5 Bedroom House For Sale, Bridge Road, Torquay - John Lake Estate Agents - Estate Agents Torquay
TQ2 5BA
£425,000
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Listed by
John Lake Estate Agents Torquay
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INVESTMENT OPPORTUNITY. This classic VICTORIAN RESIDENCE is arranged as FIVE SELF CONTAINED ONE BEDROOM FLATS set in a convenient location approximately half a mile from Torquay sea front. Owned by our client circa 33 years and currently generating circa £40,000 gross per annum fully let, the property presents an established investment as an ongoing concern, or owner occupier to live in part whilst generating some rental income. Alternatively, there is potential to revert or redesign the building to meet an individual buyer’s requirements.
Bridge Road is situated within close proximity to a host of amenities including Torquay’s picturesque sea front, Torre Abbey Sands, Torquay train station and the town centre. Both the English Riviera Centre and the TLH Leisure Resort are within a few minutes’ walk, together providing an array of dining and sporting facilities which feature the Aztec spa, swimming pools, tennis courts and indoor bowls. Griesdale offers a lifestyle as much as a character property.
Griesdale is a relatively easy block to run, and I have tried to keep on top of the general maintenance, with the exterior recently decorated. I am still working full time, but with one eye on retirement I am looking to simplify, and feel it is time to downsize my letting portfolio.”
UTILITIES & BILLS: Gas and water are factored into the rents and payable by the landlord (communal gas boiler located in the landlords cellar storage). Electric is currently coin operated meters in each flat, and tenants responsible for the own council tax with all flats being Band A (Torbay Council).
Results are for a repayment mortgage and provided as a guide only and do not constitute financial advice. Ensure you obtain an accurate quote from a mortgage lender.
Results are for individuals buying a freehold residential property in England & Northern Ireland and are provided as a guide only. Ensure you obtain an accurate quote from a solicitor or financial advisor.
Listing details scraped from www.johnlake.co.uk · refreshed daily · first seen 10 days ago
Floor plan
For this £425,000 listing
£2,363/mo
Mortgage + estimated bills
Mortgage
£1,938/mo
90% LTV · 30 yr · 4.5% fixed
Council tax (est.)
£165/mo
Band D — refines at door level
Energy + bills
£260/mo
Energy + broadband + water + insurance
Stamp Duty (first-time buyer)
Nil one-off
Conveyancing + survey + removals
~£3,200 one-off
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