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See how verdicts work1-bedroom house · TQ3 2TX
For saleReduced £4k (−4.1%) on 20 JunListed 466 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 good local amenities and shops close by, including a regular bus service with access to Paignton.
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 purpose built retirement flat is in the popular block of Richmond Court, with the benefit of having a resident scheme manager, communal residents lounge and lift and stairs to all floors.
There is a minimum age requirement of 60 years of age to reside here. The flat is on the ground floor.
The accommodation briefly comprises of an entrance hallway, with doors off to the lounge, a fitted kitchen, one double bedroom with built-in cupboard and a shower room/W.C.
The property is offered for sale in good order and is set in well maintained lawned communal gardens and there is also residents parking available on a first come first served basis.
Council Tax Band: B (Torbay Council) Tenure: Leasehold (189 years) Entrance Hallway Electric consumer unit to wall, slimline electric heater, emergency pull cord system, large built-in cupboard with shelving space, power points.
Doors to Lounge PVCu double glazed window featuring a sunny aspect, power points, TV aerial point, electric slimline heater, emergency pull cord.
Door to Kitchen Window overlooking the communal gardens.
Wall and base fitted kitchen units, integrated single oven, microwave, vinyl flooring, ceramic hob, stainless steel extractor hood over, space and plumbing for washing machine, space for fridge/freezer, stainless steel sink unit inset to work surfaces, range of power points, emergency pull cord.
Double Bedroom PVCu double glazed window to rear featuring a sunny aspect, emergency pull cord, power points, built-in cupboard with shelving and a hanging rail for clothes.
Shower Room/WC Obscure window, large walk in shower enclosure with electric shower and sliding door.
Fitted units with inset wash hand basin and W.C, wall mounted LED mirror, electric wall heater, emergency pull cord, cupboard with slatted shelving and housing the immersion tank for hot water, electric chrome towel radiator.
Tenure - Leasehold Length of lease - 189 years from 28th March 1984 Maintenance charge - £689.85 per quarter - To include buildings insurance, window cleaning, gardening, cleaning of outside communal areas, residents lounge, house manager.
Management Company - Sanctuary Housing. There is a Resident Manager on site. Residents of 60 years of age or over No Letting No Holiday Letting No Pets Council Tax Band: B (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
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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
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FAQ
About 15 Richmond Court, Paignton
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