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Southfield Avenue, Preston, Paignton

South West

£375,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1421 sqft

Description

Nestled in a sought-after residential location, this three-bedroom detached bungalow offers an excellent opportunity for renovation and investment potential. The property is conveniently located near the Torbay Ring Road and just a stone's throw away from local amenities in Preston, such as Tesco, Sainsbury's, and a doctor's surgery. Additionally, the picturesque Preston Beach & Seafront is within easy reach.<br><br>Though currently requiring some modernisation, this home features a welcoming entrance porch that leads into a hallway with convenient access to various rooms. The spacious lounge/dining area boasts panoramic sea views through PVCu double-glazed windows, while the fitted kitchen connects to a conservatory—a prime spot to enjoy the coastal scenery and access to the garden.<br><br>The layout includes three bedrooms, with two generously sized doubles, along with a functional bathroom/WC. Outside, the property benefits from front and rear gardens; the latter offering privacy alongside lovely sea views. The brick-paved driveway provides ample parking and leads to an electric door garage.<br><br>This bungalow presents significant improvement opportunities that can enhance both its charm and value. An internal viewing is highly recommended for those looking to create their ideal home by the coast.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -4.0% below area average per sq ft

-4.0%
Potential saving
This Property
£264/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£429,774
10% above area average per sq ft
Potential ROI
+3.6%
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

Southfield Avenue, Preston, 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
£1,374
Based on a loan of £281,250 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