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Totnes Road, Paignton, Devon, TQ4

South West

£585,000
Listed on 28/12/2025

Property Details

Bedrooms
10
Type
Detached house
Area
2161 sqft

Description

This distinctive character property, on the market for the first time in many years, presents a unique opportunity ripe for transformation and investment. Currently arranged as two connected five-bedroom residences, this home can be reimagined into a grand single-family dwelling, multiple self-contained apartments for rental income, or a versatile multi-generational living space. The layout includes Number 80, which features a partially separate one-bedroom apartment with a spacious lounge, open-plan kitchen/diner, shower room, and sizable bedroom. It is integrated with Number 78 which adds four more bedrooms, a family bathroom, and an attic room complete with access to a roof terrace that boasts impressive bay views. Both properties enjoy front and rear garden spaces. Number 78 greets visitors with an expansive entrance hall leading to a large lounge and conservatory area, along with a formal dining room and ground floor shower room. The well-proportioned kitchen has direct access to outdoor spaces. The first floor features five double bedrooms (including one ensuite), in addition to another shower room and WC. This property is also enhanced by ample outdoor areas at both the front and back. Rich in history and character, these homes feature high ceilings and generous room sizes complemented by several cellars throughout the property. Notably, there is potential for private parking for multiple vehicles across the road on an additional plot of land, adding significant value. A water well located below the apartment could be restored as a charming feature. Neatly situated on Totnes Road in Paignton, this location provides convenient access to the town centre and Paignton’s attractive seafront and harbour. Local amenities are within easy reach, with main bus links just five minutes away. Given its need for modernization, this property offers vast potential to adapt its layout according to various needs—whether that be creating luxury family accommodations or high-end rental units.

Investment Analysis

(TQ4 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£271/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£710,872
10% above area average per sq ft
Potential ROI
+0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (TQ4)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -7.1%
5 year growth: +20.1%
Investment Disclaimer: Analysis based on TQ4 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

Totnes Road, Paignton, Devon, TQ4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,110
Based on a loan of £438,750 over 30 years at 4.06% 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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