Compact seaside buy-to-let near town centre and seafront.
Two refurbished one-bedroom self-contained flats, sold as one freehold lot
A compact freehold investment of two refurbished one-bedroom flats in central Torquay, offered at public auction with a guide price of £150,000. Both flats are newly renovated, modern fitted and sold fully furnished; the ground-floor flat benefits from a private courtyard garden and the building offers partial sea views. Previously achieved combined short‑term rents of £24,000 per annum; if relet on assured shorthold tenancies, estimated income is around £700pcm per flat (£16,800pa).
The lot is vacant and ready for immediate occupation or re-letting, with the first-floor flat already registered as a holiday let for business rates (rateable value £1,875). The building is small-to-average in scale, suited to buy‑to‑let investors seeking a compact asset close to the town centre and seafront. Broadband is fast and mobile signal is excellent, aiding short-term and long-term letting options.
Important considerations: the property sits in a very deprived area with very high local crime levels and is being sold by public auction with a public notice/repossession. Prospective purchasers should allow for typical town-centre management, insurance and possible marketing costs for re-let. The flats are vacant, so rental recovery or holiday‑let occupancy will require active management following purchase.
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