Paignton
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity – Residential Block of Flats with Additional Garages
- Purpose-Built Residential Investment Opportunity of Four Flats & Garages
- Rental Income of £36,000 Per Annum (When Fully Let)
- Well-Proportioned One-Bedroom Flats – Each Flat Approximate. GIA of 36m²
- Let Exclusively to Over 55s, Ensuring a Quiet, Low-Turnover Investment
- Four Garages (Two Let, Two Vacant with Letting Potential)
Description
Brent Court is conveniently situated in Paignton, a popular seaside town in South Devon and forming part of Torbay, loving referred to as the English Riviera. The property is located in a quiet residential area at the end of a cul-de-sac. It is close to a range of local shops, healthcare facilities and public transport links, making it an attractive location for residents. Paignton town centre, with its array of amenities, train station and seafront, is only a short distance away, and the area is well-connected to Torquay, Brixham and the wider South Devon region via major road networks and public transport options. Brent Court is a well-positioned residential investment comprising 4x self-contained flats and a block of 4x garages. The flats were purpose built in 1998, with separate living room, kitchen, bathroom and bedroom. They have an approximate gross internal area of 36m². All the flats are a mirror image and have been maintained to a good standard over the years. All of the flats are currently tenanted. Three of the flats are occupied by long-term tenants of at least seven years. The flats are let to over 55s only, which has resulted in a quiet, stable, and low-maintenance investment property. Two of the garages are currently let to the flat tenants, with two further garages empty and ready to let. These could be included within the rentals of the flats to increase value or let separately for higher rental return. The property benefits from a gated entrance and a cul-de-sac location, giving it a private and exclusive feel. There is onsite parking for at least two cars.
INVESTMENT POTENTIAL
The potential to increase revenue from the vacant garages and remaining flat, makes this an attractive investment opportunity. With a gross yield of approximately 8.47% (when fully let), Brent Court offers strong returns for investors seeking a secure residential asset in South Devon.
UTILITIES
Each flat is connected to electric, mains water and drainage. The flats are each independently metered for utilities.
TENURE
Available freehold, subject to the residential ASTs.
PRICE
Offers in excess of £425,000.
COUNCIL TAX
Each flat has a council tax of band A. Tenants are responsible for their own council tax.
EPC RATING
Flat 1: E.
Flat 2: D.
Flat 3: E.
Flat 4: E.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Brochures
Property BrochureFull Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Paignton
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 12354582. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.