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See how verdicts work2-bedroom flat · TQ3 3GR
Listing removedListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated on the outskirts of Paignton, being within easy reach of Torbay Ring Road, to nearby towns and cities.
There are Primary & Secondary schools close at hand, together with good shopping outlets nearby including Morrisons, Asda, and Sainsburys, together with local bus routes nearby.
Located on the top floor, Flat 47 is accessed via a communal entrance with stairs rising to all floors. The entrance hall includes a built-in cupboard housing the hot water cylinder.
The lounge is a spacious room with a double glazed window to the front, a night storage heater, TV aerial point and power sockets.
The kitchen is fitted with a range of modern wall and base units with work surfaces incorporating a stainless steel sink.
There is an integrated oven with ceramic hob and extractor hood, along with space and plumbing for a washing machine and space for a fridge/freezer. A rear-facing window enjoys an open outlook.
There are two bedrooms, both with double glazed windows, night storage heaters and power points.
The main bedroom enjoys distant countryside views to the front, while the second bedroom overlooks the rear.
The bathroom comprises a panelled bath with shower attachment over, wash hand basin and low-level flush W.C.
There is also an obscure double glazed window, extractor fan, shaver point and electric wall heater.
Outside, there is an allocated parking space for one vehicle to the rear of the building, together with a communal drying area shared with other residents.
Council Tax Band: B (Torbay Council) Tenure: Leasehold (972 years) Ground Rent: Service Charge: Communal Entrance Steps up to communal front door, with further door leading to rear of building giving access to parking.
The top floor serves door to flat 47. Entrance Hall Electric consumer unit to wall, power points, built-in cupboard housing hot water cylinder.
Doors to Lounge PVCu double glazed window to front, night storage heater, power points, TV aerial point.
Kitchen Wall and base modern fitted kitchen units, integrated single oven, four ring ceramic hob, concealed extractor above, space and plumbing for washing machine, space for fridge/freezer, PVCu double glazed window to rear with an open outlook, stainless steel sink inset to work surfaces.
Bedroom 1 PVCu double glazed window to front with distant countryside views, night storage heater, power points.
Bedroom 2 PVCu double glazed window to rear with open outlook, night storage heater, power points. Bathroom/W.C.
PVCu double glazed obscure window, panelled bath with shower attachment over, low level flush W.C, work surfaces with inset wash hand basin, shaver point, electric wall heater, and extractor fan to wall.
Parking Outside to rear, there is an allocated parking space for one vehicle and a communal drying area shared with residents of the building.
Tenure - Leasehold The seller has informed us of the following:- Length of Lease 999 years from 1st April 1999 with 972 years remaining.
Ground Rent: £51.67 half yearly Maintenance Charge: £1197.73 half yearly to include building insurance, maintenance of communal areas, landscaped areas, general repairs, accounting management.
Maintenance Company - First Port Council Tax Band: B (Torbay Council)
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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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 47 Earlswood Drive, Paignton
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