2-bedroom flat · TQ3 2LR
For saleListed 172 days
Opportunity summary
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About
Description Situated in a popular residential area in Preston, with easy access to the local shops and amenities including a doctors surgery, Tesco, Sainsburys and sub post office.
There is also good access to primary schools and Oldway Mansion. The property is also within easy reach of the main bus services with good access to Paignton, Torquay, Brixham and Newton Abbot.
This purpose built flat is on the first floor in a small development of 4 flats, with a communal entrance having a security entry system. There is a communal hallway with stairs to the first floor.
Once inside, there is an entrance hallway with spotlights, leading to a good-sized lounge which enjoys a sunny aspect, a fitted kitchen and two bedrooms, one of which is currently utilised as a dining room.
There is a modern bathroom/W.C, which has been recently fitted.
At the rear of the property, there is a good-sized communal garden which is laid to lawn and well maintained with a communal drying area.
There is also a single garage in a block with off-road parking in front for one vehicle.
Council Tax Band: C (Torbay Council) Tenure: Leasehold Communal Entrance Stairs rising to first floor and door into Flat 3.
Entrance Hallway Spotlights to ceiling, night storage heater, power points, built-in storage cupboard housing electric consumer unit and further built-in airing cupboard housing the hot water cylinder and having slatted shelving.
Doors to Lounge Two PVCu double glazed windows featuring a sunny aspect, night storage heater, power points, spacious room.
Kitchen Wall and base fitted kitchen units, PVCu double glazed window, space and plumbing for washing machine, space for cooker, space for tall fridge/freezer, stainless steel sink inset to work surfaces, power points.
Bedroom 1 PVCu double glazed window to rear overlooking the communal gardens, electric wall heater, wardrobe included.
Bedroom 2 Currently utilised as the dining room, PVCu double glazed window to rear overlooking the communal gardens, power points.
Outside There is a communal garden shared with all four residents with a drying area, and an allocated parking space and garage featuring electric door and power.
Tenure - Leasehold Council Tax Band: C (Torbay Council)
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 3, Laura Court, Paignton
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