£425,000
Est. Mortgage £2,127 per month*
Studio flat for sale
15 Brent Road, Paignton TQ3
studio Flat Property description
Investment Opportunity - Residential Block of Flats with Additional Garages. Rental Income of £36,000 Per Annum (When Fully Let).
Brent Court is conveniently situated in Paignton, a popular seaside town in South Devon and forming part of Torbay, loving referred to as the English Riviera. The property is located in a quiet residential area at the end of a cul-de-sac. It is close to a range of local shops, healthcare facilities and public transport links, making it an attractive location for residents. Paignton town centre, with its array of amenities, train station and seafront, is only a short distance away, and the area is well-connected to Torquay, Brixham and the wider South Devon region via major road networks and public transport options. Brent Court is a well-positioned residential investment comprising 4x self-contained flats and a block of 4x garages. The flats were purpose built in 1998, with separate living room, kitchen, bathroom and bedroom. They have an approximate gross internal area of 36m². All the flats are a mirror image and have been maintained to a good standard over the years. All of the flats are currently tenanted. Three of the flats are occupied by long-term tenants of at least seven years. The flats are let to over 55s only, which has resulted in a quiet, stable, and low-maintenance investment property. Two of the garages are currently let to the flat tenants, with two further garages empty and ready to let. These could be included within the rentals of the flats to increase value or let separately for higher rental return. The property benefits from a gated entrance and a cul-de-sac location, giving it a private and exclusive feel. There is onsite parking for at least two cars.
INVESTMENT POTENTIAL
The potential to increase revenue from the vacant garages and remaining flat, makes this an attractive investment opportunity. With a gross yield of approximately 8.47% (when fully let), Brent Court offers strong returns for investors seeking a secure residential asset in South Devon.
UTILITIES
Each flat is connected to electric, mains water and drainage. The flats are each independently metered for utilities.
TENURE
Available freehold, subject to the residential ASTs.
PRICE
£425,000.
COUNCIL TAX
Each flat has a council tax of band A. Tenants are responsible for their own council tax.
EPC RATING
Flat 1: E.Flat 2: D.Flat 3: E.Flat 4: E.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Council Tax Band: A
Tenure: Freehold
Brent Court is conveniently situated in Paignton, a popular seaside town in South Devon and forming part of Torbay, loving referred to as the English Riviera. The property is located in a quiet residential area at the end of a cul-de-sac. It is close to a range of local shops, healthcare facilities and public transport links, making it an attractive location for residents. Paignton town centre, with its array of amenities, train station and seafront, is only a short distance away, and the area is well-connected to Torquay, Brixham and the wider South Devon region via major road networks and public transport options. Brent Court is a well-positioned residential investment comprising 4x self-contained flats and a block of 4x garages. The flats were purpose built in 1998, with separate living room, kitchen, bathroom and bedroom. They have an approximate gross internal area of 36m². All the flats are a mirror image and have been maintained to a good standard over the years. All of the flats are currently tenanted. Three of the flats are occupied by long-term tenants of at least seven years. The flats are let to over 55s only, which has resulted in a quiet, stable, and low-maintenance investment property. Two of the garages are currently let to the flat tenants, with two further garages empty and ready to let. These could be included within the rentals of the flats to increase value or let separately for higher rental return. The property benefits from a gated entrance and a cul-de-sac location, giving it a private and exclusive feel. There is onsite parking for at least two cars.
INVESTMENT POTENTIAL
The potential to increase revenue from the vacant garages and remaining flat, makes this an attractive investment opportunity. With a gross yield of approximately 8.47% (when fully let), Brent Court offers strong returns for investors seeking a secure residential asset in South Devon.
UTILITIES
Each flat is connected to electric, mains water and drainage. The flats are each independently metered for utilities.
TENURE
Available freehold, subject to the residential ASTs.
PRICE
£425,000.
COUNCIL TAX
Each flat has a council tax of band A. Tenants are responsible for their own council tax.
EPC RATING
Flat 1: E.Flat 2: D.Flat 3: E.Flat 4: E.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Council Tax Band: A
Tenure: Freehold
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First listed
Over a month agoEnergy Performance Certificate
15 Brent Road, Paignton TQ3
Marketed by
Bettesworths - Commercial 29 - 30 Fleet Street Torquay, Devon TQ1 1BBCall agent on 01803 268852
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Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
15 Brent Road, Paignton TQ3 - Streetview
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