3-bedroom flat · TQ3 1PX
Listing removedReduced £5k (−2.3%) on 20 JunListed 351 days
Opportunity summary
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About
Description Situated in a popular residential area in Preston, being conveniently situated for easy access to Preston shops, with all its amenities.
The main bus routes are also at hand giving access to the nearby towns of Torquay, Paignton, Brixham and Newton Abbot. Preston seafront, with its beach and promenade, are also within easy access.
This purpose built flat is now offered for sale and has the benefit of its own private entrance.
The accommodation is on the first floor, with an entrance lobby and stairs leading to the hallway with doors off to the lounge, which is at the front of the property with a window and door enjoying sea views from the balcony, stretching across the bay.
There is a good sized kitchen/breakfast room with integrated appliances and space for a table and chairs, together with two double bedrooms and a further bedroom which could be utilised as a dining room, and a bathroom/W.C.
There is a small garden area at the front of the building belonging to the flat and there is a single garage located in the block to the rear. An internal viewing is recommended.
Council Tax Band: C (Torbay Council) Tenure: Leasehold (999 years) Entrance PVCu double glazed obscure door leading to Entrance Lobby PVCu double glazed window, stairs rising to first floor.
Door into Entrance Hallway Access to loft, central heating radiator, power points, built-in cupboard with slatted shelving.
Doors to Lounge PVCu double glazed windows and door leading out to balcony featuring sea views, fireplace, power points, TV aerial point.
Kitchen/Breakfast Room PVCu double glazed window to rear, range of wall and base fitted kitchen units, integrated double oven, four ring gas hob with stainless steel extractor over, integrated dishwasher and integrated fridge/freezer, integrated tumble dryer, space and plumbing for washing machine, one and a half bowl sink unit inset to work surfaces, central heating radiator, range of power points space for table and chairs.
Balcony Space for seating, balustrading, panoramic sea views. Bedroom 1 PVCu double glazed window to front, central heating radiator, power points. Fitted wardrobes.
Bedroom 2 PVCu double glazed window to rear, central heating radiator, power points. Bedroom 3/Dining Room PVCu double glazed window to front, central heating radiator, power points.
Bathroom/W.C PVCu double glazed obscure window, panelled bath with glass screen and electric shower over, part tiled walls, W.C, pedestal wash hand basin, chrome central heating towel radiator.
Outside There is an allocated garage with space in front, with a manual up and over door. There is a small banked garden allocated to the flat.
Tenure - Leasehold Length of Lease: 999 years from 1st January 2003. Maintenance charge - On an as and when basis Ground Floor Flat owns the Freehold. 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.
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FAQ
About Flat 7H, Carleton Court, Preston, Paignton
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