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Paignton TQ3

South West

£280,000
Listed on 08/04/2026

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This mixed-use investment property presents an excellent opportunity for renovations and potential value enhancement. Comprising two commercial units, alongside a one-bedroom flat and a spacious three-bedroom flat, this terraced property is situated on the prominent Torquay Road in central Paignton. The area has experienced a surge in popularity due to its vibrant mix of independent retailers and national brands, coupled with easy access to local amenities and Preston Sands. The commercial units are currently tenanted, ensuring immediate income generation while providing flexibility for future reconfiguration if desired. Both residential flats offer vacant possession, allowing for customization and modernization to attract tenants or increase rental yields. The flats also benefit from private outdoor space and have the potential to create appealing living environments once updated. Overall, this property offers a solid foundation for a savvy investor keen on enhancing its functionality and profitability through thoughtful renovations.

Investment Analysis

(TQ3 area)
Area Average
£277/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -7.3%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on TQ3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Paignton TQ3
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£992
Based on a loan of £210,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-11.1% since listed
£280,000£35,000(-11.1%)
08/04/2026
Current price
£315,000Initial listing
03/10/2025

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