2-bedroom terraced house · TQ3 3UD
Listing removedListed 208 days
Opportunity summary
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About
Situated in a popular residential area, with local amenities close-by including the local Spa, together with Morrisons, Asda & Sainsburys Supermarkets all close at hand.
There is also a local bus route. The bungalow is situated on the edge of Paignton, being within easy reach of the Torbay Ring Road.
This two bedroom mid-terraced property is offered for sale with no onward chain and in need of modernisation works, offering great potential for a downsize opportunity, first time buy or rental investment.
The accommodation briefly comprises an entrance porch with door into the lounge and further door leading into the kitchen/dining room with access to the rear garden and stairs up to the first floor.
Heading upstairs, there is a small landing with doors to the two bedrooms,. both having fitted wardrobes, and a bathroom/W.C.
Outside to the front, there is off-road parking for one vehicle and steps down to the front of the property.
The rear garden is enclosed by fencing featuring countryside views in the distance with steps down and areas laid to lawn and patio slabbing. An internal viewing is recommended.
Council Tax Band: B (Torbay Council) Tenure: Freehold Entrance Steps down from the front door, PVCu double glazed obscure door leading into Entrance Porch PVCu double glazed obscure windows, cupboard housing electric meter and fuse board, power points.
Door to Lounge Large PVCu double glazed window to front, power points, central heating radiator, TV aerial point, PVCu double glazed door into Kitchen/Dining Room Stairs to first floor, two PVCu double glazed windows to rear, PVCu double glazed door leading out to the rear garden and featuring countryside field views.
Central heating radiator, power points, breakfast bar area, built-in under stairs cupboards, one housing immersion tank for hot water, base kitchen units, space for cooker, boiler to wall.
First Floor Landing Power points, access to loft, doors to Bedroom 1 PVCu double glazed window to front, central heating radiator, power points, built-in cupboards with shelving and hanging space.
Bedroom 2 PVCu double glazed window to rear featuring countryside field views, built-in wardrobes with shelving and hanging space, power points, central heating radiator.
Bathroom/W.C PVCu double glazed obscure window, electric wall heater, central heating radiator, panelled bath with shower attachment, W.C, pedestal wash hand basin.
Outside to Front There is a small front garden with off-road parking for one vehicle and a few steps down to the front door, gas meter to wall.
Outside to Rear The rear garden is enclosed by fencing, accessed from the kitchen/dining room with steps down to a lawned area and patio slabbed area.
The garden features field views in the distance and a sunny aspect during the afternoon. Tenure - Freehold Council Tax Band: B (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 Waterleat Avenue, Paignton
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