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Morin Road, Preston, Paignton

South West

£370,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1695 sqft

Description

This detached family home is located in a desirable area of Preston, just a short walk from the beach and local amenities, including shops and healthcare facilities. Having been owned by the same family for over three decades, the property is now ripe for a comprehensive update to bring it into the modern era. The layout includes a spacious entrance hall leading to a lounge with patio doors opening to the rear garden, complemented by an open fireplace. The separate dining room and kitchen also provide access to outdoor spaces, making them ideal for entertaining or family gatherings. Upstairs, there are four bedrooms, with the primary room featuring a balcony that offers views of the surrounding landscape. A well-placed family bathroom completes this level. An additional staircase leads to two loft rooms that present further potential for conversion or storage use. Off-road parking is available for three vehicles alongside a garage, while the rear garden remains uncultivated but level, offering numerous opportunities for landscaping and design. This property affords an excellent investment opportunity in a sought-after coastal location with easy access to nearby towns such as Paignton and Torquay. With no onward chain, it allows for swift renovation action.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£218/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£512,644
10% above area average per sq ft
Potential ROI
+23.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: -1.2%
5 year growth: 21.9%
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

Morin Road, Preston, Paignton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,355
Based on a loan of £277,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE