3-bedroom flat · TQ3 1DS
No longer listedReduced £25 (−2.7%) on 9 SepListed 96 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented three-bedroom first-floor flat offers comfortable living in a highly convenient Preston location, making it an excellent choice for families, professionals, or couples Comprises entrance hallway, three bedrooms, l/dining room, kitchen and Bathroom.
Great location. Accommodation UPVC double glazed door and windows to the side into; hallway Radiator. Two storage cupboards, one with plumbing for washing machine. Inset spotlighting. Skylight window.
Lounge / dining room 20' 8 max" x 9' 11" (6.3m x 3.02m) UPVC double glazed window. Two radiators. Telephone point. Mock fireplace.
Kitchen 8' 4" x 7' 7" (2.54m x 2.31m) Wall and base units with roll edge worktops and tiled surrounds. Stainless steel sink and drainer with mixer tap. Space for electric cooker.
Space for under unit appliance. Tile effect vinyl flooring. Roof level UPVC double glazed window. Bedroom one 13' 7" x 8' 5" (4.14m x 2.57m) UPVC double glazed window. Radiator.
Bedroom two 13' 6 max" x 9' 9" (4.11m x 2.97m) UPVC double glazed window. Radiator. Bedroom three 12' 5" x 5' 10" (3.78m x 1.78m) UPVC double glazed window. Radiator.
Built in cupboard with modern combi boiler. Bathroom Low level WC. Wash hand basin with cupboard below. Panelled bath with chrome taps. Part tiled walls. Electric shower. Chrome towel radiator.
Roof height double glazed window. Agents notes Prospective tenants will need to have good work, credit and previous Landlords references. Initially a 6 Month AST. All mains services connected.
Also you will need to show and earned income of circa £27,000 to pass the affordability checks.
Sorry but zero hours and probationary contracts will not be considered as satisfactory for referencing purposes. Council Tax Band B.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 111a, Preston Down Road, Paignton
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