# 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
- **Current heating cost:** £567/year

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

## 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.

## 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)