Summary - 228b Union Street, TORQUAY TQ2 5QS
1 bed 1 bath Block of Apartments
Five ready‑to‑rent one‑bed units in a central seaside location for income investors.
Freehold block of five modern one‑bed apartments (developed 2019).|Stated gross rental yield 9.36% (income-focused investment).|Open‑plan living/kitchen layouts, double glazing and good natural light.|No private garden; compact urban footprint and small communal external space.|Located short walk to town centre, seafront and public transport links.|Very high local crime rate; increased management/security likely required.|Medium flood risk — check insurance and resilience measures.|Area classed as very deprived; tenant profile may affect voids and maintenance.
This freehold block of five one‑bed apartments offers an immediate income stream and a stated gross yield of 9.36%, making it a clear income-focused proposition for investors. Built in 2019, the units are modern, double‑glazed and arranged with open‑plan living/kitchen areas and double bedrooms, reducing short‑term refurbishment needs.
The building sits on Union Street, a short walk from Torquay town centre, seafront and local transport links, which supports tenant demand. The compact, three‑storey terrace form gives a tidy street presence and rear vehicular access for parking — useful in a central location with limited outdoor amenity.
Important considerations: the property is in a very high crime area and within a very deprived local authority area, which can affect tenant profiles, management costs and void risk. Flood risk is rated medium, so insurers and resilience measures should be checked. There is no significant private garden space and accommodation is one bedroom only, limiting tenant types and future conversion options.
This opportunity suits a hands‑on investor seeking immediate rental income from modern flats in a central seaside town. Factor in increased management/security costs, insurance checks for flood exposure, and the local socio‑economic profile when assessing net returns.
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