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 3DN
Listing removedReduced £10k (−13.3%) on 7 SepListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description To be sold at auction on Tuesday 18th August with 24/7 auctions.
Situated in a convenient location, with good access to the Torbay Ring Road as well as being on a local bus route, with a local convenience store in a nearby road.
The property is also within easy access to local supermarkets and primary and secondary schools.
This ground floor flat benefits from its own private entrance and offers spacious, versatile accommodation arranged over two levels.
The property comprises a lounge, fitted kitchen and a double bedroom on the entrance level.
The lower ground floor provides two useful basement rooms, a family bathroom and under house storage, offering flexible space to suit a variety of needs.
Further benefits include gas central heating and double glazing. An internal viewing is recommended.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (59 years) Entrance Access to side of property, own private PVCu double glazed obscure door leading into Entrance Hall Power points, stairs leading down to the lower ground floor, doors to Lounge PVCu double glazed bay window to front, central heating radiator, power points.
Kitchen Range of wall and base fitted kitchen units, space for cooker with concealed extractor above, full size dishwasher, integrated space and plumbing for washing machine.
Space for tall fridge/freezer, tiled splashback, tilt’n’turn window to rear, gas boiler to wall. Double Bedroom Tilt’n’turn window to rear, power points.
Lower Ground Floor Door into under house storage, central heating radiator, power points. Doors to Basement Room 1 Tilt’n’turn window, central heating radiator, power points.
Basement Room 2 Tilt’n’turn window, central heating radiator, power points. Bathroom/W.C. Bath with shower attachment over, extractor fan to wall, close coupled W.C, pedestal wash hand basin.
Outside Property is accessed at the side with its own private entrance.
Tenure - Leasehold Length of Lease - 99 years from 13th January 1986 Maintenance Charge - On an as and when basis Council Tax Band: A (Torbay Council)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About Flat B, 15 The Greebys, Paignton
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