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Silver Bridge Close Paignton

South West

£189,950
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat, located on the lower floor of a purpose-built building, presents a promising opportunity for renovation and investment. With expansive sea and coastal views, this property allows you to envision a transformation that could enhance both comfort and value. The spacious lounge/dining room features full-height double glazed windows and a sliding patio door that leads out to a balcony, offering an ideal spot to enjoy the tranquil vistas. While the interior benefits from natural light, it would greatly benefit from modernization to create a more contemporary living space. The adjacent kitchen is positioned towards the rear of the property and requires re-fitting; it provides a blank canvas for potential buyers to design their dream kitchen tailored to their preferences. The flat includes two bedrooms, both equipped with built-in wardrobes. The main bedroom also boasts sea views through its double-glazed window, making it an appealing feature for future residents. A functional bathroom with a shower over the bath completes the accommodation. Surrounding the building are well-maintained communal gardens that add greenery and space for relaxation. Access to shared carport parking is available via a driveway from Silver Bridge Close. In terms of location, this property is conveniently situated within walking distance of Cherry Brook Square, where essential amenities such as a Co-Op supermarket, Boots Pharmacy, bakery, and medical facilities can be found. Public transportation options are readily accessible with bus services along Dartmouth Road connecting to Brixham and Paignton town centers. Additionally, Broadsands Beach and scenic coastal footpaths are just a short distance away. The flat has significant potential for improvement and customization, making it an attractive option for those looking to invest in real estate or seeking a project that can realize substantial value enhancement in an appealing coastal location. With 131 years remaining on the lease (originally established for 189 years), maintenance charges are approximately £2,400 annually, covering essential services such as building insurance and maintenance of shared areas. Please note that subletting is not permitted without prior consent, and pet ownership requires approval. This property combines classic charm with an opportunity for modern development in an enviable locale—ideal for those seeking to invest in both lifestyle and value.

Investment Analysis

(TQ4 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.9%

Renovation Potential

Medium 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
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

Silver Bridge Close 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
£696
Based on a loan of £142,462 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