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See how verdicts work2 × 2-bed flat · TQ4 6EG
For saleListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial Freehold Investment Arranged as 6 Self-Contained Flats. Fully Let Producing an Income of Circa £57,000 Per Annum.
The property is situated in a highly desirable coastal position within Paignton, just 100 yards from the seafront, beach and pier, and a short, level walk to the town centre.
Paignton is a popular seaside destination, particularly attractive to families due to its long sandy beach and traditional pier offering amusements and attractions.
The nearby towns of Brixham (approximately 4 miles) and Torquay (approximately 3 miles) further enhance the appeal, making this an excellent location for both tenants and investors seeking a strong rental market driven by tourism and local amenities.
This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let.
The building has been thoughtfully arranged to provide a mix of accommodation, appealing to a broad tenant base and ensuring consistent occupancy.
The property comprises three studio apartments, one one-bedroom apartment, one two-bedroom apartment and a spacious two-bedroom split-level apartment (Flat 6) with its own private entrance and exclusive use of the rear garden.
Each unit is self-contained including kitchen facilities and shower rooms. The majority of apartments benefit from uPVC double glazing and electric heating.
The building is served by gas central heating via two boilers, with the landlord supplying hot water and heating. Externally, there is off-road driveway parking to the front of the property.
COMMUNAL AREAS Communal entrance hall with access to 5 flats, fire alarm system and stairs to upper floors. FLAT 1 – STUDIO Open plan living/kitchen/bedroom with fitted kitchen area.
Separate shower room. FLAT 2 – STUDIO Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
FLAT 3 – STUDIO Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
FLAT 4 – ONE BEDROOM APARTMENT Lounge/kitchen, one bedroom and bathroom with bath and shower attachment. FLAT 5 – TWO BEDROOM APARTMENT Lounge/kitchen, two bedrooms and shower room.
FLAT 6 – TWO BEDROOM SPLIT-LEVEL APARTMENT Own private entrance. Arranged over split levels with lounge, kitchen, two bedrooms, shower room and additional cloakroom. Private rear garden.
OUTSIDE Driveway parking to the front with space for 3 vehicles. Enclosed rear garden allocated to Flat 6. TENURE Freehold, subject to the 6 residential ASTs.
RENT SCHEDULE Flat 1 - £675 pcm. Flat 2 - £675 pcm. Flat 3 - £675 pcm. Flat 4 - £790 pcm. Flat 5 - £915 pcm. Flat 6 - £1,045 pcm. Gross Monthly - £4,775. Gross Annually - £57,300.
EPC Flats 1 & 3 – C. Flat 2 – B. Flats 4, 5 & 6 – D. COUNCIL TAX All apartments are Band A (Torbay Council).
LEGAL COSTS Each party will be responsible for their own legal costs unless expressly agreed otherwise.
VIEWING Is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths. Tel. .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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