3 bed terraced house for sale

Warren Road, Torquay, Devon TQ2

Freehold Block of 3 Self-Contained Flats – Warren Road, Torquay TQ2 5TQ – High-Yield Investment- Property includes a passageway and parking adjacent to the property.

A highly attractive high-yield buy-to-let opportunity, this freehold block of three self-contained flats is offered at an extremely competitive level on Warren Road, Torquay, TQ2 5TQ, a proven and in-demand rental location.

The accommodation comprises:
• Two self-contained two-bedroom flats
• One self-contained one-bedroom flat
• Five bedrooms in total
The property includes a passageway and parking adjacent to the property.

Two flats are currently tenant occupied, producing immediate income.
Current rental income:
• Flat 2: £550/month
• Flat 3: £450/month

Estimated Rental Income
Based on current local market demand:
• Two-bedroom flats: £800–£900 pcm each
• One-bedroom flat: £700–£750 pcm
Estimated total monthly income: Approx. £2,350–£2,550 pcm
Estimated total annual income: Approx. £28,200–£30,600 per annum
Gross Yield (at £200,000 purchase price)
• Approx. 14.1% – 15.3% gross yield
(Figures are indicative and for guidance only. Buyers should undertake their own due diligence.)

Key Investment Highlights

• Freehold block of 3 self-contained flats- all D rated EPCs
• 2 × two-bedroom units + 1 × one-bedroom unit
• 5 bedrooms total
• Exceptional double-digit gross yield
• Strong tenant demand area
• Scope to refurbish and further enhance returns
• Ideal for buy-to-let investors, cash buyers, developers & portfolio landlords

Location
Warren Road benefits from close proximity to Torbay Hospital, transport links, local shops and Torquay town centre, making it consistently popular with professionals, key workers and long-term tenants. The TQ2 postcode remains one of the strongest-performing rental areas in Torbay.

Investment Summary
A rare opportunity to acquire a multi-unit freehold investment offering immediate income, and excellent gross yields rarely seen at this price point.