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Totnes Road, Paignton, Devon, TQ4

South West

£600,000
Listed on 07/10/2025

Property Details

Bedrooms
10
Type
Detached house
Area
2161 sqft

Description

This distinctive property, available for the first time in many years, presents a compelling opportunity for renovation and investment. Configured as two interlinked 5-bedroom residences, it offers a variety of potential uses including the transformation into a grand single-family home, the development of rental apartments, or an ideal space for multi-generational living. Number 80 features a self-contained one-bedroom apartment with a spacious lounge, an open-plan kitchen and dining area, a shower room, and a generously sized bedroom. The adjoining section is integrated with Number 78, which adds four additional bedrooms along with a family bathroom. An attic room provides access to a roof terrace that boasts panoramic views of the bay and sea beyond. Both properties are complemented by front and rear gardens that enhance their outdoor appeal. Entering Number 78, you are greeted by an expansive entrance hall leading to a large lounge and conservatory area. The ground floor also includes a formal dining room, ground-floor shower room, and a kitchen with easy outdoor access. The first floor contains five double bedrooms—one equipped with an ensuite—and additional facilities including a separate shower room and WC. Both homes benefit from ample outdoor spaces at the front and back. Rich in history, these properties exhibit character through high ceilings, generous room sizes, and multiple cellars throughout. A parcel of land directly opposite offers off-street parking for several vehicles—a significant advantage in this location. Additionally, there is an existing water well beneath one of the bedrooms in the apartment; while currently sealed off, this feature could be reimagined as an attractive element during any renovations. This property is in need of modernization but holds vast potential to adapt its layout to meet various needs—whether that be creating upscale family living spaces or high-end rental units. Situated on Totnes Road in Paignton, you will find yourself within walking distance to the town center as well as Paignton’s lively seafront and harbor area. Local amenities are readily accessible nearby, with main bus links just five minutes away. With its combination of space and potential for improvement, this unique property invites exploration for those looking to invest in its future possibilities.

Investment Analysis

(TQ4 area)

Below Market Value

This property is priced -7.9% below area average per sq ft

-7.9%
Potential saving
This Property
£278/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£716,339
10% above area average per sq ft
Potential ROI
-15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ4)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -8.7%
5 year growth: 20.3%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 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