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Property for sale Warren Road, Torquay

For Sale

£450,000

Added yesterday

Tenure: Freehold

About this property

DESCRIPTION Attention all investors and developers. A unique opportunity to purchase a substantial freehold property currently arranged as 4 separate flats, with fantastic views and scope to add value only 2 of the units are currently let generating £14,200 per annum. Situated on Warren Road, Alpine Villa offers spectacular views over the town centre and harbour.

Council tax

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Location

Warren Road, Torquay

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Mortgage and stamp duty

Property price £450,000

£225k £675k

Deposit10% £45,000

£0 £450k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £405,000 mortgage. Most lenders would want a household income of about £90,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.