2-bedroom flat · TQ3 2DB
Sold STCListed 281 days
Opportunity summary
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About
Situated in a cul-de-sac location in the popular area of Preston, being conveniently situated on a regular bus route on the main Torquay Road, together with a good selection of local shops and amenities in the busy suburb of Preston, including a local Tesco, Sainsburys, Doctors surgery, and sub post office.
The local beaches at Preston and Paignton are also close at hand. This spacious ground floor flat is offered for sale in good order and is situated in the highly sought after area of level Preston.
The accommodation briefly comprises its own private entrance with an entrance hallway and doors to the lounge and two bedrooms.
The entrance hall and lounge has feature panelling to walls, with the lounge having inset LED mood lighting for a cosy feel.
The lounge opens to the kitchen/breakfast room with a vaulted ceiling and roof windows, with a sliding patio door out to the enclosed rear gardens. The modern bathroom/W.C.
is located off the kitchen with storage cupboards and a modern suite.
Outside to the front, there is an allocated parking space and access to the side leading to a large timber shed which has access through to the garden.
The rear garden is enclosed and has a patio slabbed area, with the remainder being laid to lawn and gravel chippings with surrounding flower borders.
There is a large timber shed which features power and lighting, with space for a washing machine and tumble dryer. An internal viewing is recommended.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (978 years) Entrance Level approach with two steps up to the front porch with own private entrance leading to Entrance Hallway Feature panelling to wall, central heating radiator, power points, spotlights to ceiling, built in under stairs cupboard with power point, gas boiler to wall and electric consumer unit.
Doors to Lounge Spacious room with feature panelling to wall and fitted units with inset LED lighting, central heating radiator, power points.
Opening to Kitchen/Breakfast Room Vaulted ceiling with two roof windows, spotlights to ceiling, PVCu double glazed sliding patio door leading out to the rear garden, space for dining table and chairs, contemporary central heating radiator, space for fridge/freezer, wall and base fitted kitchen units with integrated single oven, four ring ceramic hob with concealed extractor above, stainless steel sink unit inset to work surfaces, power points.
Door to Bathroom/W.C Modern bathroom with bath, shower over with glass screen, contemporary W.C with concealed cistern, wash hand basin inset to vanity unit with panelled splashback.
Contemporary black central heating towel radiator, extractor fan to ceiling, LED wall mirror above sink, built-in storage cupboards with shelving.
Bedroom 1 PVCu double glazed bay window to front, central heating radiator, power points, fitted cupboards functioning as wardrobes with hanging space.
Bedroom 2 PVCu double glazed window to side, central heating radiator, power points, recess with PVCu double glazed door leading to the side of the property.
Outside to Front The front driveway is laid to gravel chippings for ease of maintenance with flat nine having its own access to the side with a small parking space leading down to a timber shed which gives access into the garden.
Outside to Rear The private rear garden is enclosed and mainly level with two steps down to a patio slabbed area with space for seating and the remainder of the garden is laid to lawn and gravel chippings with flower borders surrounding.
Outside tap.
There is a timber shed which features power and light and gives access around to the front of the property which also has space and plumbing for washing machine and space for a tumble dryer.
Tenure - Leasehold Length of Lease - 978 years Maintenance - 50/50 on an as and when basis No ground rent First floor flat owns the freehold Pets allowed Council Tax Band - A (Torbay Council) Agents Note The property is undergoing a title change into a leasehold property.
Value & comps
No previous sales on record.
Returns
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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 Cedar Road, Preston, Paignton
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