1-bedroom flat · TQ3 2BB
Sold STCListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY DESCRIPTION A spacious one bedroom retirement flat, situated just off behind Victoria park and close to own centre and seafront.
The property is in good order and should be viewed to be appreciated. The accommodation comprises:- Entrance door to:- HALL Coved ceiling, spacious airing cupboard with hot water tank.
LOUNGE/DINING AREA - 5.66m x 3.4m (18'7" x 11'2" reducing to 7'2") Coved ceiling, fitted electric fire and hearth, electric heater, uPVC double glazed window, meters cupboard.
This room enjoys a pleasant open outlook.
KITCHEN - 2.69m x 2.21m (8'10" x 7'3") Range of wall base and drawer units comprising work surface with inset stainless sink unit, cupboards and drawers under.
Fridge, inset electric hob with cooker hood over, freezer, integrated oven, uPVC double glazed window.
BEDROOM - 4.75m x 2.77m (15'7" max x 9'1") Coved ceiling, electric heater, uPVC double glazed window, fitted wardrobes with mirror fronted doors.
SHOWER ROOM White suite comprising shower cubicle with shower unit, wash hand basin set in vanity unit with cupboards under, close coupled WC, tiled walls, extractor fan, heated towel rail.
MATERIAL INFORMATION Tenure: Leasehold. Length Of Lease: 125 years from 1/6/2004. Ground rent: £1 per annum. Monthly maintenance: £2,141.65 per 6 months.
AGENTS NOTES These details are meant as a guide only. Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc.
Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale.
Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed.
We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.
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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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 Polsham Park, Paignton
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