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Princes Street, Paignton

South West

£160,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This charming 18th-century cottage is situated just a short walk from the heart of Paignton, offering a blend of character and potential for renovation or investment. The property features two bedrooms and a spacious family bathroom, making it suitable for both first-time buyers and investors looking to enhance its value. Upon entering, you’ll find a welcoming living room that retains many original elements, including beautiful parquet flooring and an authentic fireplace. This space is well-lit with a front-facing UPVC double-glazed window, offering both comfort and warmth through gas central heating. The kitchen/breakfast room reflects a country-style aesthetic with shaker-style cabinetry and includes essential appliances such as an electric oven and gas hob. The layout allows for versatile use, accommodating a small dining area while providing access to the outdoor courtyard via a rustic barn-style door. The first floor contains two bedrooms—one notably spacious—each benefiting from UPVC double-glazed windows that fill the rooms with natural light. Built-in wardrobes in the master bedroom add practicality without compromising on space. The contemporary bathroom features modern fixtures like a walk-in shower unit alongside a bathtub, which could easily be refreshed to suit personal tastes. The rear garden is designed for low maintenance, primarily laid with astro turf, bordered by raised flower beds that could be revitalized or redesigned into your own outdoor retreat. Additionally, there are two outbuildings that present further opportunities for storage or conversion into usable space. Located within close proximity to local amenities and transport links, this property not only offers immediate comfort but also holds significant investment potential through thoughtful updates and enhancements. With its historical charm preserved yet awaiting modernization, this cottage presents an ideal opportunity to create value in a desirable area.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Princes Street, 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
£586
Based on a loan of £120,000 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