2-bedroom flat · TQ3 2RW
For saleListed 367 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Pegg Estates is pleased to offer this idyllically positioned apartment in the sought after area of Preston.
The accommodation comprises of an entrance hall, living room, kitchen, bathroom and two bedrooms. Outside has allocated parking and a communal patio which features a rotary line.
Floor Area 441ft2 Council Tax Band: A Tenure: Leasehold Entrance Hall The welcoming entrance hall includes the water tank concealed by a cupboard.
Lounge (12.58' x 15.08') Featuring a characterful front facing double glazed bay window the lounge also comes complete with fully carpeted floors, wall lights, an electric radiator and TV point.
Kitchen (5.92' x 10.00') The fitted kitchen comes complete with wall and base cabinets, work surfaces, a stainless steel sink/ drainer and a built in electric oven with electric hob.
There are also appliance spaces for a washing machine and fridge freezer. This kitchen is also fitted with partial tiling, a serving hatch and extractor fan.
Bedroom 1 (11.42' x 7.33') Has a double glazed window to the front aspect. Bedroom 2 (6' x 8') Featuring a fully carpeted floor with a double glazed window to the rear aspect of the property.
Bathroom (5.1' x 6.7') This lovely three piece suit comes complete with a bath with mixer taps, wash hand basin and WC. Also included is an extractor fan, shaving point and a Dimplex heater.
Leasehold Information The lease has approximately 996 years left on the lease. The service charge is £1400 per year payable to Blenheims who are the management company.
The property will come with a 1/7 share of the freehold.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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, Dunmoil, Paignton
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