An ideal investment opportunity to acquire a freehold building consisting of three self-contained flats, offering a projected combined rental income of approximately £2,500 per calendar month.

Located close to Chelston shops and a range of local amenities, this well-positioned property appeals to both long-term tenants and short-let investors alike.

Property Overview:

Two x Studio Flats - well-suited to professionals or short-term tenants

One x Two-Bedroom Flat - perfect for couples or small families

All flats are fully self-contained and occupy a spacious, well-maintained building

Key Features:

Freehold title included

Total projected rent: £30,000 per annum

Walking distance to shops, schools, bus routes, and parks

Potential to increase yields or add value over time

Ideal for landlords expanding their portfolio

This property is perfect for those looking to generate strong rental returns in one of Torquay's most popular residential areas.

Council Tax Band: A
Tenure: Freehold
Parking options: Driveway

Rooms

Leasehold Information
Each flat has a 999 year lease from 2018 Service charge 1/4 of costs required

Flat 1

Communal Area
Carpet flooring; stairs to First Floor and door to Ground Floor.

Living room
Open-plan Lounge/kitchen/Bedroom: Double-glazed windows to the side and rear aspect; Electric heater; carpet flooring; matching wall and base level units with roll-finish work surfaces over; built-in oven and hob with cooker-hood over; stainless-steel circular sink with drainer; space for fridge/freezer and washing machine; part-tiled walls. Doors to shower room and private rear porch.

Shower Room
3-piece suite which comprises: Low level WC; Shower cubicle; Wall-mounted wash-hand-basin; Heated towel-rail; Extractor fan; part-tiled walls.

Porch
Via Door from the Open-plan Living/Kitchen/Bedroom to Porch. Carpet flooring; double-glazed door to a private courtyard.

Outside
Courtyard: The Courtyard is laid to shingle and only accessed by the reach porch door.

Flat 2

Entrance foyer
Carpeted stairs and flooring to the First Floor flat.

Hall
Picture rails; electric heater; telephone point; double-glazed window to the rear aspect. Doors to Bathroom; Kitchen; Living Room; Two Bedrooms; and a large storage cupboard which houses the water cylinder.

Bathroom
A 3-piece suite comprising: panel-enclosed bath; pedestal wash-hand-basin; low-level WC; storage cupboard with shelving; part-tiled walls; laminate flooring; heated towel-rail; Dimplex electric heater; extractor fan; double-glazed obscured window.

Kitchen
Base-level units with roll-top work surfaces; part-tiled walls; double-glazed window to the side aspect; inset stainless-steel sink and drainer with mixer tap; appliance space cooker, Fridge/freezer and washing machine

Living room
A dual-aspect room with two double-glazed windows - one to the front aspect and one to the side aspect. Feature fire-place (not currently in working-order); Electric heater; wall lights; picture rail; carpet flooring; power points.

Bedroom 1
Double-glazed window to rear aspect; picture rail; power points; carpet flooring and electric heater.

Bedroom 2
Dual-aspect room with double-glazed windows to the rear and side aspects. Carpet flooring; picture rail; carpet flooring; electric heater and built-in storage cupboard.

Access
Access via a double-glazed door to the side aspect.

Kitchen/Diner/Lounge
Two double-glazed windows - one to the front and one to the side aspect. Vinyl flooring; electric heater; power points; telephone point; built-in storage cupboard with shelving. Double-glazed door to the side aspect giving access to the property. Door to Lounge/bedroom. The Kitchenette has matching wall and base level units with roll-top work surfaces; stainless-steel sink and drainer with mixer tap; appliance space for fridge/freezer and cooker.

Lounge/Bedroom
Double-glazed window to the front aspect. Carpet flooring; power points; built-in wardrobe; electric heater. Door to en-suite shower room.

En-suite
A three-piece-suite comprising: shower cubicle; low-level WC; pedestal wash-hand-basin; tiled walls; extractor fan.

Pegg Estates was founded by our Director Ben in order to promote a new bespoke service to home movers in Torbay. Having worked in Agency from 2006, Ben has a wealth of experience in pricing and selling homes in the area, whilst excelling in customer service. Having gained extensive knowledge of the local area whilst working for Connells, haart and Your Move, he has developed a great reputation and brand name for himself. A local Estate Agency with a big personality, we combine traditional methods with new innovative technologies to provide you with an exceptional level of service at real value. Here at Pegg Estates we understand how overwhelming it can all be, so we’re here to ensure you are receiving the right support and advice at the time you need it, to give you full peace of mind that you are dealing with a reputable and professional company.

4 bedroom block of apartments for sale

Key information

Features and description

Rooms

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