting rooms, bath/WC and kitchen, stairs to first floor.

Ground floor room 4
14ft 2in x 13ft 7in Double glazed window, electric fire, pedestal wash hand basin, power points.

Ground floor room 5
13ft 0in x 10ft 8in Single glazed window, electric fire, pedestal wash hand basin, power points.


Bathroom/WC


Panelled bath, vanity wash hand basin, low level WC, double glazed window.


Kitchen


Fitted wall and floor units with work surfaces, stainless steel sink unit with mixer taps, electric cooker, fridge/freezer, fridge, freezer, microwave, table top oven with two ring electric hob, power points, double glazed window.


Stairs to first floor landing


Airing cupboard housing hot water cylinder.

First floor room 2
14ft 2in x 13ft 7in Double glazed window, pedestal wash hand basin, power points.

First floor room 1
13ft 4in x 11ft 3in Double glazed window, pedestal wash hand basin, power points.

First floor room 3
10ft 1in x 7ft 7in Double glazed window, wash hand basin, power points.


Shower room/WC


Enclosed shower cubicle with power shower, low level WC, extractor fan.


Self contained flat


Completely refurbished ground floor flat with access from Magdalene Road, double glazed entrance door into lounge, arch to spacious kitchen/diner, double bedroom, shower room/WC, electric heating, and private off road parking for two cars.

Price Offers Around £225,000 Freehold.

Property info

Market activity
Average price paid £205,887 Sales 603 Current average value £237,930 (Zoopla Zed-Index) Value change £11,349 ▲ 5.01%

Property value data/graphs for TQ1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £505,639 £275 3.9 £424,354
Semi-detached £265,649 £220 3.5 £248,645
Terraced £188,114 £211 3.1 £179,280
Flats £165,942 £237 1.9 £154,471

Current asking prices in TQ1

Average: £265,102
Avg. current asking prices in TQ1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £135,000
(8)
£180,200
(36)
£304,386
(69)
£425,016
(60)
£526,457
(23)
Flats £108,699
(79)
£188,593
(130)
£266,006
(36)
- -
All £111,117
(87)
£186,773
(166)
£291,227
(105)
£425,016
(60)
£526,457
(23)

Current asking rents in TQ1

Average: £582 pcm
Avg. current asking prices in TQ1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £467 pcm
(4)
£659 pcm
(6)
£844 pcm
(8)
£1,148 pcm
(1)
-
Flats £490 pcm
(51)
£613 pcm
(47)
£759 pcm
(8)
£1,200 pcm
(1)
-
All £488 pcm
(55)
£618 pcm
(53)
£802 pcm
(16)
£1,174 pcm
(2)
-

Fun facts for TQ1

Highest value in TQ1
Highest value streets Zed-Index
Thatcher Avenue £957,350
Lydwell Road £775,530
Watcombe Heights Road £775,512
Whidborne Avenue £679,155
Park Hill Road £641,083
Highest turnover in TQ1
Highest turnover streets Turnover
Danby Heights Close 69.2%
Chilcote Close 57.1%
Palatine Close 57.1%
Stanley Road 53.7%
Sutherland Road 46.7%

What Zoopla users think of Torquay

Overall rating:

  • currently 3.5 stars
Good - 73% (208 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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  • 1
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  • 5
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  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Torre (0.4 miles)
  • Torquay (0.8 miles)
  • Paignton (2.8 miles)
  • Exeter International Airport (18.9 miles)
  • Cardiff Airport (64.5 miles)
  • Bristol Airport (72.4 miles)
  • Torquay - North Quay (1.0 mile)
  • Torquay Harbour Boarding Pontoon (1.1 miles)
  • Shaldon Teignmouth Ferry Landing (5.0 miles)

Nearby schools

View all schools in Torbay
  • Upton St James CofE Primary School (0.2 miles)
  • Torre Church of England Academy (0.4 miles)
  • Cockington Primary School (0.5 miles)
  • EF Academy Torbay (0.5 miles)
  • Eat That Frog C.I.C. (0.5 miles)
  • Huntercombe Hospital School Watcombe (1.8 miles)
  • Torquay Academy (0.6 miles)
  • The Spires College (0.7 miles)
  • Torquay Girls Grammar School (0.8 miles)
Note: Distances are straight line measurements

Local info for Torbay

About the neighbours in TQ1

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

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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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