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Waterleat Road, Paignton

South West

£260,000
Listed on 21/02/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached bungalow is nestled in a desirable area of Paignton, benefiting from an attractive corner plot that offers both privacy and abundant outdoor space. The property presents significant renovation and investment potential, making it an ideal canvas for those looking to create their dream home or capitalize on the area's growing property market. Upon entering the bungalow, you are greeted by a welcoming hallway that leads into a spacious open-plan lounge, kitchen, and dining area. Large windows provide natural light and picturesque countryside views, enhancing the serene atmosphere of the interior. The living space is well-suited for entertaining or quiet evenings at home. The bungalow features two generous double bedrooms, each with ample natural light and comfortable accommodations. A family bathroom completes the interior layout, offering essential amenities while leaving room for possible updates to suit modern tastes. One of the most appealing aspects of this property is its expansive garden. The outdoor space includes well-maintained lawn areas and a patio that wraps around the bungalow, creating numerous possibilities for gardening enthusiasts or those seeking to extend the living area (subject to necessary planning permissions). Additional conveniences include driveway parking and a garage, further increasing the property's functionality. Located within reach of local amenities and transport links, this bungalow combines a peaceful residential setting with accessibility to urban conveniences. With its unique features and considerable scope for personal touches or alterations, this property represents an exciting opportunity for buyers looking to invest in Paignton’s promising real estate landscape. Early viewings are encouraged to fully appreciate what this potential-filled home has to offer.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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

Waterleat Road, 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
£952
Based on a loan of £195,000 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