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 3RP
Listing removedListed 404 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description The flat comprises two double bedrooms. The property benefits from a single well-appointed kitchen fitted.
Further, there is one spacious reception room adorned with large windows, allowing a flood of natural light and creating a bright and airy living space.
The property caters to the needs of a small family or professionals seeking a comfortable living environment.
The flat also benefits from a freehold tenure, providing the new owner with the added advantage of no ground rent or service charges.
The property is in an excellent location, with easy access to local amenities, schools, and public transport links, making day-to-day living easy and convenient.
Whether you are a first-time buyer stepping onto the property ladder or an investor seeking a lucrative investment, this flat presents an excellent opportunity.
Please contact us for further details and to arrange a viewing. Your dream property may just be a call away.
Council Tax Band: A Tenure: Freehold Lounge (11.15' x 28.05') Electric points, carpet flooring, double glazed window to the left, TV point, ethernet point.
Kitchen (6.14' x 7.55') Stainless steel sink, electric oven and electric hob, wall and base level work units, roll top work surfaces, washing machine point and double glazed window to the front and vinyl flooring.
Bedroom 2 (6.56' x 12.34') Double glazed window to the front, electric points, TV point and carpet flooring.
Bathroom (4.59' x 6.56') Vinyl flooring, wash hand basin, bath and shower, double glazed window to the front, extractor fan, radiator, low level wc.
Bedroom 1 (29.46' x 9.35') Carpet flooring, electric points, radiator, double glazed window to the front.
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
FAQ
About 85 Merritt Flats, Paignton
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