1-bedroom flat · TQ4 6BG
For saleReduced £7k (−8%) on 20 JunListed 855 days
Opportunity summary
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About
Description This first-floor, one-bedroom apartment is situated in the secure, gated New Esplanade Court.
Available chain-free, it represents a valuable opportunity for first-time buyers or those seeking a holiday retreat.
Located in the vibrant seaside town of Paignton, New Esplanade Court is a reputable residential and holiday complex that offers both comfort and practicality.
The apartment is conveniently positioned close to Paignton Green, the seafront, and the town centre, all easily accessible on foot.
The property also features access to a relaxing outdoor swimming pool, picturesque communal gardens, and allocated parking for one vehicle, ensuring both comfort and convenience for its residents and visitors.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (100 years) Ground Rent: £100 per year Service Charge: £2,400 per year The lease has 125 years remaining from 31.12.1999.
Pets are not permitted in this complex. Entrance Access to the apartment is via a secure gated entrance, controlled by an electronic fob.
This entrance leads to the communal pathway and staircases to each wing of the building, with this particular apartment situated in the East wing.
The communal hallway guides you to the apartment's entrance.
Upon entering the apartment, the reception hall is equipped with a wall-mounted phone entry system, a consumer unit, and doors that open to the lounge/kitchen, bathroom, and bedroom.
Lounge/Kitchen/Diner The lounge/kitchen/diner is equipped with a double-glazed window offering a side view.
This space includes areas for a small dining table, a lounge, and a kitchenette, all featuring wood-effect flooring. The lounge area provides recessed shelving and storage.
The kitchen section features a fitted kitchen with an inset stainless steel sink, a mixer tap, and a circular stainless steel draining bowl.
It has a roll-edged work surface above fitted floor cupboards and drawer units, with matching wall-mounted cupboards and tiled splashbacks.
The kitchen also includes power points, space for an electric cooker, and under-counter space for a fridge. Bedroom One This spacious double bedroom has a double-glazed window with a side view.
It offers an airing cupboard, a double-door wardrobe with hanging space and shelving, wall-mounted lamps, coved ceilings, and power points.
Bathroom This bathroom includes a white suite with a panelled bath, twin hand grips, and an electric wall-mounted shower.
The room is complemented by tiled surrounds, a low-level WC, and a pedestal wash basin. It also has an obscure double-glazed window and an electric wall-mounted heater.
Outside The exterior features a communal garden and a block-paved area.
A swimming pool, available to residents, is a particular highlight of the grounds, surrounded by block paving with benches, chairs, and space for relaxing.
There is also a parking area at the rear of the property, accessed with a fob.
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.
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FAQ
About Apartment 38, New Esplanade Court, Paignton
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