1-bedroom flat · TQ3 3HL
Listing removedReduced £5k (−7.1%) on 20 JunListed 856 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**first time buyer & investor alert ** Introducing a lovely first floor one bedroom apartment perfectly situated just a stone’s throw away from the Paignton town centre.
Upon entering through the composite front door, you're welcomed into a communal hallway, with stairs ascending to the apartment.
Within this contemporary style home you'll discover the convenient hallway perfect for storing coats or shoes. The kitchen is fitted with modern appliances, providing functionality to this property.
The spacious living room offers the perfect setting for relaxation and entertainment.
Discover a double bedroom boasting plenty of room for wardrobes and personal belongings, ensuring a comfortable retreat.
Opposite, you'll find the sleek bathroom featuring a luxurious double walk in shower.
Leasehold: 987 years 11 Months service charge: £240 per year *This property currently has a tenant in situe, with the option to purchase as an investment or with vacant possession* Paignton is famous for its long, sandy beaches, paddler-friendly waters and a colourful, bustling pier, the town remains a popular, traditional seaside resort.
Paignton has origins as a Celtic settlement and was first mentioned in 1086. It grew as a small fishing village and a new harbour was built in 1847.
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
Agent & docs
FAQ
About FLAT 2, 31, New Street, Devon
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