Torquay
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Substantial Buy-to-Let in Semi-Detached Victorian Villa
- Recently Undergone Renovation and Compliance Improvements
- Arranged as Six Two-Bedroom Flats Across Three Floors
- Projected Market Rental Income Exceeding £64,000 Per Annum
- Parking for Four Cars & Potential Development Plot in Rear Garden (STP)
Description
Positioned in the prestigious Wellswood area of Torquay, 450 Babbacombe Road enjoys close proximity to Meadfoot Beach, Ilsham Valley, and the popular Wellswood shopping area. This is a well desired and sought after area for residential tenants and owner occupiers. It is well located on the main road travelling down to Torquay Harbourside and is well connected on local bus routes. This semi-detached Victorian villa has been converted into six two-bedroom apartments, arranged as two flats per level across the basement, ground, and first floors. The property occupies a spacious plot featuring a generous rear garden and a tarmac driveway with parking for four vehicles. One of the top floor flats has recently been refurbished to a high standard and is now vacant, ready for immediate letting. The other five flats are let to long-standing tenants and are currently undergoing staged refurbishments including new kitchens, bathrooms, carpets, and full redecoration. Significant compliance upgrades have recently been completed, including the installation of a fire alarm system, updated fire risk assessments, EICRs, and gas safety certifications. The rear garden includes a section that was prepared for development with foundations laid—offering potential for a building plot subject to planning consent. The property offers a rare opportunity to acquire a well-established residential investment with potential market rental returns in excess of £64,000 per annum. Buyers may also consider future title-splitting for individual flat resale and financing against.
ACCOMMODATION
Arranged as six two-bedroom flats across basement, ground and first floors. The basement flats are accessed via an external door. The ground and first floor flats are accessed via a communal hallway with access from the front of the building.
Externally, the property benefits from tarmacked parking for 4 vehicles. To the rear of the property is a garden area. A section of this has had some previous groundworks carried out in preparation for potential development.
TENURE
Freehold. Five flats are currently let on Assured Shorthold Tenancies. One flat will be sold with vacant possession.
RENT SCHEDULE
BASEMENT
Flat 1 - £450pcm.
Flat 2 - £450pcm.
GROUND FLOOR
Flat 1 - £660pcm.
Flat 2 - £585pcm.
FIRST FLOOR
Flat 1 - £650pcm.
Flat 2 – Currently Vacant.
MARKET RENTS
The vender has taken third party advice from local professionals as to the market rent of the current vacant flat and tenanted flats.
We therefore understand that the property let at market rents should gross in excess of £64,000 per annum.
SALE PRICE
An asking price of £695,000.
PLANNING
Planning was previously approved on the property for the creation of 4x 2-bedroom flats and 2x 1-bedroom flats (basement flats). The client is obtaining a certificate of lawfulness to confirm the 2x 1-bedroom flats are in fact 2 bed flats.
LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
COUNCIL TAX
Each flat is band B for council tax.
EPC RATING'S
Flats 1–5: Rating C.
Flat 6: Awaited.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Brochures
Property BrochureFull Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 12701548. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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