We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TQ3 2SP
Listing removedListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a popular level location, within easy reach of Paignton town centre, as well as being close to the busy suburb of Preston with further local shops and amenities.
Nearby, Oldway Mansion and Park offers excellent indoor/outdoor bowls and tennis court facilities. There are good transport links in Paignton town centre with Bus/Coach Station and Railway Station.
The Apartment is accessed via a secure communal entrance with stairs and lift access to all floors. The entrance hall provides a useful built-in storage cupboard.
The spacious lounge/dining room has patio doors opening onto a private south facing balcony with composite decking and distant sea views towards Berry Head, Brixham.
A large glass door leads to the modern fitted kitchen, which features granite worktops and integrated appliances including a dishwasher, wine cooler, fridge/freezer, double oven and gas hob.
There are two bedrooms, with the main bedroom benefiting from an en-suite shower room. The second bedroom enjoys some distant sea views. A separate family bathroom serves the rest of the apartment.
Outside, the property has an allocated undercover parking space and access to visitor parking within the gated development. Residents also benefit from communal lift and stair access.
An internal viewing is highly recommended.
Council Tax Band: D (Torbay Council) Tenure: Leasehold (996 years) Ground Rent: £125 per year Service Charge: £1,135 per year Communal Entrance Stairs and lift to all floors.
Door into communal hallway and access from first floor into apartment 8.
Entrance Hall Power points, central heating radiator, large built-in cupboard housing electric consumer unit with shelving and hanging space.
Doors to Lounge/Dining Room Spacious room with PVCu double glazed windows and sliding patio doors to front and further door to side leading out to the balcony.
Central heating radiators, power points, TV aerial point, large glass door leading into kitchen.
Balcony Accessed from lounge/dining room, composite decking with glass and stainless steel balustrading, distant sea views stretching to Berry Head, Brixham.
Kitchen Modern range of wall and base fitted kitchen units with granite work surfaces, inset stainless steel one and a half bowl sink, PVCu double glazed windows to front, integrated dishwasher, wine cooler, fridge/freezer, double oven, four ring gas hob with stainless steel extractor hood over, and further extractor fan to ceiling, range of power points, and gas boiler for central heating concealed in cupboard.
Bedroom 1 PVCu double glazed windows to side, central heating radiator, power points, space for wardrobes.
Door to Ensuite Shower Room/WC Fully tiled walls and flooring, extractor fan to ceiling, shower enclosure with glass sliding door and mains shower over, wall hung wash hand basin fitted to vanity unit with LED mirror above, close coupled W.C, fitted medicine cabinet, contemporary chrome central heating towel radiator.
Bedroom 2 PVCu double glazed windows to front and side enjoying some distant views, power points, central heating radiator. Main Bathroom/W.C.
Fully tiled walls and flooring, extractor fan to ceiling, panelled bath with glass screen and mains shower over with shower attachment over, wall hung wash hand basin with vanity unit and LED mirror above, W.C with concealed cistern, fitted medicine cabinet, and fitted contemporary chrome central heating towel radiator.
Parking There is an undercover garage providing an allocated parking space for the apartment.
Access There is a gated entrance shared with all residents with allocated visitor parking, and a communal entrance leading to the flat with stairs and lift.
Tenure - Leasehold Council Tax Band: D (Torbay Council) Length of lease: 996 years Freeholder: Nmp Block Estate Management Ground Rent: £125 per anum Maintenance Charge: £1,135.94 per anum (All information provided by seller).
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 8 Oldway Oaks, Paignton
Explore nearby