Skip to main contenthow this is calculated →
Year 5 disposal
⊞ View all 5
85/ 100
Strong
Strong investment fundamentals.
Why it works
- 10.61% return before costs — above-market
- Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
Why to be cautious
- Service charge unknown — could swing £100-300/mo
- No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.
- EPC band not stated — verify the certificate before offering (2030 MEES minimum is band C).
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
+£1/mo
Barely breaks even each month
Price
£120K
No local sold comps to compare
Return · IRR
0.3%/yr
Modest annualised return
Cash to get in
£52K
Deposit + fees + refurb
Return before costs on price 10.61%5-yr return on cash 7%Rent est. £1,061 (£904–£1,245)
How we define each return: On price — gross yield = annual rent ÷ purchase price. On cost — net yield ÷ total project cost (price + refurb + fees). On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
What-if calculator
Rates as of 20 May 2026Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £904–£1,245/mo · n=94
Financing
DepositYour cash in — the rest is the mortgage25% · £30,000
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£8,073–£15,070 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £90,000 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for sub-£200K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
+£1
after mortgage, operating costs & tax
Rent in£1,061/mo gross
£1,020/mo collected · £41/mo lost to voids
Where it goes
£488Mortgage£531Costs
£1/mo left as profit · 0% of rent kept
Mortgage£488
Costs£531
Management£106
Maintenance£67
Insurance£20
CapEx reserve£53
Voids + council tax£6
Service charge + ground rent£175
Ltd co. accounts£104
Tax£0
Profit+£1
Returns
Return before costs on price10.61%
Cash return on cash0.03%
Gross margin£489
Cash needed£51,564
Monthly profit payback100+ yrs
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress2.09
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £12,732 | £6,372 | £5,850 | £0 | £97 | £413 | £413 |
| Year 2 | £13,114 | £6,563 | £5,850 | £0 | £133 | £568 | £981 |
| Year 3 | £13,507 | £6,760 | £5,850 | £0 | £171 | £727 | £1,708 |
| Year 4 | £13,913 | £6,963 | £5,850 | £0 | £209 | £891 | £2,599 |
| Year 5 | £14,330 | £7,172 | £5,850 | £0 | £249 | £1,059 | £3,658 |
Disposal gain (gross)-£9,587
CGT£0
Net Disposal proceeds£129,177
What we verified
What we verified
23062 ok · 3 caution · 0 fail · 6 unknown
Legal & planning
LeaseholdLeasehold
Tenure & planningLeasehold
Legal & planning
2 checks- TenureUnknown
- Lease lengthUnknown
Building condition
Energy ratingUnknown
EPC& 2030 deadlineEPC register
EPC band not available in the listing. The 2030 MEES minimum is band C — verify the certificate before offering.
EPC band from listing · verify certificate before exchanging
Find EPC certificate →Cladding safety certificateNot stated on the listing
EWS1& cladding statusListing signal
OKInfoVerifyCritical
Severity
Inferred from listing text
OK
Floor
EWS1 typically required above 18m
Floor 0
Lender impact
Ground floor — building almost certainly ≤ 11 m, EWS1 likely not required (RICS Mar 2021 guidance).
Mortgageable
A1/A2 = mortgageable · B1 = mortgageable with plan · B2 = remediation required
RICS EWS1 guidance →HeritageNot stated on the listing
Heritage& planning constraintsNHLE register
We don't ingest the NHLE bulk register, so we can't flag listed-building or conservation-area status for this address from our data alone. Use the official registry to verify before exchanging.
Area
Flood riskChecking…
FloodriskEA
Crime riskChecking…
Crimeriskpolice.uk
SchoolsChecking…
Schools& Ofsted catchmentGIAS register
No schools indexed for this postcode sector.
Investor
Tenant profileMixed demand
Tenant profilelikely cohortTQ1 · 2 bed
Primary profile
Mixed demand
Nearest university
for student-let assessment
University of Exeter · 30.7 km
Reason
Mixed-demand area without a single dominant tenant cohort. Local lettings agent can clarify.
Heuristic from postcode + bedrooms + nearest-university distance · verify locally
Refurb costEstimate ready
Refurb cost& works budgetQ1 2026 rates
New kitchen + bathroom + light replumb + decor.
Total estimate
2-bed · 1-bath · 810 sqft
£22k–£43k
£ per sqft
building cost only
£27–£53
Per-item breakdown (4 lines)
- Kitchen · Full unit replacement£3,840–£8,640
- 1 × bathroom · Full strip + retile£3,325–£6,650
- Paint + decor£5,670–£10,530
- Flooring · Carpet on bedrooms + LVT/laminate downstairs£8,910–£17,010
Guide rates · UK May 2026 · sqft auto-estimated from beds
Tier-based bands — get a builder quote before exchanging.
