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See how verdicts work3-bedroom flat · TQ3 1DS
Listing removedListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Viewing block Friday 13th February 4PM - 5.30PM by appointment only A unique opportunity to purchase a large three bedroom apartment in a quiet area where apartments are few and far between.
The property is in need of complete refurbishment and has been priced to reflect this. It comprises three bedrooms, a large living/dining room, kitchen and family bathroom.
It is offered for sale chain free. Entrance Hall Double glazed door. Living/Dining Room (9' 9'' x 20' 7'' (2.97m x 6.27m) max) Double glazed window. Kitchen (8' 4'' x 7' 7'' (2.54m x 2.31m)) Skylight.
Wall and base units. Fitted work tops. Sink with drainer. Space for oven. Bedroom One (8' 3'' x 13' 5'' (2.51m x 4.09m)) Double glazed window.
Bedroom Two (9' 8'' x 10' 6'' (2.94m x 3.20m)) Double glazed window. Bedroom Three (5' 10'' x 12' 3'' (1.78m x 3.73m)) Double glazed window. Bathroom Panelled bath with shower over. Low level WC.
Wash hand basin. Skylight.
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
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FAQ
About 115A, Preston Down Road, Paignton
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