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Marldon Grove, Marldon, Paignton - Image 1
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Marldon Grove, Marldon, Paignton

South West

£289,950
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
567 sqft

Description

Nestled in the charming village of Marldon, this detached bungalow presents a unique opportunity for renovation and investment. The property is located within an exclusive private development, providing a tranquil setting while still being conveniently close to local amenities such as a post office, convenience store, public houses, and a primary school. Furthermore, its proximity to essential transport links—including the Ring Road to Torbay and the A380 leading to Exeter—enhances its appeal for future tenants or buyers. The bungalow itself requires modernisation, making it an ideal project for those looking to add value through renovations. Its layout features an entrance lobby that leads into a cozy lounge equipped with a gas fire and large built-in storage. The kitchen/breakfast room provides ample space for culinary activity and dining, boasting fitted units along with integrated appliances. This property offers two bedrooms: one has direct access to the rear garden through double doors, while both rooms benefit from generous built-in cupboards for additional storage. A well-sized bathroom completes the internal layout. Externally, the front and rear gardens are currently uncultivated but present significant potential for landscaping and personal touches. The enclosed rear garden offers privacy, making it an inviting space for outdoor activities. Additionally, there is side access and a useful external store positioned next to the house. Parking won't be an issue with allocated space for two vehicles. It’s worth noting that there is a monthly maintenance charge of £40 for communal grounds upkeep—an important consideration for any future investment plans. With its location in Marldon and promising renovation potential, this property represents a valuable opportunity in a sought-after area of South Hams.

Investment Analysis

(TQ3 area)

Above Market Value

This property is priced +86.0% above area average per sq ft

+86.0%
This Property
£511/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£171,486
10% above area average per sq ft
Potential ROI
-45.6%
After renovation
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

Marldon Grove, Marldon, 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
£1,062
Based on a loan of £217,462 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