1-bedroom house · TQ3 2BG
For saleListed 696 days
Opportunity summary
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About
Description A ground floor retirement apartment in a convenient and accessible location with level access to Paignton Seafront.
Located just off Paignton sea front the Coach House is a development of well appointed apartments designed with the retired in mind.
There are 32 apartments located around a central courtyard with additional communal facilities.
The amenities of the town are nearby which include a varied range of day to day and high street shops, supermarkets, bus and railway stations, beaches and harbour.
The accommodation comprises a sitting room, kitchen, double bedroom, inner hallway with large storage cupboard/airing cupboard and a shower room/WC, communal facilities include parking on a first come first served basis, gardens, residents lounge, laundry and bin store.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (199 years) 199 years from 1982 Maintenance £153 pcm Entrance Covered entrance with light point and obscure glazed door to Sitting Room (3.15m x 4.50m) Coved ceiling with light points, smoke detector, night storage heater, window to front aspect, TV point, telephone point, emergency pull cord, door to inner hallway, door to Kitchen (1.65m x 2.18m) Coved ceiling with light point, fitted kitchen comprising a rage of base and drawer units with roll edged work surfaces over, inset sink and drainer with mixer tap over, space for electric cooker with extractor over, tiled surrounds, matching eye level cabinets.
Inner Hallway Light point, cupboard housing the hot water cylinder with slatted shelving, electric meter and fuse box.
Door to Double Bedroom (2.90m x 3.12m) Coved ceiling with pendant light point, window, wall mounted electric heater, built-in wardrobes to one wall with sliding mirror fronted sliding doors.
Shower Room/WC Light point, extractor fan.
Comprising large walk-in shower enclosure with sliding door and electric shower, WC, pedestal wash hand basin, wall mounted electric heater, strip light and shaver socket.
Tenure Leasehold Length of Lease: 199 years lease from 1982 (tbc) Maintenance: The freeholders have informed us that the charges are £210 pcm to include water rates, building insurance, general maintenance of communal areas.
Freeholder - o'Dwyer Properties General advice 1. Occupants must be 60 years or over 2. Parking on first come first served basis. 3. Part time caretaker. 4. Communal Lounge. 5.
Laundry ( time slots allocated). 6. Existing pets allowed. 7. A commission charge is payable to the Freeholder upon a further re-sale.
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 Flat 6, The Coach House, Paignton
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