1-bedroom flat · TQ3 2PL
For saleReduced £5k (−3.8%) on 28 AugListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A well-presented, chain-free one-bedroom ground floor apartment in the sought-after Preston area of Paignton, enjoying a level position just a short walk from Preston beach, the seafront and an excellent range of nearby amenities.
This appealing home offers bright and comfortable accommodation, ideally suited to those seeking convenience in a coastal setting.
Accessed via its own private entrance at the rear of the building, the apartment also benefits from an allocated parking space.
Internally, the property features a light and airy open-plan kitchen/living room with a sunny southerly aspect and attractive sea views, creating a pleasant space for both relaxing and entertaining.
The kitchen is fitted with an integrated electric oven, gas hob and extractor hood, with further space and plumbing available for a washing machine and fridge/freezer.
The accommodation is completed by a well-proportioned double bedroom and a modern fully tiled bathroom, fitted with a panelled bath with shower over, pedestal wash hand basin, WC and heated towel rail.
Further benefits include double glazing and gas central heating throughout.
The location is particularly convenient, being within a few minutes' level walk of Preston Beach and local shops and services.
Regular bus links provide easy access to Paignton, Torquay, Brixham and Newton Abbot. Everyday facilities including a doctor's surgery and post office are also close by.
Council Tax Band: A (Torbay Council) Tenure: Share of Freehold (978 years) 999 years remaining on the lease from 29 September 2005.
Benefitting from a one-quarter share of the freehold, this property has no ground rent and no set service charge. All maintenance costs are simply split evenly four ways as needed.
Broadband options available at the property include: * Standard broadband: 22Mbps download, 1Mbps upload * Superfast broadband: 69Mbps download, 20Mbps upload * Ultrafast broadband: Not available - Networks in the area: Openreach
Value & comps
No previous sales on record.
Returns
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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 2, 21 Morin Road, Paignton
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