1-bedroom house · TQ4 5JT
Listing removedListed 323 days
Opportunity summary
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About
Description Situated on the edge of Goodrington, being extremely well situated for Goodrington Beach located just across the road from the property, as well as being a short distance away from Paignton town centre, and being on an extremely good regular bus route, giving access to the town as well as nearby towns of Brixham, Torquay & Newton Abbot.
This top floor flat is offered for sale with no onward chain, being situated in a popular retirement block in Goodrington.
The flat is accessed via a communal entrance with two flights of stairs leading to the top floor. There is no lift access.
Once inside the flat, there is an entrance hallway with two good size storage cupboards, good-size lounge, fitted kitchen, one double bedroom and bathroom/W.C.
An internal viewing is highly recommended. Council Tax Band: B (Torbay Council) Tenure: Leasehold (125 years) Entrance Communal entrance with stairs leading up to the top floor. Door to flat 51.
Entrance Hall Electric fuse boards to wall, night storage heater, intercom buzzer system, emergency pull cord system, two built-in cupboards with space for storage and shelving and housing the immersion cylinder, power points.
Doors to Lounge PVCu double glazed windows, night storage heater, power points, emergency pull cord.
Kitchen Wall and base kitchen units, integrated single oven and four ring electric hob, stainless steel sink unit inset to work surfaces, PVCu double glazed window, power points, electric wall heater, space for under counter appliances, emergency pull cord.
Bedroom Double bedroom with PVCu double glazed window, electric panel heater, emergency pull cord, space for wardrobes, power points.
Bathroom/W.C PVCu double glazed obscure window, electric wall heater, coloured suite with pedestal wash hand basin, panelled bath with electric shower over, low level flush W.C, part tiled walls, emergency pull cord.
Outside There is a communal lounge and laundry room shared by all residents and the added benefit of residents parking. Agents Note There is no lift access to the property.
Tenure - Leasehold The seller has provided the following information: Length of Lease - 125 years from 1986 Maintenance Charge - £156.67 per month - To include building insurance, window cleaning, external maintenance of gardens, lighting, communal areas.
Ground Rent - £10 per annum Management Company - Sanctuary Housing Assured Shorthold Tenancy - Yes Holiday Letting - No Pets - With permission but not to be replaced Minimum age 60 years Council Tax Band: B (Torbay Council)
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
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FAQ
About 51 Pebble Court, Paignton
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