Netherleigh Road, Torquay

INVESTMENT OPPORTUNITY. This MATURE END OF TERRACE HOUSE occupies a corner plot and is currently arranged as TWO SELF-CONTAINED ONE BEDROOM FLATS, presenting an established investment opportunity within a convenient residential setting. Owned by our clients for circa 20 years, the property would now benefit from general modernisation, although notably the ground floor tenant has remained in occupation throughout their ownership. Currently generating a combined gross rental income of approximately £12,480 per annum, the property offers scope to continue as an ongoing investment, subject to the existing tenancies. The current rents also provide potential for future growth, particularly alongside a programme of modernisation and improvement, subject to prevailing market conditions and the appropriate statutory tenancy procedures.

Looking to the future, there may also be appeal for an owner occupier wishing to reside in one apartment whilst generating an income from the other. Alternatively, the building offers potential for reconfiguration or possible reinstatement as a single dwelling, subject to all necessary consents and an individual buyer’s requirements.

Netherleigh Road is situated within an established residential district of Torquay, conveniently placed for a host of amenities. Plainmoor’s local shops and Lidl supermarket are within easy reach, together with Swim Torquay, Torquay United Football Club and The Spires College, while Southover Medical Centre is positioned opposite.

OWNERS' INSIGHT

“We have owned the property for around twenty years and it has proved to be a very settled investment. Our ground-floor tenant has been with us throughout that entire time, while the first-floor tenant has made their home here for more than six years. We appreciate that the property would now benefit from a degree of modernisation, which is something we would naturally have looked to undertake as and when either apartment became vacant. However, both tenants are very happy and settled in their homes. With one eye now on retirement, we are looking to simplify our commitments and feel the time is right to gradually sell our letting portfolio. We very much hope the property will prove to be as successful an investment for its next owner as it has been for us.”

THE GROUND FLOOR FLAT

Stepping through the entrance porch and shared hallway, a private front door opens to the ground floor flat, with a useful storage area beneath the staircase. The dual aspect sitting room enjoys a south westerly orientation and features an attractive tiled fireplace with hardwood surround and mantel, providing a characterful focal point. The kitchen is positioned to the rear, with a door providing direct access outside and to the garage. Completing the accommodation is a double bedroom with a southerly facing bay window and the benefit of an ensuite bathroom.

FIRST FLOOR FLAT

A private entrance door from the shared hallway opens to a staircase rising to the first floor landing. The dual aspect sitting room enjoys a south westerly orientation, allowing for excellent natural light, while the kitchen faces west. The double bedroom also benefits from a dual aspect, and completing the accommodation is a spacious bathroom with a useful airing cupboard.

STEP OUTSIDE

The shared garden wraps around the southerly and easterly sides of the property, with the principal area laid to lawn and enjoying a desirable southerly aspect. To the east is a further garden area featuring mature pear trees which has potential to create a productive space once again. Driveway parking provides access to a single garage, complete with side window and a personal door.

TENANCIES

We understand both properties are on assured tenancies at £520 pcm each, with established tenants wishing to remain.

ADDITIONAL INFORMATION

ACCESS - Slight stepped access to communal entrance. HEATING - Electric. HOT WATER - Ground floor flat by Heatrae Sadia, first floor flat by immersion cylinder. COUNCIL TAX - Both flats band 'A' (Torbay Council) full payable charge each of £1,637.99 2026/2027. BROADBAND & MOBILE: We are advised that Standard, Superfast & Ultrafast Broadband is available in the area via Openreach and Virgin Media, with mobile signal good outdoor and in-home via EE, Three, and good outdoor via O2 & Vodafone, according to the Ofcom checker.

OUR AREA

Torquay is nestled on the warm South Devon coast being one of three towns along with Paignton and Brixham which form the natural east facing harbour of Torbay, sheltered from the English Channel. Torbay's wide selection of stunning beaches, picturesque coastline, mild climate and recreational facilities reinforce why it has rightfully earned the renowned nickname of the English Riviera.

TORQUAY IS WELL CONNECTED

By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot. By Air: Exeter Airport provides both UK and international flights. By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds. Regional Cities of Exeter & Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles.

DIRECTIONS

SAT NAV - TQ1 3HB. WHAT3WORDS - ///ever.moons.club

ANTI-MONEY LAUNDERING (AML) COMPLIANCE

In line with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, all estate agents are required to verify the identity and legitimate source of funds of every purchaser. We conduct these checks through an independent, specialist service provider, alongside our own internal due diligence. A fee of £18 (£15 + VAT) per purchaser applies once an offer is agreed in principle. Purchasers must complete the digital ID verification and provide evidence of funds or financial capability before a memorandum of sale is issued and the property’s status is updated to ‘Sale Agreed’ or ‘Sold STC’.

Garden

Corner plot with the primary gardens wrapping around the south and easterly elevations.

Parking - Driveway

Driveway for two crs in tandem.

Parking - Garage