1-bedroom flat · TQ3 2TX
For saleListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the popular retirement development of Richmond Court, this well-presented first floor apartment is available to residents aged 60 and over and offers comfortable, low-maintenance living in a pleasant and sociable environment.
Description Richmond Court is set within attractive communal gardens and benefits from a charming enclosed courtyard with seating areas and a feature fish pond, providing a peaceful space for residents to relax and enjoy.
Additional communal facilities include a residents’ lounge, well-maintained gardens, communal parking and the added reassurance of an on-site house manager.
The apartment itself comprises a bright lounge, fitted kitchen, double bedroom and modern shower room.
Conveniently positioned close to the communal courtyard, the property enjoys easy access to the attractive outdoor seating area and tranquil pond setting.
Location Located within a well-regarded residential neighbourhood, the property is conveniently positioned close to Oldway Mansion and its surrounding gardens.
A variety of everyday amenities are available nearby, including local shops, a Sainsbury’s supermarket and regular bus links providing easy access into Paignton.
Further facilities can be found in nearby Preston, including additional shopping options, a doctors’ surgery and a sub post office.
Directions What3words://tulip.ruler.deny Material Informaton Leasehold Property Lease From 25th March 1984 On a 99 Year Lease No Ground Rent/Peppercorn To The Sellers Knowledge Service Charge - £233.94pcm Including Insurance, Upkeep Of Communal Areas & Gardens Management Company - Sanctuary Council Tax Band - B (Torbay Council) Parking On A First Come First Serve Basis Communal Gardens With 1 TPO Services - Water & Electric
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 31 Richmond Court,, Oldway Road, Devon
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