4-bedroom bungalow · TQ3 1BH
For saleReduced £20.1k (−4.3%) on 20 JunListed 780 days
Opportunity summary
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About
Description Situated in the popular residential area of Preston, being within easy reach of the busy suburb of Preston with a good selection of shops and amenities, including the doctors surgery, sub post office, tesco and sainsburys.
Also the beaches of Preston and Paignton are close at hand. This property is offered for sale in good order, and offers the facility for either 2 family living or a home and income.
The property offers a detached bungalow, with a separate flat underneath the property, which is completely self contained.
The accommodation briefly comprises of the main bungalow having a good sized porch, entrance hallway, lounge with some sea views, and a kitchen/dining room with integrated washer/dryer and range style oven.
There is a useful side porch/utility area, together with offering 3 good sized bedrooms and a newly fitted shower room/w.c. The bungalow has also had some new PVCu double glazed windows fitted.
The separate flat/annexe can be accessed at the front of the property, with its own entrance and offers an entrance porch, a lounge, kitchen/dining room with integrated washer/dryer and range style oven and free standing fridge/freezer.
There is a good sized double bedroom and an ensuite bathroom/w.c. There is also a separate cloakroom. This space could be an ideal Air B & B, giving a home and income.
Both properties offer their own separate utilities, and council tax banding.
The property benefits from being on a good sized corner plot, and offers gardens surrounding the property to include some areas laid to gravel chippings for easy maintenance as well as lawned areas, and two areas of decking and vegetable patch.
There is ample off road parking for 3 vehicles, provided on the 2 driveways at the property. An internal viewing is highly recommended.
Council Tax Band: C Bungalow A Annexe (Torbay Council) Tenure: Freehold Main Bungalow PVCu double glazed door and windows to Entrance Porch Central heating radiator.
Double opening doors to Entrance Hallway Central heating radiator. Storage cupboard with electric consumer unit. Power points.
Doors to Lounge Dual aspect room with PVCu double glazed window to front and corner PVCu double glazed windows enjoying some sea views. Inset gas fire. 2 central heating radiators.
2 T.V aerial points. Power points. Kitchen/Dining Room Kitchen area - Range of base and wall units with inset stainless steel sink to work surfaces. Range style oven. Integrated washer/dryer.
Space and plumbing for dishwasher. Gas boiler for central heating hot water concealed in kitchen cupboard. Space for fridge/freezer. Tiled flooring. Mirror splashback. Power points.
Dining area - Central heating radiator. Power points. PVCu double glazed sliding patio door to Side Porch Utility area with space white goods. Power points.
PVCu double glazed windows and door to the gardens. Bedroom 1 PVCu double glazed window. Built-in cupboard. Central heating radiator. TV aerial point. Power points.
Bedroom 2 PVCu double glazed window. Central heating radiator. TV aerial point. Built-in wardrobe. Power points. Bedroom 3 PVcu double glazed window. Built-in wardrobe. TV aerial point. Power points.
Access to loft with pull down ladder. Shower Room/WC Recently fitted shower room, comprising a walk-in shower enclosure with mains shower, wash hand basin to vanity unit and W.C. Tiled walls.
Chrome central heating towel radiator. 2 PVCu obscure double glazed windows. Extractor fan.
Flat/Annexe Obscure PVCu double glazed front door with matching side panels leading into Entrance Porch Central heating radiator. Power points. Door to Lounge PVCu double glazed windows.
Cupboard housing the boiler for central heating and hot water. Central heating radiator. Gas fire inset to wall. Wood flooring. Further storage cupboard housing electric meter. 2 x T.V aerial point.
Power points. Inner lobby through to the back door and Separate Cloakroom W.C and small wash hand basin. Chrome central heating towel radiator. Tiled flooring and part tiled walls.
Kitchen/Dining Room Range of base and wall units with inset stainless steel sink to work surfaces.
Fitted range style oven, free standing fridge/freezer, space and plumbing for dishwasher, integrated washer/dryer. Mirror splashback. Tiled flooring. Power points.
Further storage cupboard with pantry shelving. Power points. Central heating radiator and space for table and chairs. Bedroom Good sized double room with double fitted wardrobes.
Central heating radiator. PVCu double glazed window. TV aerial point. Power points. Door to Ensuite Bathroom/W.C White suite with panelled bath with mains shower over. Large wall mirror.
Pedestal wash hand basin and close coupled w.c. Tiled walls and flooring. Extractor fan. Outside The property is set on a good sized corner plot with gardens to all sides.
There are some parts of the garden, that have been laid for easy maintenance with gravelled chippings, and a further lawned area at the front of the property, with inset flower borders with plants and shrubs.
There is a level pathway leading to the front door to the main bungalow which enjoys a balcony with timber decking and enjoying views over the gardens and distant sea views.
The main part of the garden is at the rear/side of the property, which is laid to lawn, enclosed by fencing, with composite decking area and steps down to gravelled area with space for table and chairs.
There is also 2 timber framed sheds. The property offers two driveways with parking for 3 vehicles, and there are some steps leading from one of the driveways down the side of the property.
There are 2 outside taps for the bungalow and the flat and 2 x external electrics. Tenure Freehold Bungalow council tax C flat/annexe council tax A EPC ratings bungalow D EPC ratings for flat/annexe D
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Apricus, 1 Stella Road, Paignton
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