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Paignton TQ3

South West

£100,000
Listed on 19/07/2025

Property Details

Bedrooms
2
Type
Flat
Area
710 sqft

Description

This first-floor apartment presents a promising opportunity for renovation, featuring two well-proportioned double bedrooms that can easily be transformed into inviting retreats. The wet room offers functionality but is ripe for modernization, allowing the new owner to enhance both its aesthetic appeal and usability with a contemporary design. The galley kitchen, while practical, provides a blank canvas for those looking to create a culinary space tailored to their tastes. The main living room is spacious and bright, serving as a versatile area that could benefit from updating to maximize comfort and style. Additionally, the property includes a private rear garden, which not only adds outdoor space but also opens up possibilities for landscaping or creating an urban oasis. Located in a community with access to local amenities and public transport links, this apartment represents an excellent investment opportunity. With some thoughtful renovations, it has the potential to significantly increase in value while offering comfortable living in a desirable area. Council Tax Band: A Tenure: Leasehold

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -48.9% below area average per sq ft

-48.9%
Potential saving
This Property
£141/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Target Value
£215,087
10% above area average per sq ft
Potential ROI
+72.1%
After renovation
Monthly Sales
19
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (TQ3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.3%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on TQ3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Paignton TQ3
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