1-bedroom bungalow · TQ3 2BG
For saleReduced £10k (−8%) on 12 OctListed 438 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated just off Paignton Seafront, being extremely well situated for all the local shops and amenities of Paignton town centre.
In a level location close to the beach and level walk to good transport links, with the bus/coach station and railway station being close at hand.
This purpose built retirement complex has a total of 32 apartments being offered to residents of 60 years of age and over.
There are some communal facilities, such as a communal lounge, laundry room and the lovely well maintained communal lawned gardens and courtyard.
There is also a lift on site and also communal parking on an as and when basis. The accommodation consists of an entrance lobby with doors to the kitchen and lounge.
There are further doors leading to the shower room/W.C and a bedroom with fitted wardrobes. Outside of the front, the bungalow benefits from having a small courtyard with inset bushes.
There are also communal gardens surrounding the complex. An internal viewing is highly recommended to appreciate this unique property, offered for sale with no onward chain.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (156 years) Entrance PVCu door leading into Entrance Lobby Cupboard housing electric consumer unit, fuse board and electric meter, emergency pull cord system, power point.
Doors to Lounge PVCu double glazed window to front, night storage heater, range of power points, TV aerial point.
Kitchen PVCu double glazed window overlooking communal gardens, stainless steel sink unit inset to work surface, range of wall and base fitted kitchen units, space for electric cooker, power points.
Inner Lobby Bifold door into airing cupboard with slatted shelving housing the immersion tank.
Door to Shower Room/WC Electric panel heater, extractor fan, walk-in shower with glass screen and electric shower over, W.C, pedestal wash hand basin.
Bedroom PVCu double glazed window to front, emergency pull cord, electric panel heater, built-in wardrobes with sliding mirrored doors, power points.
Tenure - Leasehold Length of lease - 199 years from 27th March 1986.
Maintenance Charge - £2,520 per annum increasing to £3,000 per annum in January 2026 - To include building insurance, water rates, external maintenance, caretaker.
Freeholder - o'Dwyer properties Management Company - o'Dwyer properties Assured Shorthold Tenancy allowed Domestic pets allowed No Holiday letting Minimum age 60 years old Communal lounge for residents Communal laundry room Council Tax Band A (Torbay Council)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About The Bungalow, 32 The Coach House, Paignton
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