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See how verdicts work1-bedroom flat · TQ3 1LH
Sold STCListed 383 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular residential area of Preston, with easy access to the Torbay Ring Road, giving access to the A380 and the M5 to nearby towns and cities.
The busy suburb of Preston is close at hand, with many local shops and amenities, including the doctors surgery and sub post office.
There is also a main bus service giving access to nearby towns of Paignton, Torquay and Newton Abbot.
The accommodation briefly comprises its own private entrance, with door leading into the entrance hallway, with downstairs cloakroom and storage cupboard.
There are stairs rising to the first floor landing, with doors to the open plan lounge/kitchen with Juliet balcony, one large double bedroom, bathroom/W.C. and storeroom.
The property features an allocated parking space to the front, with the added benefit of being recently decorated throughout. An internal viewing is recommended.
Council Tax Band: C (Torbay Council) Tenure: Leasehold Entrance Level approach with four steps up to the front door, obscure composite door leading into Entrance Hallway Central heating radiator, power points, under stairs area with space for storage, stairs rising to first floor.
Door to Downstairs Cloakroom PVCu double glazed obscure window, pedestal wash hand basin, close coupled W.C., central heating radiator, extractor fan to ceiling, built-in cupboard with hanging rail for clothes.
First Floor Landing Central heating radiator, three roof windows, power points.
Doors to Lounge/Kitchen Kitchen area: Fitted range of wall and base kitchen units with integrated four ring ceramic hob and stainless steel extractor over single oven, range of power points, seating area with PVCu double glaze window to front, space for under counter appliances, one and a half bowl sink unit inset to work surfaces, and roof window to rear.
Door into further eaves storage.
Lounge area: Two roof windows, power points, two central heating radiators, and PVCu double glazed patio doors and side windows opening to a Juliet balcony with partial sea views to the left.
Bedroom Large bedroom with PVCu double glazed window to front, obscure window to side and roof window to rear, door into eaves storage, central heating radiator, power points.
Bathroom/W.C Roof window, central heating towel radiator, panelled bath with glass screen and shower over, close coupled W.C, pedestal wash hand basin, LED mirror.
Storeroom Obscure window, gas boiler to wall, door into storage consumer unit, space and plumbing for washing machine, power points, lighting.
Outside To the front, there is a level approach before steps, which lead up to the front door. There is an allocated parking space to the front of the property.
Tenure - Leasehold Length of Lease - 125 years from 1st April 2012 Owns 1/3 share of the Freehold Maintenance Charge - £94.12 per month to include building insurance, outside maintenance of building and communal areas Assured Shorthold Tenancy allowed Pets allowed with permission Council Tax Band: C (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
Agent & docs

FAQ
About Southfield Avenue, Preston, Paignton
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