We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · TQ3 3UJ
Listing removedListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a popular residential area, with local amenities close-by including the local Spa, together with Morrisons, Asda & Sainsburys Supermarkets all close at hand.
There is also a local bus route. The property is situated on the edge of Paignton, being within easy reach of the Torbay Ring Road.
This one bedroom end of terrace house is offered for sale in great order, having been well cared for by the current owner for the past four decades.
Arriving at the property, there is a communal path with a gravelled front garden and open views, with a couple of shallow steps leading to the front door entrance.
There is access around the side of the property which leads to the rear garden and a set of communal steps to the garage block which is conveniently situated, with the property having an allocated garage.
Heading inside, there is an entrance porch leading into an entrance lobby, with doors to the modern fitted kitchen and a cozy lounge with open views.
There is a useful under stairs storage cupboard and stairs rising to the first floor.
The first floor landing features a window with a pleasant outlook and doors to the double bedroom, again with open views and a spacious shower room/W.C with a large shower enclosure and an airing cupboard.
The rear garden is enclosed and arranged for ease of maintenance with tiers and flower borders with inset shrubs and bushes. The garden also benefits from being south facing.
An internal viewing is highly recommended. An internal viewing is highly recommended to appreciate the accommodation on offer.
Council Tax Band: A (Torbay Council) Tenure: Freehold Entrance Set on a raised path shared with other properties with a gravelled front garden and a couple of shallow steps leading up to the front door, opening into Entrance Porch Power and light, one step up and door into Entrance Lobby Central heating radiator, power points, stairs rising to first floor, large understairs cupboard with space for storage.
Doors to Lounge PVCu double glazed window to front featuring open and distant countryside field views, central heating radiator, power points, space for small table and chairs.
Kitchen PVCu double glazed window to rear overlooking the rear garden, modern range of wall and base fitted kitchen units with integrated single oven, four ring gas hob with extractor hood above, tiled splashback, range of power points, space and plumbing for washing machine and space for further under counter appliance, central heating radiator, breakfast bar area, stainless steel sink unit inset to work surfaces.
First Floor Landing Power points, PVCu double glazed window to side with a pleasant outlook.
Doors to Double Bedroom PVCu double glazed window to front featuring open and distant countryside field views, central heating radiator, power points, ample space for wardrobes.
Shower Room/WC Spacious shower room with part tiled walls, central heating radiator, built in cupboard with slatted shelving housing the gas boiler.
White suite comprising a double shower enclosure with glass sliding doors and mains shower over, close coupled W.C and large wash hand basin inset to vanity unit cupboard, PVCu double glazed obscure window, extractor fan to ceiling, central heating radiator, access to loft.
Outside To Front The front garden is gravelled with a couple of shallow steps to the front door. Access to side.
Outside To Rear The rear garden features a southerly facing and sunny aspect throughout the day.
The garden is laid for ease of maintenance being tiered with steps up to the remainder of the garden with inset flower borders with shrubs and bushes and space for a washing line.
There is an outdoor cupboard with electric consumer unit, electric meter and gas meter and bin storage space.
To the side of the property there is a communal pathway with steps leading up to a block of garages. This property has its own allocated garage.
Garage Located in a nearby block within walking distance of the property with a manual up and over door. Tenure - Freehold Council Tax Band: A (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.
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FAQ
About 114 Waterleat Avenue, Paignton
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