1-bedroom flat · TQ4 5AL
For saleListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a level and central location in Paignton, close to the town centre with all its amenities and shops, together with good transport links from the Bus/Coach Station and Railway Station.
Paignton beach, promenade and harbourside with restaurants and bars is also within easy reach.
A well-presented ground floor flat with its own private entrance, as well as access via a communal entrance hall.
The property offers a spacious lounge/dining room, a fitted kitchen with integrated appliances, a generous double bedroom, and a shower room/W.C.
Further benefits include gas central heating, double glazing, communal gardens to the rear, and an allocated parking space for one vehicle.
Ideal for first-time buyers, downsizing opportunity, or investment purchasers. An internal viewing is highly recommended to appreciate the accommodation on offer.
Council Tax Band: B (Torbay Council) Tenure: Leasehold (979 years) Ground Rent: £100 per year Service Charge: £1,308 per year Entrance The flat has its own private entrance, additionally there is a communal entrance with door into the entrance hallway.
There is a further door leading to flat number one. Entrance Lobby Electric consumer unit to wall, intercom buzzer system, power points, door to bedroom and shower room.
Opening into Lounge/Dining Room Spacious room with three sash windows to front, PVCu double glazed door to outside, two central heating radiators, power points.
Opening into Kitchen Wall and base fitted kitchen units with integrated fridge/freezer, single oven, four ring gas hob with stainless steel extractor over, stainless steel sink inset to work surfaces, space and plumbing for washing machine, PVCu double glazed window to side, gas boiler to wall.
Bedroom Sash windows to front, central heating radiator, range of power points and space for wardrobes.
Shower Room/WC Tiled flooring and part tiled walls, walk-in shower with glass screen and shower over, low-level flush W.C, pedestal wash hand basin, extractor fan to ceiling, central heating radiator.
Communal Gardens The communal gardens at the rear of the building are shared with all residents, mainly laid to lawn. Parking There is an allocated parking space for one vehicle, beside the flat.
Tenure - Leasehold Council Tax Band: B (Torbay Council) Lease Details: 999 years from 1st January 2006, therefore 979 years remaining.
Management Company: Larchfield Asset Management Ground Rent: £100 per anum Maintenance Charge: £1,308 per anum
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Flat 1 Markham Court, Paignton
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