3-bedroom flat · TQ3 3HL
Listing removedReduced £50 (−5.3%) on 1 SepListed 71 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: J9Y1 3 Bed Flat, New Street, TQ3 3 tenants max.
Paignton This large unfurnished second floor Apartment occupies the top floor of this Victorian mid terrace property, located close to Palace Avenue, train and bus stations and 1/2 mile walk from the Beach.
The space consists of: Kitchen, Large Lounge, 2 Large double bedrooms, 1 smaller bedroom, 2 Shower Rooms both with toilet. There is door phone entry to the front door.
The property uses a shared water, sewerage and heating system with each apartment paying a proportion. Wired for Virgin Media Broadband/Openreach Fibre.
Kindly visit the walkthru video on the youtube link below prior to arranging a viewing. Note: New shower fitted since video. Electric Cooker and Fridge provided. No washing Machine .
1 Wardrobe, Double Bed, Dining Table are provided otherwise unfurnished.
No Smokers Some pets may not be allowed No Off Street Parking No Garden Working Professionals Home Owner Guarantor will be required without exception.
In view of the large number of stairs this flat is not recommended for young children. Please include mobile number when enquiring otherwise we may not be able to reply. Thank you for looking.
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 Flat 5 33 Worcester House, New Street, Paignton
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