Summary - Flat 1, 228a Union Street, Torquay TQ2 5QS
5 bed 5 bath Block of Apartments
High-yield coastal investment close to the seafront and local amenities.
Freehold block of five one-bedroom apartments
A compact freehold block of five one-bedroom apartments offering strong immediate rental income and an advertised gross yield over 8%. Each flat has open-plan living, a double bedroom, shower/bathroom with WC, double glazing and central heating — straightforward, low-complexity units designed for lettings.
The building is a renovated Victorian terrace with modern interiors and good natural light throughout. Its town-centre location is within walking distance of Torquay seafront and close to shops, transport links and local amenities, supporting lettability and short tenant commutes.
Buyers should be aware of several material factors: the property sits in a very deprived area with very high local crime rates and is described as a transitional Eastern European neighbourhood with constrained renters. Flooding risk is classed as medium. The block is small (total c.821 sq ft), so diversification is limited and any significant voids or major works would impact income materially.
For an investor seeking a hands-on, income-led purchase, this freehold block represents clear yield potential in a coastal town location. The position and modernised flats reduce immediate refurbishment needs, but rental and management risks are elevated by the local social and environmental factors — budget for active management, security measures and contingency for periodic repairs or insurance premiums.
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