1-bedroom flat · TQ3 2AS
For saleReduced £10k (−11.1%) on 23 SepListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-positioned one bedroom ground floor flat situated in the popular Kingsmead House development in Paignton, conveniently located close to local shops, transport links and amenities.
Requiring modernisation throughout, this property presents an excellent opportunity for first-time buyers, investors or those seeking a project to add value.
Description The accommodation offers well-proportioned living space throughout and briefly comprises an entrance hallway leading into a bright and spacious lounge with ample room for both living and dining furniture.
The kitchen is fitted with a range of units and provides scope for improvement and personalisation. The double bedroom is generously sized, while the bathroom comprises a fitted suite.
The property benefits from gas central heating, double glazing where fitted, communal grounds and residents’ parking.
Benefitting from ground floor access, the property also enjoys communal parking and well-maintained communal areas. Early viewing is highly recommended to appreciate the opportunity on offer.
Location Kingsmead House is conveniently situated within easy reach of Paignton town centre, offering a variety of shops, supermarkets, cafés and everyday amenities.
Paignton seafront and beach are also nearby, along with excellent public transport links including regular bus services and Paignton railway station providing connections to Exeter and beyond.
The property is well placed for access to local healthcare facilities, leisure amenities and the beautiful surrounding South Devon coastline.
Material Information What3words: ///love.hook.policy Council Tax Band A with Torbay Council Leasehold, 99 year lease with 89 years remaining Service charges £3,000 per annum paid to Sanctuary Mains Gas, Electric, Water and Drainage Communal Parking EPC C
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.
Area
Agent & docs
FAQ
About Flat 1, Kingsmead House,, Mead Close, Devon
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