Flat for sale in Palermo Road, Torquay TQ1

This stylish apartment forms part of a select development set in the heart of Babbacombe, commanding an open green outlook over to the neighbouring Cary Park. Having been comprehensively refurbished by our client within their 18 years of ownership, the property presents a simply beautiful home with the striking principal room a particular feature, bathed in sun through the southerly facing large bay window and with access to the shared balcony.

Compton House is enviably set just off Cary Park being a relatively level location amidst Torquay’s renowned seven hills, and a short saunter to the local tennis and bowls clubs. A host of amenities can be found nearby at both St Marychurch and Babbacombe which include a wide selection of both independent shops and national chain stores, Churches, medical practices and post office facilities. The nearby scenic Babbacombe Downs overlooks the shingle beaches of Oddicombe and Babbacombe, joined by the funicular railway or winding pathways.

EPC Rating: D

Owner's Insight

"Time seems to have passed rather quickly when I think I bought the apartment back in 2006 needing refurbishment. It has always been an investment for me, initially as a standard buy-to-let and more latterly holiday letting, both enjoying a high occupancy level and strong yield.

Compton House is a lovely development, professionally managed by cjms who take care of the general day-to-day running for the lessees, and we are also shareholders in the company owning the freehold giving peace of mind and control. I am biased, but Babbacombe is simply beautiful. Everything someone could need is on hand, from parks and beaches, to shops and restaurants, Theatre and sports clubs."

Step Inside

From the secure communal entrance a shared staircase rises one flight to the top floor with private entrance door opening to the spacious reception hall with communal door entry phone. The hall is arranged in a split level design with four steps rising to the main space. The sitting/dining room enjoys a bay window overlooking the neighbouring Cary Park and glazed door giving access to the shared balcony with the neighbouring flat. Lofty ceiling height with picture rails and ceiling rose. Open access to the kitchen which is beautifully appointed with cream shaker style units and oak effect worktops with inset composite granite sink. Built-in electric oven, four ring gas on glass hob with illuminated glass filter hood over, integrated dishwasher and washing machine, provisions for fridge/freezer. Under unit pelmet lighting and inset down lighters.

Bedrooms & Bathrooms

Bedroom 1 is a generous double with double glazed sliding sash window, lofty ceiling height with picture rails and ceiling rose. Shower room with shower cubicle, wash basin and WC. Wall mounted Dimplex heater, illuminated mirror and extractor fan. Four steps lead down to the lower hall and bedroom 2 with double glazed sash window and ceiling rose. En-suite with panelled bath and shower attachment taps, wash basin and WC. Fully tiled walls, illuminated mirror, chrome towel rail, extractor fan and double glazed sliding sash window.

Step Outside

The car park is positioned to the rear of the development with allocated parking space and area for clothes drying.

Additional Information

Heating - Gas Central Heating.

Conservation area - Cary Park, Torbay.

Length of lease - 199 years from 14 December 1989. Residents own a share of the Freehold.

Service charge - £1,576.18 per annum? Professional management by Carrick Johnson Management Services. Torquay.

Ground rent - £25 per annum.

Council tax band - Currently commercial rated as a self catering holiday unit with a current rateable value £2,550 (1 April 2023 to present). Please note this is the rateable value for the property, and not what you pay in business rates or rent. Torbay Council uses the rateable value to calculate the business rates bill.

Our Area

Torquay is nestled on the warm South Devon coast being one of three towns along with Paignton and Brixham which form the natural east facing harbour of Torbay, sheltered from the English Channel. Torbay's wide selection of stunning beaches, picturesque coastline, mild climate and recreational facilities reinforce why it has rightfully earned the renowned nickname of the English Riviera.

Torquay Is Well Connected

By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot.

By Air: Exeter Airport provides both UK and international flights.

By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds.

Regional Cities of Exeter & Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles.

Directions

Sat nav - TQ1 3NW. WHAT3WORDS - spring.belts.line.

Balcony

Shared balcony.

Parking - Allocated Parking