Rent by the room licensingN/A
Price & sale history87d on marketno cuts yet
Strategy matrix
Rent it out wins — +£1/mo · level with Refurb & refinance
| Strategy | Return before costs on price | Monthly profit | Cash needed | 5y Return on your cash on cash | Risk | Feasibility |
|---|---|---|---|---|---|---|
| ⭐ Rent it out | 10.61% | +£1 | £51,564 | 7.1% | Low | Feasible |
| Housing-benefit rent | 7.93% | -£268 | £51,564 | -22.0% | Med | Feasible |
| Council lease | 0.00% | -£854 | £51,564 | -102.0% | Low | Feasible |
| Refurb & refinance | 10.61% | +£1 | £61,870 | 5.9% | Med | Feasible |
| Short-stay let / Airbnb | 11.56% | -£197 | £51,564 | -20.5% | High | Feasible |
| Buy, improve & sell | 0.00% | -£366 | £143,070 | 1% | Med | Feasible |
| Rent by the room | — | — | — | — | — | Disabledneeds 3+ beds |
Short-let (SA) context267 active short-lets nearby
Short-let market context
- 267 active short-let listings in this postcode
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.
Pro analysis — outcome range, stress tests & portfolio impact
Local lettings demanddays-to-let · supply now · trend
Local lettings demandby strategyLive area data
Short-stay let36% occupancy
£106/night ADR
Based on 23 short-let comps nearby
Rent by the room conversion upside
+£287/mo cash flow vs Rent it out if converted to Rent by the room
24.00% Return before costs on price converted vs 10.61% as-is
As-is Rent it out
Monthly profit+£153
Return before costs on price10.61%
Cash needed£41,898
If converted to Rent by the room
Monthly profit+£441
Return before costs on price24.00%
Cash needed£57,898
Δ vs Rent it out Monthly profit+£287
Show conversion detail
Cannot Rent by the room:Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Conversion cost estimate
£44,000
Range: £38,000 – £52,000
Fire safety, plumbing, partitioning, licensing.
Rates as of Apr 2026
£38,239–£72,000full refurb + room split
⚠️ Capped at 60% of £120,000 asking (£72,000). Raw model: £42,690–£80,380. Verify with a surveyor before offering.
What's in this cost
- Kitchen£7,739–£15,478
- 1 × bathroom£5,106–£9,361
- Rewire£2,902–£5,079
- Replumb£2,177–£4,353
- Windows£7,256–£13,060
- Paint + decor£5,079–£9,432
- Flooring£7,981–£15,237
Comparables
sold within 0.5 miLoading nearby sold…
Location & area intelligence
Transport score100 / 100
On the map
- Registered HMOs
- Approved HMO conversions
- Pending HMO applications
Tax treatment
Annual gross rent£12,732
Section 24 credit£0
Annual tax due£97
Post-tax Monthly profit annual-£76
Exit costs
Projected sale price (5y · 2%/yr growth)£132,490
Capital gain (pre-CGT)£12,490
Sale costs (~2.5%)£3,312
CGT due (Ltd Co 25%)£0
No personal CGT — the gain is taxed at the company level (corporation tax) when the SPV disposes of the property.
Net 5y Monthly profit after CGT£3,658
Rates as of Oct 2024
Acquisition costs
£51,564cash neededPurchase price£120,000
Deposit (25%)£30,000
Stamp duty+5% additional-property surcharge£6,000
Refurb£10,764
Legal + survey£2,000
Mortgage fees£2,800
Total cash neededdeposit + costs (loan covers the rest)£51,564
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · onthemarket
Description& agent copyOnTheMarket
48 Ridgeway Heights, Ridgeway Road, Torquay, TQ1 2ND
New to the market is this spacious upper floor apartment, forming part of the well-established Ridgeway Heights development on sought-after Ridgeway Road. Occupying a commanding elevated position above Torquay, the building enjoys a striking setting, with the apartment itself benefiting from sea views from selected aspects and lift access to all floors. Available to purchase straight away with no onward chain.
Access is v…
Floor plans
Nearby active comparables11 rentals
Comparable rentals
TQ1 · same beds + typeMedian nearby: £1,150/mo · 11 of 11 already let+£89 vs our est
- Meadfoot Lane, Torquay TQ1Let2b£1,200/moMay 2026
- Brunswick Terrace, Torquay, TQ1Let2b£875/moMay 2026
- Barton Road, Torquay, TQ1Let2b£885/moMay 2026
- Villa Borghese, Torquay, TQ1Let2b£1,400/moMay 2026
- Teignmouth Road, TORQUAY, TQ1Let2b£1,000/moMay 2026
- Grange Road, Torquay, TQ1Let2b£950/moMay 2026
- Meadfoot Road, Meadfoot Grange Meadfo…Let2b£1,200/moMay 2026
- Lower Warberry Road, TORQUAY, TQ1Let2b£1,200/moMay 2026
- Teignmouth Road, TORQUAY, TQ1Let2b£1,200/moMay 2026
- Babbacombe Road, Ocean View, TQ1Let2b£1,150/moMay 2026
- Babbacombe Road, Torquay, TQ1Let2b£975/moMay 2026
Other deals nearby
TQ1 · ±25% priceNo other nearby investment deals matched on postcode prefix + bedrooms.
