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See how verdicts work1-bedroom house · TQ3 2BB
Listing removedReduced £8.1k (−10.3%) on 20 JunListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a popular residential area, being extremely well situated for Paignton town centre, with its amenities and shops, together with good transport links by rail and bus/coach.
Located near to Victoria Park, together with Paignton beach and seafront being extremely close at hand.
A purpose built retirement flat located on the top floor with stairs and a lift facility to all floors.
The flat comprises of an entrance hallway, lounge/dining room, fitted kitchen with integrated oven and hob, bedroom and bathroom/W.C.
There is residents parking on a first come, first serve basis, with lawned communal grounds.
The retirement complex offers a communal residents lounge with kitchen area and also residents laundry room.
Council Tax Band: C (Torbay Council) Tenure: Leasehold (103 years) Communal Entrance Stairs and lift to second floor. Door to flat 35.
Entrance Built-in cupboard housing electric consumer unit and meter, further built-in cupboard with slatted shelving and good space for storage housing the hot water cylinder, emergency pull cord system.
Doors to Lounge/Dining Room Emergency pull cord, fireplace with electric fire, power points, night storage heater, PVCu double glazed windows with an open aspect, double doors leading into Kitchen Wall and base kitchen units, four ring electric hob with extractor above, PVCu double glazed window, electric wall heater, emergency pull cord, space for under counter appliances, integrated electric oven, power points.
Bedroom Emergency pull cord, PVCu double glazed window, night storage heater, fitted wardrobes with mirror fronted doors, power points.
Bathroom/W.C PVCu double glazed obscure window, fully tiled walls, electric towel rail, wash hand basin, W.C, panelled bath with electric shower and glass screen over, extractor fan.
Tenure - Leasehold Length of Lease - 125 Years from 1st June 2004 Maintenance Charge - £2,372.92 half yearly Ground Rent - tbc Length of Lease - 125 years from 1st June 2004 Management Company - E & M Management and First Port Residents must be 55 years or over The Retirement Complex also offers: - A Development Manager living on site.
- 24 hrs Appello Emergency call system. - Security Entry System on outer doors. - Full Fibre Broadband connected to each flat. - Guest Suite for visitors.
- Multiple optional organised activities for residents throughout the year. - Electric Charging points & parking for mobility scooters. Council Tax Band: C (Torbay Council)
Value & comps
No previous sales on record.
Returns
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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 35 Albany Court, Paignton
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