Long lease, low running costs — renovate to realise central Torquay potential.
Chain-free with 961-year lease and £1 ground rent
Chain-free, long-lease two-bedroom flat in central Torquay, offered as a straightforward renovation project with clear potential. The first-floor layout plus converted loft bedroom provides usable space across three levels, and the property benefits from gas central heating and a surprisingly long lease (961 years) with a nominal ground rent.
Positioned within walking distance of Torquay town centre, transport links and local shops, this compact period conversion will suit first-time buyers or investors prepared to modernise. Single glazing and dated fittings mean refurbishment is needed to improve energy efficiency and comfort, but the low purchase price and very low council tax reduce holding costs while works are planned.
Practical drawbacks are honest and material: the flat is small, single glazed, and requires updating throughout; there is no private garden and flood risk is medium. Lease restrictions and restrictive covenants apply, so buyers should check the lease details before committing. For a buyer willing to invest time and budget, the flat offers value and a good central location with fast broadband and excellent mobile signal.