2-bedroom flat · TQ3 3RN
Sold STCReduced £5k (−7.7%) on 31 JulListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a convenient location in Paignton, this two-bedroom first-floor flat presents an excellent opportunity for investors, first-time buyers, or anyone looking for a refurbishment project with the potential to add value.
The accommodation comprises a bright living room, a separate fitted kitchen, two bedrooms, and a bathroom.
The property requires modernisation throughout, offering purchasers the opportunity to update and personalise the accommodation to their own specification.
Conveniently positioned close to Paignton town centre, local shops, schools, and public transport links, the property is also within easy reach of the seafront and a range of local amenities.
Offering excellent potential in a sought-after coastal town, this property would make an ideal investment or affordable home once refurbished.
Council Tax Band: A Tenure: Freehold Living Room (15.00' x 10.75') A well-proportioned living room featuring carpet flooring and a large PVC double-glazed window overlooking the front aspect, allowing for plenty of natural light.
The room benefits from an electric fireplace, approximately four to five power sockets, and an archway providing open access into the kitchen.
Kitchen (0.75' x 6.17') Fitted with a range of matching wall and base units, incorporating a stainless steel sink with drainer.
The kitchen includes a freestanding electric cooker, plumbing for a washing machine, and a combi boiler (installed in 2017).
A PVC double-glazed window overlooks the rear aspect, providing natural light and ventilation.
Bedroom 1 (12' x 9') A comfortable double bedroom with carpet flooring and a large PVC double-glazed window overlooking the front aspect. The room also benefits from two power sockets.
Bedroom 2 (10.00' x 5.25') A single bedroom featuring carpet flooring, a large PVC double-glazed window overlooking the rear aspect, a single radiator, and power sockets.
Bathroom (6.42' x 5.50') Fitted with a panelled bath with electric shower over, a wash hand basin, and a low-level WC. The room also benefits from lino flooring and a single radiator.
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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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 advisors 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 55 Merrit Flats, Paignton
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