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See how verdicts work2-bedroom flat · TQ3 2AH
Listing removedReduced £5k (−2.7%) on 17 JulListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a popular residential area, very close to Oldway Mansion and gardens, with a good amount of local amenities and shops closeby, including a regular bus service with access to Paignton, Brixham, Torquay and Newton Abbot.
There is a local Sainsburys just down the road from the property, amongst other shopping facilities further along into Preston, with a Doctors Surgery and sub-Post Office.
This well-presented two-bedroom ground floor flat offers comfortable accommodation throughout and is ideal for first-time buyers, a downsizing opportunity, or investors.
The property comprises a lounge and contemporary fitted kitchen with integrated appliances.
There are two bedrooms, with the main bedroom benefiting from fitted wardrobes and an en-suite shower room, together with a separate shower room serving the remainder of the accommodation.
Outside, there is a level approach to the front door, a rear garden area and off-road parking for two vehicles, which could alternatively be incorporated into the garden to create additional outdoor space if desired.
An internal viewing is highly recommended to appreciate the accommodation on offer.
Council Tax Band: A (Torbay Council) Tenure: Leasehold (149 years) Ground Rent: £15 per year Entrance Gate access with level approach, obscure front door leading into Entrance Lobby Central heating radiator, power points, opening into Inner Hallway Power point.
Doors to Lounge PVCu double glazed window to front, central heating radiator, power points, built-in cupboard housing electric consumer unit, gas and electric meter.
Kitchen PVCu double glazed window to rear, range of wall and base fitted kitchen units with integrated appliances including slimline dishwasher, ceramic hob with extractor hood above, microwave, double oven, space and plumbing for washing machine, space for tall fridge/freezer, range of power points, one and half bowl stainless steel sink inset to work surfaces, central heating radiator, breakfast bar area, and cupboard concealing gas boiler for central heating and hot water with slatted shelving to side.
Bedroom 1 Two PVCu double glazed windows to rear, central heating radiator, power points, range of fitted wardrobes.
Door into Ensuite Shower Room/WC Panelling to walls, shower enclosure with glass door and shower over, extractor fan to wall, pedestal wash hand basin, close coupled W.C.
Bedroom 2 PVCu double glazed part obscure window to rear, central heating radiator, power points. Main Shower Room/W.C.
Large corner shower enclosure with glass sliding doors and shower over, extractor fan to wall, obscure glass allowing borrowed light to hallway, fitted units, wash hand basin inset to vanity unit, W.C.
With concealed cistern, LED mirror above, panelling to walls, storage cupboard inset and chrome central heating towel radiator.
Outside To Front There is gate access into the small front courtyard laid to slabbing with level approach to the front door.
Outside To Rear There is a pathway with a few steps down from the kitchen leading to the rear garden area, outside tap, astroturf and further concrete area which is utilised as two car parking spaces which could be reconfigured as further garden space if desired.
Tenure - Leasehold Council Tax Band: A (Torbay Council) Lease: 199 years from 20th April 1976 with 149 years remaining. The upstairs flat only has the Freehold tenure for the whole building.
Ground Rent: £15 per year Maintenance Cost: 50/50 split on an as and when basis with upstairs flat. All of the above information has been provided by the Vendor.
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
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FAQ
About 152 Torquay Road, Paignton
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