We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TQ3 3RN
Listing removedListed 363 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming flat features two well-proportioned double bedrooms and a modern, fully fitted kitchen designed for both functionality and style.
The spacious reception room is enhanced by large windows that fill the space with natural light, creating a bright and welcoming atmosphere throughout.
Perfectly suited to professionals or small families, the property offers comfortable and practical living.
As a freehold home, it also provides the benefit of no ground rent or service charges, ensuring long-term value and peace of mind for the new owner.
Ideally positioned, the flat enjoys easy access to local amenities, reputable schools, and convenient public transport links, making everyday life effortless.
Whether you're a first-time buyer seeking your first home or an investor looking for a smart addition to your portfolio, this property represents an exceptional opportunity.
To find out more or to arrange a viewing, please contact us today - your ideal home could be just a call away.
Council Tax Band: A Tenure: Freehold Communal Area From the Communal entrance take the stairs to the first floor where Flat 59 is located..
Living room 10.67ft x 14.67ft Large double-glazed UPVC window to the front aspect. Carpet flooring. Double radiator. Electric points. TV point.
Kitchen 6.0ft x 7.67ft Double-glazed UPVC window to the front aspect. A matching range of wall and floor units with work-surfaces over. Stainless-steel sink/drainer.
Plumbing and electric for a washing machine. Space for free-standing electric cooker. Vinyl flooring. Electric points. Hall Carpet flooring. Single radiator. Electric points.
Bedroom 1 Double-glazed window to the side aspect. Carpet flooring. Single radiator. Electric points, Bedroom 2 10.0ft x 10.25ft Double-glazed UPVC window to the rear aspect.
Cupboard housing the 'IDEAL' boiler. Single radiator. Carpet flooring. Bathroom Double-glazed obscured window to the side aspect. Low-level WC. Wall-mounted wash-basin.
Shower cubicle with electric shower. Single Radiator. Vinyl flooring.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About Merritt Flats, Totnes Road, Paignton
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