3-bedroom property · TQ3 2RW
For saleListed 778 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great residential investment/development opportunity to acquire this detached building consisting of 4 x apartments, along with a large 3-bedroom lodge, set in an ideal, tree-lined location within Paignton, Devon.
Due to the good accommodation on offer, there is rarely much movement of tenants.
Situated within the beautiful town of Paignton, with low overheads and ample parking for all, this is an opportunity not to be missed. Early viewings are highly recommended.
Paignton is one of the UK's most popular holiday destinations, with a good year-round trade and a busy residential population.
It is only a short distance from Dartmouth and Brixham, and equidistant to the cities of Plymouth and Exeter, with its international airport, mainline train station, and the M5 motorway.
Situated on St Andrews Road, the property is located just a short walking distance from the picturesque Marina and Harbour, which is a level walk along the Esplanade with lovely sea views.
This property has been successfully owner-operated for many years, together with a local agent who, when required, obtains new tenants for the owner.
The passive income is impressive, and due to the low overheads, the subsequent net profits are very good too.
This turnkey investment offers much higher returns than a bank and not to mention the capital growth! Actual trading accounts will be made available following a successful formal viewing.
ACCOMMODATION COMPRISES HOLLY LODGE 4 x self-contained apartments. HOLLY COTTAGE 1 x three-bedroom lodge. FIXTURES AND FITTINGS All trade fixtures and fittings will be included in this sale.
A full inventory will be provided prior to the exchange of contracts. No testing of these fixtures or any appliances has been undertaken by the agents, Ware Commercial.
SERVICES Mains gas, electricity, water, broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.
All services have been separated apart from the water, which is included in the tenants' rent. COUNCIL TAX Please make enquiries on the local valuation website (VOA).
TENURE Freehold (the property is offered tenanted and both Holly Cottage and Holly Lodge are on separate titles or can be put together subject to exchange of contracts, if required).
VIEWINGS All viewings and enquiries are to be made through the agents, Ware Commercial. TEL. or Email: Website:
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
Agent & docs
FAQ
About Preston Down Road, Paignton, Devon, TQ3
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