Newton Road

Newly converted and comprehensively refurbished, 4 Newton Road is a particularly spacious studio apartment offering an affordable opportunity for first-time buyers, investors or those seeking a low-maintenance base in Torquay.

Forming part of a building comprising just two individual dwellings, the apartment is offered for sale with no onward chain and is presented ready for immediate occupation. A particularly useful feature is that the property has its own independent entrances to both the front and rear, giving it a greater sense of privacy and independence than is often associated with studio accommodation.

The main living and sleeping area is notably generous, with high ceilings adding to the feeling of space. Large windows to the front provide plenty of natural light whilst incorporating frosted privacy glazing due to the property's road-facing position. The proportions allow ample scope to comfortably arrange defined living, dining and sleeping areas within the room.

The accommodation has been freshly refurbished throughout and includes a newly fitted kitchen, arranged separately from the principal living space and equipped with a range of contemporary units, work surfaces, sink and cooking facilities.

There is also a new shower room, finished in a clean and neutral style with a shower enclosure, wash basin and WC.

Further benefits include gas central heating and an EPC rating of C, while the neutral finish means the property can be occupied or let without the immediate expense normally associated with refurbishment.

For buy-to-let purchasers, the property is expected to achieve approximately £650 per calendar month, equating to an annual rental income of £7,800. Based on the asking price of £55,000, this represents an attractive potential gross rental yield of approximately 14.2%, making the studio a particularly appealing investment opportunity.

Although the property does not have allocated parking, Brunswick Square long-stay car park is conveniently located nearby. Torbay Council currently offers parking permits for this car park, providing a useful option for purchasers or tenants who wish to keep a vehicle close to the property. Permit availability, terms and charges should be confirmed directly with Torbay Council.

We are advised that the seller's solicitor will provide a new 999-year lease on completion, with the building containing only two dwellings with each property also benefiting from an equal share of the freehold. Buyers should ask their solicitor to confirm the final lease and freehold arrangements as part of the conveyancing process.