2-bedroom flat · TQ3 3RP
Listing removedListed 385 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A well-presented freehold, chain-free flat ideal for first-time buyers or investors.
Situated on the top floor of Merritt Flats, this apartment offers two bedrooms, a bright reception room, kitchen and WC with separate shower.
Council Tax Band: A Tenure: Freehold Access Access is via a composite door. Living Room (15' x 11') Double-glazed window to the front aspect. Carpet flooring. Radiator.
Brick fire-place (chimney has been blocked). Telephone point. Power-points Door to Inner Hallway and door to the Kitchen.
Kitchen (8.17' x 7.42') Matching wall and base level work units with roll-top work-surfaces. Stainless-steel sink and drainer with mixer tap.
Appliance space for cooker; fridge/freezer and washing machine. Part-tiled walls. Radiator. Wall-mounted boiler. Double-glazed window to the rear aspect.
Inner Hallway The Inner Hallway has carpet flooring. Door from Living room. Doors to bedroom 1, bedroom 2, and Cloakroom.
Also located off of the Hallway is is a built-in shower cubicle with an extractor fan. Bedroom 1 (11.50' x 9.33') Double-glazed window to the front aspect. Cast iron feature fireplace.
Carpet flooring. Radiator. Power-points. Bedroom 2 (8.33' x 6.58') Double-glazed window to the rear aspect. Radiator. Power-points. Carpet flooring.
Cloakroom The Cloakroom has a Low-level WC; Wall-mounted wash-hand-basin with tiled splash-back. Radiator. Double-glazed window to the side aspect.
Outside The property comes with communal pathways and allocated garden.
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 84 Merritt Flats, Paignton
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