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Description

An amazing opportunity to buy a charming and elegant Victorian Home & Income property in Torbay. *Virtual Tour Available*

Set back from the road and approached along an extensive driveway, this truly exceptional Victorian property, built in the mid 1830’s is currently arranged as nine letting apartments with the added benefit of an impressive 4-bedroom apartment currently used by the owners.

This property offers an amazing opportunity to live in the English Riviera with good income potential. 

Owned by the current owners for around 20 years, the property’s letting units are all currently let bringing in a total annual income of £52,260=5.5% yield.  There is, however, potential to increase the annual income by letting the four-bedroom apartment which is currently occupied by the owners at an estimated £1,100 pcm.

The property stands in good-sized grounds, and offers allocated parking for all units. There is also the addition of a garage and beautiful private gardens used by the four-bedroom apartment. A Laundry Room is available for residents use, and the owners have installed a CCTV system at the property to give all residents peace of mind.

Conveniently located for a host of highly regarded schools, both Torbay and Mount Stuart Hospitals and The Willows shopping district. Easy access can also be gained onto the new South Devon Highway, linking Torquay to the regional city of Exeter and beyond.

As agents, we feel that there is potential scope for re-development of the site, subject to planning, and the property is arranged so that The School House (four-bedroom apartment) could be made smaller or larger by adding or taking away some accommodation.

The School House – Four-Bedroom

A beautiful, grand arched multi-paned wooden front door leads from the tiled floor entrance porch into the elegant Entrance Vestibule with many character features including dado rails, picture rails, and cornicing features. Door to

Light and bright Entrance Hall with high ceiling with central rose, dado and picture rails and cornicing features. Wood effect laminate flooring, cast iron radiator, stairs leading down to lower floor.

Off the hallway is

Dining Room with dado, picture rails and cornicing features. Built-in shelving ideal for displays and books. Tall, built-in storage cupboard. Cast iron radiator. Multi-paned glass door to the utility room, which in turn gives access via a locked door to the Flat's Communal Hallway. Wide opening to

The kitchen Beautifully fitted with wall and floor based cabinets under roll edge worktop surfaces incorporating a one and a half bowl sink unit with drainer, space and plumbing for dishwasher, as well as free-standing fridge/freezer. Double-glazed window to front. Built in extractor hood over space for range size oven.

Living Room, A lovely light and airy room with double-glazed French doors in the large bay opening to the owner's garden, with panelling either side. Dado and picture rails, with detailed cornicing to the ceiling. Feature fireplace with gas fire fitted, built in shelved display cupboard with part glazed door. Stripped wood floorboards. Cast iron radiator.

Bedroom 1  Large Double with double-glazed French doors in the bay window opening to the owners garden. Dado rail, detailed cornicing. Door to Large Walk-In Wardrobe. Door to En-Suite Shower Room: Fully tiled walls and floor,  W.C. with cistern hidden in vanity unit incorporating cupboards and drawers under a worktop surface with integrated wash basin, mixer tap. Matching wall cupboards and fitted mirror. Towel rail. Walk-In Shower cubicle with tiled walls and floor, concertina glass shower door, mains shower unit, recessed shelving, wooden shelf/seating.

From the hallway, a part glazed door with stained-glass detailing opens into a further hallway with built-in storage. Doors lead to

Bedroom 2  Double. Dado and picture rails, coved ceiling, radiator under double-glazed window. Space for bedroom furniture.

Bedroom 3  Double. Dado rail, coved ceiling. Radiator under double-glazed window. Space for bedroom furniture.

Bedroom 4  Double. Dado rail, coved ceiling. Radiator under double-glazed window.

Shower Room Low level W.C. with concealed cistern, wash basin in vanity unit with cupboards and drawers under, wall mounted mirror. Shower tray with mains fitted shower over, shower curtain. Extractor fan. Wall mounted heated towel rail.

From the main hallway, Stairs with wood panelling either side lead down to the Lower Ground Floor.

Office with part wood panelling to the walls, fitted worktop creating a corner desk, space for office furniture, fitted shelving. Door to

Gym Room with interlocking gym floor mat. Space for treadmill, Pilates machine etc. Built-in SAUNA. Door to

Shower Room Close couple W.C.,  wall mounted wash basin with tiled splashback, part tiled walls, shower cubicle with wall mounted shower unit, shower curtain.  Extractor fan.

Two allocated car park spaces & a garage. 
Council tax band: C
EPC: D

Letting Accommodation

Flat 1 – One-bedroom (Tenanted) (£445 pcm)
Ground floor flat: Double bedroom, lounge, kitchen and shower room. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: B
EPC: D

Flat 2 – One-bedroom (Tenanted) (£410 pcm)
Ground floor flat: Double bedroom, lounge, kitchen, shower room with separate WC. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: B
EPC: D

Flat 3 – Studio (Tenanted) (£450 pcm)
First floor flat: Open plan lounge/bedroom & kitchen, shower room. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: A
EPC: C

Flat 4 – One-bedroom (Tenanted) (£435 pcm)
First floor flat: Double bedroom, lounge, kitchen and shower room. Sea views from the lounge. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: A
EPC: C

Flat 5 – One-bedroom (Tenanted) (£475 pcm)
First floor flat: Double bedroom, lounge, kitchen and shower room. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: A
EPC: C

Flat 6 –One-bedroom (Tenanted) (£525 pcm)
First floor flat: Double bedroom, lounge, kitchen and shower room. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: A
EPC: D

Flat 7 – Two-bedroom (Tenanted) (£600 pcm)
First floor flat: 2 x double bedrooms, lounge, kitchen and shower room. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: B
EPC: D

Flat 8 –Studio (Tenanted) (£435 pcm)
First floor flat: Open-plan kitchen and lounge/bedroom, bathroom. Double glazing and gas central heating throughout. Communal boiler with central heating included in the rent, hot water is electric. The tenant pays the electricity bill, which is on its own meter. Water rates included in rent. One allocated car park space. 
Council tax band: A
EPC: D

Flat 9 – Three- bedroom (Tenanted) (£580 pcm)
Three-bedroom penthouse apartment situated on the 2nd floor consisting of 2 x double-bedrooms, 1 single room, lounge, kitchen, bathroom with separate WC. Gas central heating and double glazing throughout. Separate boiler with tenant paying gas & electricity bill which are on separate meters. Sea views from the lounge and bedrooms. One allocated car park space. Water rates included in rent.
Council tax band: C
EPC: E

Outside  The property stands in a lovely sized plot, with plenty of parking as described earlier.  There is the added benefit of a Detached Garage which goes with The School House (four-bedroom apartment).  The beautifully maintained garden is for the sole use of the owners accommodation and consists of a large patio and gravelled terrace immediately outside the living room and master bedroom, with mature vines and tree planted.  To one side, 2 steps lead up to an enclosed paved area with space for garden furniture under a wooden pergola, space ideal for a BBQ. Gate to further area of garden. From the terrace, a wrought iron gate and steps lead down to a lovely sized, enclosed lawned garden with mature trees including palm planted, well stocked borders with a variety of species of shrubs. 2 x wooden sheds.