1-bedroom house · TQ3 2BB
Listing removedListed 584 days
Opportunity summary
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About
Description Situated in a popular residential area, being extremely well situated for Paignton town centre, with its amenities and shops, together with good transport links by rail and bus/coach.
Located near to Victoria Park, together with Paignton beach and seafront being extremely close at hand.
A purpose built retirement flat located on the ground floor, and approached from the lower ground floor via lift and stairs.
The flat comprises of an entrance hallway, lounge/dining room, fitted kitchen with integrated oven and hob, and bathroom/WC.
There is residents parking on a first come first serve basis, with lawned communal grounds. The retirement complex offers a communal residents lounge with kitchen area and also residents laundry room.
Council Tax Band: C (Torbay Council) Tenure: Leasehold (125 years) Communal Entrance Through security entry doors to the residents lounge with hallway, lift and stairs giving access to all floors.
This flat is on the ground floor but it is approached from the lower ground floor to entrance, with door into flat 20.
Entrance Hallway Pull cord system, built-in cupboard with water heater and shelving, door concealing electric meters and consumer unit.
Doors to Lounge/Dining Room PVCu double glazed window, fitted fireplace with electric fire, night storage heater and power points and emergency pull cord, double opening doors to Kitchen Range of base and wall kitchen units with integrated ceramic hob and extractor over, space for fridge and freezer, inset sink to work surfaces, PVCu double glazed window overlooking the communal grounds, power points.
Bedroom Dual aspect room with two PVCu double glazed windows with views over the communal grounds, range of bedroom furniture with drawers and matching bedside units, built-in mirrored wardrobes, night storage heater and power points, emergency pull cord.
Bathroom/W.C Panelled bath with mains shower over, fully tiled walls, wash hand basin into vanity unit and WC, mirror and shaver light point, extractor fan and electric wall heater.
Tenure - Leasehold Length of Lease - 125 years from 2004 Maintenance Charge - £2,206.72 per half year Ground Rent - £192.50 per half year Management Company - First Port 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.
Area
Agent & docs
FAQ
About Flat 20, Albany Court, Paignton
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