Listing metaonthemarket · Absolute Sales & Lettings - Wellswood
About this listing
87 days · OnTheMarketPrice history
5-year price trend
Monthly profit
+£1
Cash needed
£52K
Return after costs
0.03%
IRR
0.25%
Listed 87d ago
Ridgeway Road, Torquay, TQ1, Torquay, TQ1
flat · 2 bed · 1 bath
£120,000
est £1,061 · 10.61% gross
1 / 5
85/100
Strong
Real 10.61% — fundamentals work.
Stress Rent-covers-mortgage check PASS at 6.5% rate stress
10.61% Return before costs — above-market
Price
£120K
Return before costs
10.61%
est rent £1,061/monot enough comparablesRange £904–£1,245/mo (Q1–Q3)
Bedrooms
2
1 bath
Energy rating
—
Energy rating
Run the numbers
What-if calculator
Rates as of 20 May 2026Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £904–£1,245/mo · n=94
Financing
DepositYour cash in — the rest is the mortgage25% · £30,000
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£8,073–£15,070 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £90,000 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for sub-£200K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
+£1
after mortgage, operating costs & tax
Rent in£1,061/mo gross
£1,020/mo collected · £41/mo lost to voids
Where it goes
£488Mortgage£531Costs
£1/mo left as profit · 0% of rent kept
Mortgage£488
Costs£531
Management£106
Maintenance£67
Insurance£20
CapEx reserve£53
Voids + council tax£6
Service charge + ground rent£175
Ltd co. accounts£104
Tax£0
Profit+£1
Returns
Return before costs on price10.61%
Cash return on cash0.03%
Gross margin£489
Cash needed£51,564
Monthly profit payback100+ yrs
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress2.09
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Short-let (SA) context267 active short-lets nearby
Short-let market context
- 267 active short-let listings in this postcode
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £12,732 | £6,372 | £5,850 | £0 | £97 | £413 | £413 |
| Year 2 | £13,114 | £6,563 | £5,850 | £0 | £133 | £568 | £981 |
| Year 3 | £13,507 | £6,760 | £5,850 | £0 | £171 | £727 | £1,708 |
| Year 4 | £13,913 | £6,963 | £5,850 | £0 | £209 | £891 | £2,599 |
| Year 5 | £14,330 | £7,172 | £5,850 | £0 | £249 | £1,059 | £3,658 |
Rent by the room upside
What we verified
2307
Legal & planning▾
Article 4HMO restriction lookupUnknown
Rent by the room licensingMandatory if 5+ unrelatedN/A
TenureTenure typeLeasehold
HeritageListed building / conservation areaNot stated on the listing
Building condition▾
EPCPostcode estimate — check the registerNot stated on the listing
EWS1External wall safety (cladding)Not stated on the listing
Refurb costBased on beds + baths + sqftEstimate available
Area▾
Crimepolice.uk · monthlyChecking…
SchoolsGIAS · OfstedChecking…
FloodEA Flood Map · England onlyChecking…
Investor profile▾
Tenant profileBeds + postcode heuristicFamily let
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 miLoading nearby sold…
Location & transport
Tax & exit
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£1,170
Annual rental tax£4
CGT yr 5£0 · company level
5y net total£3,658
Acquisition costs
25% deposit£30,000
Stamp duty£6,000
Refurb£10,764
Legal + survey£2,000
Mortgage + broker£2,800
Cash needed£51,564
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
Make an offer
Pro analysis — outcome range, stress tests & portfolio impact
Your notes
Description& agent copyOnTheMarket
48 Ridgeway Heights, Ridgeway Road, Torquay, TQ1 2ND
New to the market is this spacious upper floor apartment, forming part of the well-established Ridgeway Heights development on sought-after Ridgeway Road. Occupying a commanding elevated position above Torquay, the building enjoys a striking setting, with the apartment itself benefiting from sea views from selected aspects and lift access to all floors. Available to purchase straight away with no onward chain.
Access is v…
Floor plans
Listing
Sources: Rightmove · HM Land Registry · Ofsted · EA Flood Zones
Estimates not financial advice
Estimates not financial advice