Summary - Flat 1, Wellington Court, Waterloo Road TQ1 3AY
1 bed 2 bath Flat
Long lease, strong cashflow in central Torquay for straightforward landlords.
Rental income £9,000pa; approx 9% gross yield
No ground rent or service charge payable
Leasehold with c.99–100 years remaining
One double bedroom; c.518 sq ft total area
Victorian stone construction; likely no external wall insulation
Ground-floor flat — easier access, potential damp/ventilation risks
Mains gas boiler and radiators; double glazing present
Located in an area of high deprivation — variable capital growth
A ready-made buy-to-let in central Torquay, this one-bedroom ground-floor flat offers immediate rental income with tenants in place. The property occupies a compact Victorian terrace setting and combines period exterior character with a modernised internal kitchen and bathroom — a low-effort addition to a rental portfolio.
Financially straightforward for investors: no ground rent or service charge is payable and the current rental income of £9,000pa against a £100,000 price equates to an approximate 9% gross yield. The flat comes with about 99–100 years remaining on the lease, making it leasehold but with a long term to run.
Practical considerations are clear and factual. The building dates from before 1900 and external walls are stone with assumed no insulation; heating is mains gas boiler and radiators. The flat is small (c. 518 sq ft), ground-floor, and located in an area of high deprivation — factors that influence tenant demand and long-term capital growth.
This property suits an investor seeking immediate cashflow and minimal initial works. It will also appeal to landlords comfortable managing an older building and typical maintenance issues linked to Victorian construction. Viewing is recommended to confirm condition and to check any future maintenance requirements.
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