Wellswood, Torquay

INVESTMENT OR HOME & INCOME OPPORUNITY.  This classic VICTORIAN RESIDENCE is arranged to provide SIX APARTMENTS and a linked TWO BEDROOM BUNGALOW. 

The main villa offers one two-bedroom apartment, three one bedroom apartments and two studio flats, with the bungalow providing ideal owners accommodation or an additional income if required.  Maintained by to a good standard the property has been owned by our clients for approximately 24 years and provides them with an extremely comfortable home and also currently produces a healthy income of £46,080, which if fully let (including the bungalow) could rise to circa £57,500. 

The popular amenities of Wellswood with its village ambiance can be found nearby whilst local shops at Lisburne are just a short saunter. A wide selection of shops, waterside bars and restaurants, Princess Theatre, and mooring facilities can be found at the base of the hill in and around Torquay's harbourside, yacht marina and town centre.

EPC Rating: C

OWNER INSIGHT

“In 2000, with a view towards semi-retirement, we decided to make a move and decided it sensible to look for a property that will provide us with a comfortable home and also generate us an income. Having looked at several properties we found some that could generate an income but were struggling to find one that we felt we could make into our home…. until we arrived here. As soon as we entered the driveway we knew that this was the property for us, not only was it situated in a convenient and established location, it provided a good level of income and the owners accommodation was absolutely ideal…something that we still appreciate now, almost 24 years later! Having owned the property now for many years we have never had any difficulty in securing new tenants when required and have actually benefitted from some long-established tenancies during our time here. We have now made the difficult decision to sell and hope that any new owners enjoy owning this property as much as we have.”

BUNGALOW/OWNERS ACCOMMODATION

OPEN ENTRANCE PORCH with front door opening to the RECEPTION HALL with hatch to roof space. The SITTING ROOM is a bright double aspect room and feature fireplace. The KITCHEN is fitted with a range of wood effect units and granite effect working surfaces with inset sink unit. Built-in electric oven, four ring electric hob with cooker hood over and integrated fridge/freezer. Window to the front. DINING AREA with window to the front and stable door to the courtyard garden. BEDROOM 1 with double aspect to the side and rear and BEDROOM 2 with window overlooking the courtyard garden. BATHROOM with white suite of panelled bath with shower over, wash hand basin, bidet and WC. Tiling to walls and floor and obscure glazed window.

COURTYARD GARDEN

The bungalow benefits from a private enclosed courtyard garden with outside light and tap. LAUNDRY ROOM with light grey fitted units and work top with inset sink unit, provisions for washing machine and dryer. Obscure glazed window.

FLAT 1

RECEPTION HALL with cupboard housing the electric consumer units. OPEN PLAN SITTING ROOM/KITCHEN with window to the front. DOUBLE BEDROOM with window to the front and SHOWER ROOM.

FLAT 2

ENTRANCE HALL with cupboard housing the electric consumer units. OPEN PLAN SITTING ROOM/KITCHEN with window overlooking the driveway approach. DOUBLE BEDROOM with window to the side and SHOWER ROOM.

FLAT 3

RECEPTION HALL with window to the side. OPEN PLAN SITTING ROOM/KITCHEN with dual aspect to either side. DOUBLE BEDROOM with window to the rear and EN-SUITE BATHROOM.

FLAT 4

RECEPTION HALL with cornice work to ceiling and cupboard housing the consumer units. An obscure glazed door opens to the courtyard garden. SITTING ROOM with large window overlooking the driveway approach. KITCHEN with range of units and work tops with inset sink. Window overlooking the courtyard. There are 2 BEDROOMS and a SHOWER ROOM.

FLAT 5

A STUDIO APARTMENT with SITTING ROOM/BEDROOM/KITCHEN with large window to the front and further window to the side. SHOWER ROOM.

FLAT 6

A STUDIO APARTMENT with SITTING ROOM/BEDROOM/KITCHEN with window to the front and low level cupboard housing the consumer units. SHOWER ROOM.

CELLAR

A panelled doors opens to a hallway with stone steps descending to the CELLAR AREA which is divided into four areas ideal for STORAGE/WORKSHOP SPACE with lighting, power and headroom of approximately 1.92m.

STEP OUTSIDE

To the side of the property there is a large driveway and parking area with raised well stocked shrubbery to one side and gravelled top to the rear with inset shrubs. To the front of the building is a bin store.

ADDITIONAL INFORMATION

APPROACH: Sloping driveway and stepped approach to the main entrance of the building, with the bungalow approached over the sloping driveway with a single step at the entrance. HEATING: Each of the apartments has electric heating, with the bungalow having gas central heating. SERVICES: Mains electric, gas, water & drainage are connected to the building, although gas is only connected into the bungalow. COUNCIL TAX: Each of the apartment are Council Tax Band ‘A’, with the full charge payable for 2024/2025 being £1,488.56. The bungalow is Council Tax Band ‘C’, with the full charge payable for 2024/2025 being £1,984.75. EPC’S: Flat 1 – C:72, Flat 2 – C:77, Flat 3 – C:69, Flat 4 – C:70, Flat 5 – D:59, Flat 6 – C:73 & Bungalow – D:57. CONSERVATION AREA: The property is situated within the Lincombes Conservation Area.

RENTS

Flat 1: £700 pcm. Flat 2: £600 pcm. Flat 3: £640 pcm. Flat 4: £780 pcm. Flat 5: £550 pcm. Flat 6: £570 pcm. Bungalow: Presently Owner Occupied, although the owners have been advised that should they wish to let the property it could command a rent of approximately £950 pcm. PLEASE NOTE – All rents are inclusive of water charges, which are each on an assessed charge. We understand that Standard, Superfast & Ultrafast Broadband via Openreach is available in the area, with mobile signal likely with O2 although limited via Vodafone, Three & EE (according to the Ofcom website).

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

WHAT3WORDS: toward.token.nation. SAT NAV: TQ1 1HW

Garden

Private courtyard garden to the bungalow and separate private courtyard to Flat 4.

Parking - Driveway