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See how verdicts work2-bedroom flat · TQ3 3EB
For saleListed 432 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property description A beautifully presented two bedroom first floor flat situated within a private gated development in Paignton town.
The property is being sold as a shared ownership with a 50% share.
The flat comprises of a welcoming entrance hallway, a modern and spacious kitchen/diner/lounge, two double bedrooms, a contemporary shower room and communal gardens.
The flat is just a stones throw from an array of shops, bus and train station, Paignton beach, doctors and pharmacies, schools and much more.
Entrance A composite front door opening into a wide and welcoming entrance hallway with doors leading to the adjoining rooms, a deep fitted storage cupboard, overhead lighting and a gas central heated radiator.
Kitchen/diner/lounge - 6.25m x 3.66m (20'6" x 12'0") A beautifully modern and spacious open plan kitchen/diner/lounge perfect for modern day living with the kitchen area boasting a range of overhead, base and drawer units with roll edged work surfaces above.
A 1 bowl stainless steel sink and drainer unit, an electric oven with grill integrated and a four ring induction hob with extractor hood above.
Space and plumbing for a washing machine and fridge freezer and complimentary tile backsplash.
The living/dining area enjoys space for ample furniture, a feature electric fireplace, tv and internet points, double aspect upvc double glazing with two Juliet balconies overlooking the outdoor communal space and an electric radiator.
Bedroom one - 3.94m x 2.99m (12'11" x 9'9") An exceptionally sized master bedroom boasting space for ample furniture.
Tv point, upvc double glazed french doors opening out onto the Juliet balcony and an electric heated radiator.
Bedroom two - 3.92m x 1.97m (12'10" x 6'5") A further generously sized double bedroom with a upvc double glazed window and an electric radiator.
Shower room A contemporary shower room comprising of a low level flush WC, a pedestal wash hand basin and a corner shower unit.
Extractor fan, complimentary PVC panelled walls, a upvc obscure double glazed window and a chrome heated towel rail. Outside Communal gardens with a decking area and patio area for all to enjoy.
Agents note- Please not that this is a shared ownership sale and a 50% share is being sold. Material information Leasehold. 120 year lease. £392.00 per month service charge.
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
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
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FAQ
About 16 Bishops Place Apartments, Bishops Place, Paignton
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