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See how verdicts work2-bedroom flat · TQ3 3PR
Sold STCListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property description A wonderfully spacious two bedroom first floor flat that is being sold as a 50% shared ownership.
This property comprises of a welcoming entrance hallway, a large and light filled lounge/diner, a spacious kitchen, two well sized double bedrooms, bathroom, communal gardens and allocated parking.
The property is ideally situated within easy reach of local shops, bus links, play parks, the ring road and more.
Communal entrance A secure communal entrance with security entry system provides access to the building, with stairs rising to the first floor.
Entrance hall A welcoming entrance hallway providing access to the adjoining rooms.
The hall benefits from radiators, security entry phone and useful storage cupboards, including a cupboard housing the hot water system, together with an airing cupboard with slatted shelving.
Lounge/diner A generously proportioned reception room offering excellent space for both living and dining furniture.
The room enjoys a pleasant dual aspect with double glazed windows to the front and side, allowing plenty of natural light, together with radiators and entry phone.
Kitchen The kitchen is fitted with a range of wall, base and drawer units with roll edge work surfaces over, incorporating a stainless steel sink and drainer with mixer tap.
There is space and provision for a washing machine, fridge freezer and dishwasher, together with an electric cooker and extractor hood above.
A uPVC double glazed window overlooks the rear aspect and a radiator. Bedroom one A spacious double bedroom enjoying a front aspect, with a double glazed window and radiator.
The room provides ample space for a range of bedroom furnishings.
Bedroom two A further generously sized double bedroom, again enjoying a front aspect and benefiting from a double glazed window and radiator.
Bathroom The bathroom is fitted with a three piece white suite comprising a low level flush WC, a pedestal wash hand basin and walk in double shower.
The room benefits from part panelled walls, double glazed obscure window and electric radiator. Outside Allocated parking The property benefits from an allocated parking space.
Communal gardens To the rear of the building are communal gardens, principally laid to lawn and providing residents with pleasant outdoor space.
There are also communal drying areas and a useful bike store. A children’s play area is conveniently located opposite the property. Agents notes These details are meant as a guide only.
Any mention of planning permission, loft rooms, extensions etc, does not imply they have all the necessary consents, building control etc.
Photographs, measurements, floorplans are also for guidance only and are not necessarily to scale or indicative of size or items included in the sale.
Commentary regarding length of lease, maintenance charges etc is based on information supplied to us and may have changed.
We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.
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
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FAQ
About 28,Flat 2, Redwell Road, Paignton
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