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4 bedroom block of apartments for sale
Walnut Lane, Torquay
£250,000
 
 
     
    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
    Electricity supply: Mains
    Heating: Electric
    Water supply: Mains
    Sewerage: Mains
    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.
    Reference: RS4123
    Council Tax Band: A
     4 3 4
    An excellent opportunity to purchase a freehold building comprising three well-presented flats, ideally located close to Chelston shops and local amenities.
    This versatile investment offers a combined projected rental income of approximately £2,500 per calendar month, making it a fantastic buy.

    Features

    • Close to Amenities
    • Double Glazing
    • NO CHAIN
    • Close To Chelston Shops
    • Multiple apartments in block
    • Off Road Parking
    • Estimated income of £2500pcm

    Arrange a Viewing

    To arrange a viewing for this property, please call us on 01803 308000, or complete the form below:

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