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
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
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Pegg Estates - Torquay. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pegg Estates - Torquay for full details and further information.