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Waterleat Close, Paignton

South West

£250,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
695 sqft

Description

This two-bedroom semi-detached bungalow is nestled in a serene cul-de-sac, providing a peaceful environment while still being conveniently close to essential amenities. The property is easily accessible from the Torbay Ring Road, making commuting straightforward. Nearby, residents can find supermarkets, schools, and local bus routes, ensuring that daily errands and transportation needs are well catered for. For those who enjoy outdoor activities, Primley Woods is just a short distance away—an ideal spot for dog walkers and nature enthusiasts. The bungalow itself requires some modernization, offering a prime opportunity for buyers looking to invest and create their dream home. With no onward chain, the property allows for a smooth transition and immediate planning of renovations. Upon entering, you're greeted by a spacious entrance porch that provides access to both the rear garden and the main hallway. The living area boasts a generous lounge/dining room featuring large windows that frame pleasant sea views extending toward Torquay. This space has significant potential for reconfiguration or updates to enhance its appeal further. The kitchen/breakfast room also includes views of the water and is equipped with various wall and base units along with ample space for essential appliances. Both bedrooms are well-sized doubles, each with fitted wardrobes and windows overlooking the private rear garden. The shower room/WC has been partially updated but presents an excellent opportunity for full renovation to modernize the space according to personal tastes. Outside, the property offers practical features such as off-road parking in front of a garage equipped with power and light—an invaluable addition for anyone seeking extra storage or workshop space. The front garden is laid to lawn while the enclosed rear garden ensures privacy, comprising mostly lawn with some established shrubs and bushes alongside a slabbed patio area. Overall, this bungalow presents not just a home but also an investment opportunity in a sought-after location with significant potential for enhancement through renovation. An internal viewing could reveal how this space can be transformed into something truly special.

Investment Analysis

(TQ3 area)

Above Market Value

This property is priced +30.8% above area average per sq ft

+30.8%
This Property
£360/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£210,199
10% above area average per sq ft
Potential ROI
-24.9%
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

Waterleat 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
£916
Based on a loan of £187,500 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