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1 bed Property property

Available

For Sale

Listed Aug 2, 2025

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£200,000

Available

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Description

"Freehold Residential Investment Opportunity. Fully Let Producing Over 10% Gross Return.

The property is located on Melville Street, a popular residential street positioned just a short walk from Torquay s town centre and Harbourside. This location is highly convenient for tenants, offering easy access to shops, restaurants, bars, the seafront and public transport links. Flats 3, 4 & 5, Travis House represent an excellent opportunity to acquire a fully let, freehold residential investment. The property is arranged as three self contained 1 bedroom units, with two flats and one house. The freehold includes Flats 3, 4 & 5, with Flats 1 & 2 Travis House being separately owned under long leasehold titles. The long leaseholders of Flats 1 & 2 contribute towards the building s insurance and maintenance costs, helping to offset the landlord s outgoings.All three units are currently tenanted on Assured Shorthold Tenancies ASTs. The building is free from gas supply with each flat having its own water and electricity connections."

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Listing data

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1 beds
Property
22 days on market

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Property Location

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Average Price

The average asking price of 1 bed Property properties For Sale in is £175,000. The most recent sale of the same type on this road was on Nov 8, 2024 for £261,000. The crime level in the surrounding area is high.