3 bedroom terraced house for sale
Warren Road, Torquay, Devon, TQ2
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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- 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
Description
A highly attractive high-yield buy-to-let opportunity, this freehold block of three self-contained flats is offered at an extremely competitive level on Warren Road, Torquay, TQ2 5TQ, a proven and in-demand rental location.
The accommodation comprises:
• Two self-contained two-bedroom flats
• One self-contained one-bedroom flat
• Five bedrooms in total
The property includes a passageway and parking adjacent to the property.
Two flats are currently tenant occupied, producing immediate income.
Current rental income:
• Flat 2: £550/month
• Flat 3: £450/month
Estimated Rental Income
Based on current local market demand:
• Two-bedroom flats: £800–£900 pcm each
• One-bedroom flat: £700–£750 pcm
Estimated total monthly income: approx. £2,350–£2,550 pcm
Estimated total annual income: approx. £28,200–£30,600 per annum
Gross Yield (at £200,000 purchase price)
• Approx. 14.1% – 15.3% gross yield
(Figures are indicative and for guidance only. Buyers should undertake their own due diligence.)
Key Investment Highlights
• Freehold block of 3 self-contained flats- all D rated EPCs
• 2 × two-bedroom units + 1 × one-bedroom unit
• 5 bedrooms total
• Exceptional double-digit gross yield
• Strong tenant demand area
• Scope to refurbish and further enhance returns
• Ideal for buy-to-let investors, cash buyers, developers & portfolio landlords
Location
Warren Road benefits from close proximity to Torbay Hospital, transport links, local shops and Torquay town centre, making it consistently popular with professionals, key workers and long-term tenants. The TQ2 postcode remains one of the strongest-performing rental areas in Torbay.
Investment Summary
A rare opportunity to acquire a multi-unit freehold investment offering immediate income, and excellent gross yields rarely seen at this price point.
- 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: TBC
- 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.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Warren Road, Torquay, Devon, TQ2
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Visit our security centre to find out moreDisclaimer - Property reference TQY250229. 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 Miller Countrywide, 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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