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Walnut Lane, Torquay

PROPERTY TYPE

Block of Apartments

BEDROOMS

4

BATHROOMS

3

SIZE

291 sq ft

27 sq m

TENURE
Describes 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

  • Close to Amenities
  • Double Glazing
  • NO CHAIN
  • Close To Chelston Shops
  • Multiple apartments in block
  • Off Road Parking
  • Estimated income of £2500pcm

Description

An ideal investment opportunity to acquire a freehold building consisting of three self-contained flats, offering a projected combined rental income of approximately £2,500 per calendar month.

Located close to Chelston shops and a range of local amenities, this well-positioned property appeals to both long-term tenants and short-let investors alike.

Property Overview:

Two x Studio Flats - well-suited to professionals or short-term tenants

One x Two-Bedroom Flat - perfect for couples or small families

All flats are fully self-contained and occupy a spacious, well-maintained building

Key Features:

Freehold title included

Total projected rent: £30,000 per annum

Walking distance to shops, schools, bus routes, and parks

Potential to increase yields or add value over time

Ideal for landlords expanding their portfolio

This property is perfect for those looking to generate strong rental returns in one of Torquay's most popular residential areas.

Council Tax Band: A
Tenure: Freehold

Leasehold Information

Each flat has a 999 year lease from 2018
Service charge 1/4 of costs required

Flat 1

Communal Area

Carpet flooring; stairs to First Floor and door to Ground Floor.

Living room

Open-plan Lounge/kitchen/Bedroom:
Double-glazed windows to the side and rear aspect; Electric heater; carpet flooring; matching wall and base level units
with roll-finish work surfaces over; built-in oven and hob with cooker-hood over; stainless-steel circular sink with
drainer; space for fridge/freezer and washing machine; part-tiled walls. Doors to shower room and private rear porch.

Shower Room

3-piece suite which comprises: Low level WC; Shower cubicle; Wall-mounted wash-hand-basin; Heated towel-rail; Extractor fan; part-tiled walls.

Porch

Via Door from the Open-plan Living/Kitchen/Bedroom to Porch. Carpet flooring; double-glazed door to a private courtyard.

Outside

Courtyard: The Courtyard is laid to shingle and only accessed by the reach porch door.

Flat 2

Entrance foyer

Carpeted stairs and flooring to the First Floor flat.

Hall

Picture rails; electric heater; telephone point;
double-glazed window to the rear aspect. Doors to Bathroom; Kitchen; Living Room; Two Bedrooms; and a large storage cupboard which houses the water cylinder.

Bathroom

A 3-piece suite comprising: panel-enclosed bath; pedestal wash-hand-basin; low-level WC; storage cupboard with shelving; part-tiled walls; laminate flooring; heated towel-rail; Dimplex electric heater; extractor fan; double-glazed obscured window.

Kitchen

Base-level units with roll-top work surfaces; part-tiled walls; double-glazed window to the side aspect; inset stainless-steel
sink and drainer with mixer tap; appliance space cooker, Fridge/freezer and washing machine

Living room

A dual-aspect room with two double-glazed windows - one to the front aspect and one to the side aspect. Feature fire-place (not currently in working-order); Electric heater; wall lights; picture rail; carpet flooring; power points.

Bedroom 1

Double-glazed window to rear aspect; picture rail; power points; carpet flooring and electric heater.

Bedroom 2

Dual-aspect room with double-glazed windows to the rear and side aspects. Carpet flooring; picture rail; carpet flooring;
electric heater and built-in storage cupboard.

Access

Access via a double-glazed door to the side aspect.

Kitchen/Diner/Lounge

Two double-glazed windows - one to the front and one to the side aspect.
Vinyl flooring; electric heater; power points; telephone point; built-in storage cupboard with shelving.
Double-glazed door to the side aspect giving access to the property. Door to Lounge/bedroom.

The Kitchenette has matching wall and base level units with roll-top work surfaces; stainless-steel sink and
drainer with mixer tap; appliance space for fridge/freezer and cooker.

Lounge/Bedroom

Double-glazed window to the front aspect. Carpet flooring; power points; built-in wardrobe; electric heater.
Door to en-suite shower room.

En-suite

A three-piece-suite comprising: shower cubicle; low-level WC; pedestal wash-hand-basin; tiled walls; extractor fan.

Brochures

Brochure
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.
Driveway
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

Walnut Lane, Torquay

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About Pegg Estates, Torquay

6 Market Street Torquay TQ1 3AQ
Industry affiliations:

Pegg Estates was founded by our Director Ben in order to promote a new bespoke service to home movers in Torbay. Having formed in August 2020 we have quickly become an agent of choice in the area. A local Estate Agency with a big personality, we combine traditional methods with new innovative technologies to provide you with an exceptional level of service at real value. The team sale agreed more homes in Torquay in 2023, 2024 and so far in 2025.

Your mortgage

Per year
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Choose between 1 and 40 years
Years
%
Monthly repayments
£1,163
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference RS4123. 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 Pegg Estates, Torquay. 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.

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