1-bedroom house · TQ3 2BB
Listing removedListed 209 days
Opportunity summary
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About
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 shower room/W.C.
The flat benefits from having its own private access into the front communal gardens. 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 Entrance Hallway Power points, emergency pull cord system, large built-in cupboard with slatted shelving and housing the pressurised water cylinder.
Doors to Lounge PVCu double glazed door and window to front giving the flat its own private access into the communal front gardens, small cupboard housing electric consumer unit and meter, space for electric fire and mantel piece, electric wall heater, power points, emergency pull cord.
Double doors into Kitchen PVCu double glazed window to front, wall and base kitchen units with space for under counter appliances, integrated single oven and four ring ceramic hob with extractor over, stainless steel sink inset to work surfaces, range of power points, tiled splashback.
Bedroom PVCu double glazed window to front, built-in wardrobes with mirrored doors, power points, electric wall heater, emergency pull cord.
Shower Room/WC Large double shower enclosure with glass door and shower over, extractor fan, electric wall heater, wash hand basin, W.C, electric towel rail.
Tenure - Leasehold Length of Lease - 125 years from 2004 Maintenance Charge - TBC Ground Rent - TBC 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 Albany Court, Polsham Park, Paignton
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