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Development Site, Paignton

South West

£265,000
Listed on 20/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for developers or investors interested in a multi-plot project in a desirable location. Set within an elevated position, the site spans approximately 0.27 hectares (0.66 acres) and boasts expansive coastal views that enhance its appeal. Currently, there is planning permission granted by Torbay Council for the construction of three substantial detached executive homes. However, the potential of this site extends beyond the existing plans. There is scope to explore alternative development schemes, including possibly increasing the density of units, pending necessary approvals. In terms of previous activity, additional planning applications have been submitted in recent years aimed at expanding the project’s scope. Notably, plans were proposed for constructing multiple three-bedroom detached and semi-detached homes, indicating flexibility in development options that could further maximize the site's potential. As a freehold property, it offers stability and long-term value for future projects. With its attractive setting and development possibilities, this site represents a compelling investment opportunity for those looking to make their mark in a thriving area. Viewing is available by appointment only for interested parties considering this promising venture.

Investment Analysis

(TQ3 area)
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
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

Development Site, Paignton
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£971
Based on a loan of £198,750 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.

Next Steps

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