Property Ref: 000688 - Castle Road

A spacious and imposing period house properly converted into three separate self contained flats, arranged over three floors and all let and producing 22,740 per annum.

  • 3 Bathrooms

  • Gas Central Heating

    Substantial investment into three quality flats.

    A spacious and imposing period house properly converted into three separate self contained flats, arranged over three floors and all let and producing 22,740 per annum. Located only moments from Torquay town centre in this sought after tree lined Conservation Area road, this property offers any buyer an immediate rental investment offering a gross yield of circa 6.5%. The real value of this property can be found in the three flats individual values as if any purchaser would like to then separate the flats onto individual leasehold titles, an anticipated return after all three flats were sold on the open market would be circa 420,000. Ideal rental investment or perhaps home with income opportunity. Viewing strictly by appointment only.

    SUBSTANTIAL BUILDING ARRANGED AS THREE FLATS
    1 X 3 BED FLAT, 1 X 2 BED FLAT & 1 X 1 BED FLAT
    ALL THREE FLATS HAVE OWN GARDEN AREA
    TWO FLATS HAVE ALLOCATED PARKING SPACES AT REAR
    ALL FLATS FITTED WITH GAS CENTRAL HEATING
    MIXTURE OF WOODEN OR DOUBLE GLAZED WINDOWS
    PRODUCING 22,740 PER ANNUM WITH CIRCA GROSS YIELD OF 6.5%
    SIGNIFICANT RESALE VALUES OVER ASKING PRICE

    THE ACCOMMODATION WITH APPROXIMATE MEASUREMENTS:

    Flat 1

    Steps down to wooden front door to small lobby area and:

    LOUNGE
    14ft 9in x 14ft 8in Two large white UPVC double glazed windows with fitted blinds, large radiator, light fitting, TV aerial point, laminate flooring, power points.

    KITCHEN
    12ft 9in x 9ft 7in Large area with main kitchen and separate area ideal as a breakfast bar location, range of wood effect base and wall units with brushed steel effect door furniture, grey granite effect work surfaces, stainless steel effect sink unit with mixer taps, electric cooker, space and plumbing for washing machine under work surface, wall mounted combination boiler, radiator, beige ceramic tiles around work surfaces, wooden window and wooden door to very small concrete patio at rear, fluorescent light fitting, ceramic tiled floor, power points.

    BEDROOM
    15ft 4in x 14ft 5in White UPVC double glazed window with blind, radiator, TV aerial point, light fitting, laminate flooring, power points.

    BATHROOM/WC
    Modern white suite comprising panelled bath with chrome effect taps and shower attachment, pedestal wash hand basin and low level WC, acrylic shower screen fitted to bath, extractor fan, chrome effect bathroom furniture, white ceramic tiling to wall around bath, shower and basin area, chrome effect bathroom furniture, window with borrowed light from front lobby area, light fitting, vinyl flooring.

    FRONT GARDEN
    Small lawned area to front of property and allocated to Flat 1.

    COUNCIL TAX BAND BAND A 1042.88 for 2016/17

    Flat 2

    Large wooden communal door at front leading to inner lobby shared with Flat 3, wooden front door to:

    HALLWAY
    Deep built in cupboard, radiator, power points.

    LOUNGE
    17ft 5in x 15ft 8in Two tall wooden casement windows, radiator, original cast iron fireplace with ornate tiled surround and wooden mantelpiece, high ceilings, coving, light fitting, TV aerial point, telephone point, laminate flooring, power points.

    KITCHEN
    14ft 8in x 8ft 11in Range of light wood effect base and wall units with brushed steel effect door furniture, grey granite effect work surfaces, stainless steel effect sink unit with mixer taps, built in brushed steel effect electric oven, 4 ring gas hob, space and plumbing for washing machine under work surface, white ceramic tiles around work surfaces, wall mounted combination boiler, radiator, light fitting, wooden window and wooden door to steps up to own garden area, vinyl flooring, power points.

    BEDROOM 1
    16ft 1in x 14ft 9in Two white UPVC double glazed windows of which one is large and one slightly smaller, radiator, original cast iron fireplace with ornate tiled surround and wooden mantelpiece, high ceilings, coving, power points.

    BEDROOM 2
    9ft 11in x 9ft 2in White UPVC double glazed window, double radiator, power points.

    BATHROOM/WC
    White suite comprising panelled bath with chrome effect taps, pedestal wash hand basin and low level WC, TRITON electric shower fitted to wall above bath, acrylic shower screen fitted to bath, radiator, white ceramic tiling to wall around bath, shower and basin area, chrome effect bathroom furniture, white UPVC double glazed window in obscure glass, light fitting, vinyl flooring.

    REAR GARDEN & PARKING
    Good size rear garden with lawn, concrete terrace at top, then off road parking space for one car.

    COUNCIL TAX BAND BAND B 1216.69 for 2016/17

    Flat 3

    Large wooden communal door at front leading to inner lobby shared with Flat 2, wooden front door to:

    HALLWAY & LANDING
    Spacious split level area, large fixed pane double glazed window at almost ceiling height offering light over landing, radiator, power points.

    LOUNGE
    16ft 7in x 15ft 0in Two large wooden casement windows with blinds, radiator, closed fireplace with wooden mantelpiece, light fitting, TV aerial point, laminate flooring, power points.

    KITCHEN
    14ft 1in x 10ft 3in Range of light wood effect base and wall units with brushed steel effect door furniture, black granite effect work surfaces, stainless steel effect sink unit with mixer taps, electric cooker, brushed steel effect extractor hood above hob, space and plumbing for washing machine under work surface, space for full height fridge/freezer, cream coloured tiles around work surfaces, radiator, wall mounted combination boiler, built in larder cupboard, white UPVC double glazed window, white UPVC double glazed door with adjoining window to own garden area, light fitting, vinyl flooring, power points.

    BEDROOM 1
    16ft 0in x 13ft 2in Large wooden casement window with blind, original cast iron fireplace with wooden mantelpiece, radiator, power points.

    BEDROOM 2
    13ft 9in x 8ft 11in Long wooden casement window with blind, radiator, laminate flooring, power points.

    BEDROOM 3
    10ft 9in x 7ft 2in Wooden casement window with blinds, radiator, laminate flooring, power points.

    BATHROOM
    White suite comprising paneled bath and pedestal wash hand basin, MIRA electric shower fitted to wall over bath, acrylic shower screen, radiator, white UPVC double glazed window, vinyl flooring. SEPARATE WC White low level WC, radiator, wooden window, vinyl flooring.

    REAR GARDEN & PARKING
    Good size rear garden with lawn, concrete terrace at top, then off road parking space for one car.

    COUNCIL TAX BAND BAND B 1216.69 for 2016/17

    PRICE Offers Around 335,000 Freehold.

    335,000

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    Haarer & Motts
    165 St Marychurch Road
    Torquay
    Devon
    TQ1 3HP

    Tel: 01803 322557
    Fax: 01803 322488

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