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See how verdicts work2-bedroom flat · TQ3 2HL
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description The property is accessed via a shared entrance, which is only shared with one other apartment, providing a more private and peaceful feel from the outset.
The apartment itself is well maintained throughout and would make an ideal first-time purchase, permanent home or investment opportunity.
Upon entering, the hallway provides access to all principal rooms.
The accommodation comprises two generous double bedrooms, providing excellent space for a couple, small family or those requiring a guest room or home office.
The open-plan living/dining room provides a lovely central space within the home, offering plenty of room for both comfortable seating and dining.
The room is bright and welcoming and provides a versatile space for relaxing and entertaining.
There is also a separate modern kitchen, fitted with a range of contemporary units and work surfaces, along with a modern shower room.
A particular feature of this apartment is the private sunny garden.
The garden has been thoughtfully sectioned into different areas, including an artificial grass section which provides an ideal spot to sit and enjoy the sunshine.
The outdoor space offers a rare and valuable addition to apartment living and provides plenty of potential for seating, entertaining or simply enjoying the warmer months.
The property also benefits from a 50% share of the freehold and a lengthy lease, offering an attractive ownership arrangement for prospective buyers.
Location is a major highlight, with the property situated on Torquay Road in Preston, an area well known for its excellent selection of amenities and coastal lifestyle.
Preston is home to beautiful beaches, green open spaces, pay-and-display parks, cafés, restaurants and a variety of local shops, all within easy reach.
Paignton town centre and the seafront are also just a short walk away, providing access to a wider range of shops, leisure facilities and everyday amenities.
There are excellent transport links nearby, with regular connections towards Torquay and Brixham, as well as the surrounding areas, making this an ideal location for those looking to enjoy everything the English Riviera has to offer.
A fantastic opportunity to acquire a modern ground floor apartment with two double bedrooms and its own private sunny garden, in a highly convenient Preston location.
Council Tax Band: A Tenure: Leasehold Agency Notes No management company 993 years remain 50% share of freehold with A Pets allowed btl allowed Holiday let allowed Kitchen (10.33' x 10.47') Lounge (10.33' x 15.42') Bedroom (7.09' x 10.24') Bedroom (11.02' x 12.34') Shower Room (5.41' x 6.63')
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 255B Torquay Road, Paignton
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