3-bedroom flat · TQ3 3UU
Sold STCListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the outskirts of Paignton, being within easy reach of Torbay Ring Road to nearby towns and cities.
There are Primary & Secondary schools close at hand, together with good shopping outlets nearby including the newly built Lidl, Morrisons, Asda, and Sainsburys.
This ground floor flat is offered for sale with no onward chain and now in need of modernisation works, offering great potential.
Arriving at the property, there is a brick paved driveway with off-road parking and level approach to the composite front door.
Once inside, there is an entrance hall with doors to the spacious lounge, kitchen, three bedrooms and bathroom/W.C.
Accessed from the kitchen, is a rear lobby with doors to a storeroom and downstairs cloakroom and a further door giving access out to the rear garden.
The rear garden is enclosed, laid to concrete with steps up to a lawned area with inset pathway.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (87 years) Entrance Level approach with brick paved driveway and composite front door with obscure bevelled glass leading into Entrance Hallway Built-in under stairs storage cupboard, doors to Lounge Two PVCu double glazed windows to front, central heating radiator, power points, character fireplace, built-in storage cupboard with slatted shelving, door into Kitchen Wall and base fitted kitchen units, space for cooker, space and plumbing for washing machine, space for further under counter appliance, slatted door leading into cupboard housing the gas boiler for central heating, further cupboard housing electric meter and fuse board, PVCu double glazed window and PVCu double glazed obscure door leading out to Rear Lobby Door into downstairs cloakroom with close coupled W.C and small wall hung wash hand basin, further room which could be utilised as a storage space, poly carbonate roof and PVCu double glazed obscure door and window leading out to the garden.
Bedroom 1 PVCu double glazed window, central heating radiator, power points, door into built-in storage cupboard.
Bedroom 2 PVCu double glazed window to rear, central heating radiator, power points. Bedroom 3 PVCu double glazed window to front, central heating radiator, power points. Bathroom/W.C.
PVCu double glazed obscure window, panelled bath with shower attachment over, pedestal wash hand basin, close coupled W.C, central heating radiator, fully tiled walls.
Outside to Front The front features a brick paved driveway providing off-road parking for two vehicles and a level approach to the front door entrance.
Outside to Rear The rear gardens are enclosed featuring gated side access with areas laid to concrete and steps up to a lawned area with inset pathway.
Tenure - Leasehold Length of Lease - 125 years from 1st April 1988 Maintenance Charges - £187.56 per quarter Council Tax Band: A (Torbay Council)
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 New Park Road, Paignton
Explore nearby