# 2 bedroom apartment for sale (TQ2 5DW)

## Property Details

| Key | Value |
|-----|-------|
| Address | Fleet Street, Torquay, TQ2, TQ2 5DW |
| Price | £115,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £135,000 |

## Description

A spacious two bedroom upper floor apartment located in the heart of Torquay town centre. It was newly converted in 2020 and as such has a modern finish throughout. It comprises two bedrooms, large open plan living room with kitchen and dining space, a family bathroom and en-suite.

The apartment is offered for sale with no onward chain.

Location

The development is situated just a short stroll from the bustling harbour side along with its variety of amenities, restaurants, cafes and local attractions. The Princess Theatre is within close proximity, as well as Torquay's deep-water marina, perfect for those with a passion for the ocean. The strand is home to an array of bus stops offering flexible transport to many destinations and Torquay Train station is approximately 1 mile away along the seafront.

Torquay is home to an array of picturesque landmarks and local attractions to include Princess Theatre, Kents Cavern and the Model Village. A variety of beaches are on offer for both sun loungers or water sports enthusiasts with the power boat racing event occurring annually. The new South Devon Highway provides a faster route to the A38 with a journey time of approximately 30 minutes to The Cathedral City of Exeter.

Agents notes: A selection of photos from the whole development have been used and do not necessarily represent the apartment shown.

## Property Photos

- ![Photo 2](/listings/photos/172329224/856776) - Photo 2
- ![Photo 1](/listings/photos/172329224/856779) - Photo 1
- ![Photo 3](/listings/photos/172329224/856780) - Photo 3
- ![Photo 4](/listings/photos/172329224/856781) - Photo 4
- ![Photo 5](/listings/photos/172329224/856782) - Photo 5
- ![Photo 6](/listings/photos/172329224/856783) - Photo 6
- ![Photo 7](/listings/photos/172329224/856784) - Photo 7
- ![Photo 8](/listings/photos/172329224/856786) - Photo 8

## Floorplans

- ![Floorplan](/listings/photos/172329224/856787) - Floorplan

## EPC Graphs

- ![Energy Performance Certificate](/listings/photos/172329224/856790) - Energy Performance Certificate

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| FLEET COURT, 26 FLAT 6 FLEET STREET, TORQUAY, TORBAY, TQ1 1DR | £97,000 | 15/12/2025 | Flat |
| [Same street] URBAN RISE 42-45 FLAT 5 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £110,000 | 05/12/2023 | Flat |
| 9A ROCK ROAD, TORQUAY, TORBAY, TQ2 5SP | £108,000 | 06/04/2023 | Flat |
| FLEET COURT, 26 FLAT 10 FLEET STREET, TORQUAY, TORBAY, TQ1 1DR | £114,250 | 07/12/2022 | Flat |
| 2A COBURG PLACE, TORQUAY, TORBAY, TQ2 5SU | £119,950 | 25/11/2022 | Flat |
| [Same street] URBAN RISE, 42 - 45 FLAT 2 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £150,000 | 30/09/2022 | Flat |
| [Same street] 49 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £490,000 | 09/09/2022 | Flat |
| 6A COBURG PLACE, TORQUAY, TORBAY, TQ2 5SU | £84,000 | 17/06/2022 | Flat |
| FLEET COURT, 26 FLAT 17 FLEET STREET, TORQUAY, TORBAY, TQ1 1DR | £121,000 | 13/06/2022 | Flat |
| [Same street] URBAN RISE, 42 - 45 FLAT 8 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £135,000 | 22/03/2022 | Flat |
| 3A MELVILLE PLACE, TORQUAY, TORBAY, TQ2 5SY | £106,000 | 21/03/2022 | Flat |
| [Same street] URBAN RISE 42-45 FLAT 7 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £127,500 | 09/02/2022 | Flat |
| [Same street] URBAN RISE 42-45 FLAT 4 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £140,000 | 21/12/2021 | Flat |
| 7A COBURG PLACE, TORQUAY, TORBAY, TQ2 5SU | £105,000 | 17/12/2021 | Flat |
| 6B COBURG PLACE, TORQUAY, TORBAY, TQ2 5SU | £85,000 | 08/12/2021 | Flat |
| FLEET COURT, 26 FLAT 19 FLEET STREET, TORQUAY, TORBAY, TQ1 1DR | £120,000 | 19/11/2021 | Flat |
| [Same street] FLAT 9 URBAN RISE, 42 - 45 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £127,500 | 30/09/2021 | Flat |
| [Same street] URBAN RISE 42-45 FLAT 6 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £135,000 | 30/09/2021 | Flat |
| [Same street] URBAN RISE 42-45 FLAT 1 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £135,000 | 30/09/2021 | Flat |

**Street average:** £172,222 (9 sales)
**Area average:** £106,020 (10 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £153,175 (20 Flat, TQ2, 2024–2026)
- **Deviation:** -24.9%

## Rental Range

*ONS Price Index of Private Rents (Torbay). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £825/mo
- **Realistic:** £917/mo
- **Optimistic:** £1,009/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for South Devon (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £673/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, St. Luke's Road South, TQ2 | £1,200/mo | 2 | 0.15 miles | OpenRent |

**Average rent: £1,200/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.04% (strong)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,200/mo).*

- **Gross yield:** 12.5%
- **Cost-to-rent:** 8×
- **Monthly cashflow:** £602/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 21.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 3.4%
- **10y growth:** -24.2%

## House Price Index (HM Land Registry)

*Official index for Torbay; Flats and maisonettes series; as of June 2026.*

- **1y growth (index):** -3.1%
- **5y growth (index):** -2.6%
- **10y growth (index):** 17.8%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)