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Pines Road, Paignton, TQ3

South West

£260,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents a unique opportunity for renovation and investment in a desirable and accessible location, just a short distance from Paignton town center. Its proximity to local shops and amenities adds to its appeal, making this property an attractive option for both homeowners and investors alike. Upon arrival, the property features a spacious driveway that can accommodate multiple vehicles, enhancing convenience and accessibility. Inside, the welcoming hallway provides a practical entry point with space for a small dining setup and includes a storage cupboard for additional functionality. The kitchen is filled with natural light thanks to double aspect windows. It offers an array of wall and base units with ample work surfaces, along with provisions for a 'Rangemaster' style cooker and fridge/freezer. Adjacent to the kitchen is a utility area equipped with plumbing for laundry appliances, which also provides access to the expansive wrap-around garden—an inviting outdoor space that could be transformed into your ideal retreat. The living room is generously sized, bathed in sunlight, and ready for your personal finishing touches. This versatile area serves as an excellent backdrop for both relaxation and social gatherings. Two spacious double bedrooms fill the home with light and offer potential for customization according to your preferences. The family-sized bathroom is functional as it stands but could benefit from modern updates to enhance comfort. The south-facing wrap-around garden showcases various possibilities; with patio areas perfect for outdoor furniture, tiered lawns, and sufficient room for storage sheds. Additionally, it provides access to a basement currently used for storage but holding considerable conversion potential pending necessary approvals. Other noteworthy features include gas central heating and double-glazed windows throughout. With its combination of location benefits and renovation potential, this property represents an excellent investment opportunity or canvas to create your dream home. Council Tax Band: B (Torbay Council). Tenure: Freehold with restrictive covenants may apply.

Investment Analysis

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

Renovation Potential

Light 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
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

Pines Road, Paignton, TQ3
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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
£952
Based on a loan of £195,000 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