For sale Flat

FLAT 4

URBAN RISE 42-45, FLEET STREET, TORQUAY, TORBAY TQ2 5DW

2 beds 2 baths 689 sq ft Listed 31 Jul 2025 (-407d)

£125,000

Offers in Excess of

Reduced on 11 Aug 2026 · Was £130,000

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# 2 bedroom apartment for sale (TQ2 5DW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 4, URBAN RISE 42-45, FLEET STREET, TORQUAY, TORBAY TQ2 5DW |
| Price | £125,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | A |
| Floor area | 64 m² |
| Last sold | £140,000 Dec 2021 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** D
- **Expiry date:** 15/12/2029

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8121-7232-6849-2886-5992)

## Description

The expansive open-plan kitchen and reception room create a stunning space for both relaxing and entertaining, enhanced by high ceilings that infuse the apartment with a sense of sophistication. Large arched windows flood the space with natural light, framing beautiful views of the town, while also providing a peaceful retreat from the buzz of Torquay’s high street.

The master bedroom is a sanctuary of comfort, featuring its own en-suite shower room for added convenience and privacy. With eco-friendly ceiling heating panels, sleek hardwood flooring, and thoughtfully placed spotlights, The Property is designed to offer both style and sustainability.

Situated on the tranquil second floor, the apartment offers a serene escape while still being only a 60-second walk from the sparkling seafront, stunning beaches, and a host of award-winning restaurants, cafes, and vibrant nightlife. Whether you’re enjoying a relaxed morning walk along the waterfront, sampling local delicacies, or taking in the breathtaking coastal views, this apartment puts the very best of the English Riviera at your doorstep.

Whether you're seeking a holiday retreat, a rental investment, or a luxurious coastal home, this show-home quality apartment offers the perfect blend of modern living and seaside charm.

## Property Photos

- ![Photo](/listings/photos/87244128/856757)
- ![Photo](/listings/photos/87244128/856758)
- ![Photo](/listings/photos/87244128/856759)
- ![Photo](/listings/photos/87244128/856760)
- ![Photo](/listings/photos/87244128/856761)
- ![Photo](/listings/photos/87244128/856762)
- ![Photo](/listings/photos/87244128/856763)
- ![Photo](/listings/photos/87244128/856764)
- ![Photo](/listings/photos/87244128/856765)

## Floorplans

- ![Floorplan 1](/listings/photos/87244128/856766) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/87244128/856767) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| URBAN RISE 42-45 FLAT 4 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £140,000 | 21/12/2021 | Flat |

## 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 |
| 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] 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 |
| [Same street] FLAT 9 URBAN RISE, 42 - 45 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW | £127,500 | 30/09/2021 | Flat |

**Street average:** £176,250 (8 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:** -18.4%

## 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:** 0.96% (okay)
- **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:** 11.5%
- **Cost-to-rent:** 8.7×
- **Monthly cashflow:** £563/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 18.6%

*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).*

## Price per Square Metre

- **£/m²:** £1,953/m²

## 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)

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Property details

Tenure

LEASEHOLD (192 years remaining on lease)

Floor area

64 m²

Council tax band

EPC rating

Last sold

£140,000 Dec 2021

Price per m²

£1,953/m²

Local average

£153,175 (-18.4%)

Deprivation

Decile 1 (1,153 of 33,755)

Street crime

533 incidents within 1 mile (Jul 2026)

Key features

Two Double Bedrooms
Master EnSuite Bedroom
Contemporary Throughout
Light Rear Aspect
Contemporary Design
High Ceilings
Large Light Aspect
Next To Harbour

Description

Embrace the ultimate in seaside living with this ultra-modern two-bedroom apartment, perfectly positioned in the heart of Torquay’s vibrant town centre. Designed with an emphasis on light, space, and contemporary style, this home offers an exceptional living experience that blends luxury with convenience.

The expansive open-plan kitchen and reception room create a stunning space for both relaxing and entertaining, enhanced by high ceilings that infuse the apartment with a sense of sophistication. Large arched windows flood the space with natural light, framing beautiful views of the town, while also providing a peaceful retreat from the buzz of Torquay’s high street.

The master bedroom is a sanctuary of comfort, featuring its own en-suite shower room for added convenience and privacy. With eco-friendly ceiling heating panels, sleek hardwood flooring, and thoughtfully placed spotlights, The Property is designed to offer both style and sustainability.

Situated on the tranquil second floor, the apartment offers a serene escape while still being only a 60-second walk from the sparkling seafront, stunning beaches, and a host of award-winning restaurants, cafes, and vibrant nightlife. Whether you’re enjoying a relaxed morning walk along the waterfront, sampling local delicacies, or taking in the breathtaking coastal views, this apartment puts the very best of the English Riviera at your doorstep.

Whether you're seeking a holiday retreat, a rental investment, or a luxurious coastal home, this show-home quality apartment offers the perfect blend of modern living and seaside charm.

Listed by

Torquay

Spicerhaart

Reference: 87244128

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: D

Inspection date: 16/12/2019

Expiry date: 15/12/2029

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~445 m² (0.11 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

Event	Date	Price	% change
Listed for sale	—	£125,000	-10.7%
Sold	21/12/2021 (4 years ago)	£140,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

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
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 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
Same street FLAT 9 URBAN RISE, 42 - 45 FLEET STREET, TORQUAY, TORBAY, TQ2 5DW	£127,500	30/09/2021	Flat

Street average: £176,250 (8 sales)

Area average: £106,020 (10 sales)

Capital growth trend

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

5y growth 3.4%

10y growth -24.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Torbay. Series: Flats and maisonettes. As of June 2026.

1y (index) -3.1%

5y (index) -2.6%

10y (index) 17.8%

Rental Range

Estimated market rent for Torbay. Low = conservative, Realistic = average, Optimistic = best case.

Low £825/mo

Realistic £917/mo

Optimistic £1,009/mo

Based on Local Authority from postcode lookup → Torbay.

LHA (30th percentile) floor for South Devon: £673/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View TQ2 5DW

Address

Rock Road

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Edinburgh Wollen Mill	0.0 miles
Bus stop	Tesco	0.0 miles
Shop	TK Maxx	0.1 miles
Train station	Torquay	0.7 miles
Train station	Torre	1.0 miles
Hospital	Brixham Hospital	5.2 miles
Hospital	Totnes Community Hospital	7.3 miles

Street-level crime

Category	Count
Violence and sexual offences	217
Anti-social behaviour	81
Shoplifting	50
Criminal damage and arson	38
Other theft	37
Public order	29
Drugs	21
Burglary	15
Other crime	10
Possession of weapons	10
Vehicle crime	9
Robbery	8
Theft from the person	5
Bicycle theft	3
Total incidents	533

Within 1 mile during Jul 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Eat That Frog C.I.C	Other	0.3 miles	— (No rating)
Warberry CofE Academy	Primary	0.5 miles	Good — 24 Jan 2024
Ellacombe Church of England Academy	Primary	0.5 miles	Good — 18 Jun 2024
Upton St James CofE Primary School	Primary	0.8 miles	— (Inspected (no overall grade))
Cockington Primary School	Primary	0.8 miles	Inadequate — 5 Dec 2021

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)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.96%

Max investor price (0.8%) £150,000

Target investor price (1%) £120,000

Gross yield 11.5%

Cost-to-rent ratio 8.7×

Monthly cashflow £563/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 18.6%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus 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).

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