Summary - 5, Magdalene Road, TORQUAY TQ1 4AF
2 bed 1 bath Flat
Low-cost leasehold investment or first home with strong refurbishment potential close to amenities.
- Chain free first-floor two-bedroom flat
- Long lease: 961 years; ground rent only £1 annually
- Walking distance to Torquay town centre and transport
- Requires full modernisation; renovation potential throughout
- No private garden; on-street parking only
- Medium flood risk; area classed as very deprived
- Council Tax Band A — very low annual charge
- Mixed notes on glazing; verify window condition
This chain-free two-bedroom first-floor flat sits within a Victorian mid-terrace, a short walk from Torquay town centre and local amenities. It offers clear buy-to-let or first-home potential thanks to a long lease (961 years), nominal ground rent (£1) and low council tax banding. The compact accommodation includes a front living room with period fireplace, kitchen, bathroom and a loft-converted principal bedroom with Velux windows and eaves storage.
The flat is in need of modernisation throughout, providing scope to add value by updating finishes, kitchen and bathroom, and improving insulation. There are some mixed notes on glazing—records indicate double glazing post-2002 but other descriptions state single glazing—so buyers should verify window condition and thermal performance. Heating is mains gas with boiler and radiators.
Practical considerations: there is no private garden and on-street parking serves the terrace. The property sits in a very deprived area classification with average crime and a medium flooding risk, which will affect mortgage or rental prospects for some buyers. Overall, this is a low-cost entry purchase for a buyer prepared to renovate or an investor seeking a centrally located rental unit with refurbishment upside.
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