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Southfield Avenue, Preston, Paignton

South West

£350,000

Listed on 09/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1421 sqft

Description

Located in a desirable residential neighborhood with convenient access to the Torbay Ring Road, this property presents an excellent opportunity for renovation and investment. The local amenities are within easy reach, including shops like Tesco and Sainsbury's, as well as medical and postal services. The beautiful Preston Beach and Seafront are also nearby, enhancing the appeal of the location. This three-bedroom detached bungalow is sold with no onward chain and requires modernization to unlock its full potential. The layout includes an entrance porch leading into a hallway that connects to a spacious lounge/dining room offering sea views. A fitted kitchen leads out to a conservatory that further enhances views of the sea and provides access to the rear garden. The bungalow consists of three bedrooms—two generous doubles—and a family bathroom/W.C. Outside, there is ample front garden space laid to lawn alongside a brick-paved driveway that leads to an integral garage equipped with an electric door. Access to both sides of the property allows for convenient movement around the exterior, which features an enclosed rear garden with mature shrubs and stunning sea vistas. An internal viewing is encouraged for those looking to envision their own update on this promising property.

Investment analysis

(TQ3 area)

Below Market Value

This property is priced -11.2% below area average per sq ft

-11.2%
Potential saving
This Property
£246/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£433,604
10% above area average per sq ft
Potential ROI
+11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +8.3%
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

Southfield Avenue, Preston, Paignton
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-6.7% since listed
£350,000£10,000(-2.8%)
11/07/2026
Current price
£360,000£15,000(-4.0%)
30/01/2026
£375,000Initial listing
07/10/2025

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