2-bedroom flat · TQ3 2HR
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the ever-popular Preston area of Paignton, this well-presented two-bedroom first floor flat offers an excellent opportunity for first-time buyers, investors, or those seeking a convenient coastal home.
Ideally located within easy reach of Preston seafront, an array of local shops, cafes, and amenities, as well as excellent public transport links, the property combines comfort with convenience.
The accommodation comprises a welcoming entrance hall leading to a bright and spacious lounge, featuring a bay window that allows an abundance of natural light to flood the room.
The fitted kitchen provides ample storage and workspace, while the well-appointed bathroom serves the property.
There are two bedrooms, including a generous principal bedroom and a versatile second bedroom, ideal for use as a guest room, home office, or nursery.
The property's fantastic location means the beautiful Preston Beach and seafront promenade are just a short distance away, offering scenic walks and leisure opportunities.
Regular bus services and nearby transport links provide easy access to Paignton town centre, Torquay, and the surrounding South Devon coastline.
The property has previously been affected by smoke/fire damage and will require remedial works and refurbishment.
This has been reflected in the asking price and offers purchasers an opportunity to add value and personalise the accommodation to their own specification.
Interested parties are advised to make their own enquiries and inspections regarding the extent of any works required.
Early viewing is highly recommended to appreciate the accommodation and superb location on offer.
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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
FAQ
About Manor Road, Paignton, Devon, TQ3
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