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Manor Road, Preston, Paignton

South West

£140,000
Listed on 13/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
584 sqft

Description

Nestled in a convenient and accessible location, this one-bedroom first-floor apartment is just a short walk from Preston Beach and the seafront. The surroundings offer easy access to local shops, essential amenities, and public transport routes connecting to nearby towns including Paignton, Brixham, Torquay, and Newton Abbot. A local doctor’s surgery and a sub post office are also within close reach, enhancing the property’s appeal for both residents and potential renters. This apartment presents an exciting opportunity for renovation. While it requires modernization, it boasts an advantageous layout that includes a separate kitchen and lounge area, a bedroom, and a wet room. Upon entering, you’ll find an entrance lobby leading up to the first floor. The living space features PVCu double-glazed windows that allow natural light to filter through, as well as heating for comfort throughout the year. The property's exterior includes an easily manageable front garden with artificial grass surrounded by flower borders. This outdoor space offers potential for enhancement or landscaping improvements. Additionally, there is an allocated parking space available at the rear of the building—an increasingly valuable feature in busy coastal communities. With no onward chain, this property is not only suitable for personal use but also represents a solid investment opportunity. Given its location and available amenities, it holds great potential for rental income after renovations are completed. An internal viewing is encouraged to fully appreciate what this property has to offer. The apartment benefits from freehold tenure with maintenance costs shared equally between units, ensuring stability for prospective buyers looking towards long-term ownership or investment in this desirable area. The property falls under Council Tax Band A (Torbay Council).

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -12.8% below area average per sq ft

-12.8%
Potential saving
This Property
£240/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£176,628
10% above area average per sq ft
Potential ROI
+10.4%
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

Manor Road, 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
£513
Based on a loan of £105,000 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