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See how verdicts work1-bedroom flat · TQ3 2PL
For saleReduced £15k (−13%) on 15 OctListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular area of Preston, this one-bedroom ground floor apartment, together with the added benefits of off-road parking and a private front patio area, ideal for enjoying the warmer months.
Description Accessed via a communal entrance, the apartment briefly comprises an entrance hallway, a bright and spacious bay-fronted lounge/dining room allowing plenty of natural light, a rear-facing double bedroom, an internal bathroom, and a galley-style kitchen.
Offered to the market with no onward chain, this property presents an excellent opportunity for first-time buyers, downsizers, or investors alike.
Conveniently situated close to local amenities, transport links, and Preston town centre, an internal viewing is highly recommended to fully appreciate both the potential and location on offer.
Location Paignton is a seaside town on the coast of Torbay in Devon, England. Nestled between Torquay and Brixham it forms the Torbay area and is a holiday destination known as the English Riviera.
Attractions include Paignton Zoo and the Paignton and Dartmouth Steam Railway, which operates steam trains from Paignton to Kingswear, from where a ferry can be taken across the River Dart to Dartmouth and the South Hams.
The South Devon link road was opened in December 2015 and now provides easy access to Exeter, M5 and beyond.
Directions What3words://hats.means.keen Material Information Leasehold Apartment (All 4 Flats Hold Freehold) 999 Years From 29th September 2005 Maintenance Is As And When Needed No Chain (Currently Tenanted) Off Road Parking Services - Gas, Electric & Water Council Tax Band - B (Torbay Council)
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
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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
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FAQ
About Flat 1, 21, Morin Road, Devon
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