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Queen Elizabeth Drive, Paignton, Devon, TQ3 - Image 1
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Queen Elizabeth Drive, Paignton, Devon, TQ3

South West

£160,000
Listed on 26/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
818 sqft

Description

This end-of-terrace three-bedroom property in Paignton presents a substantial opportunity for renovation enthusiasts. The ground floor comprises a spacious lounge that seamlessly connects to a separate dining room, alongside a kitchen located at the rear, which could be reconfigured to enhance modern living. Moving to the first floor, you'll find three generously sized bedrooms and a family bathroom featuring a classic three-piece suite, all of which would benefit from updating to meet contemporary standards. Externally, the property boasts side access and an enclosed garden area, ripe for landscaping possibilities that can significantly enhance outdoor appeal. While the home is generally sound, it requires comprehensive refurbishment and modernization, making it an ideal project for buyers with vision who aim to increase the property's value. Situated conveniently near local amenities, this property is perfect for first-time buyers eager to imprint their personal style or investors looking for a promising venture in the South West.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£196/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£247,400
10% above area average per sq ft
Potential ROI
+23.7%
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

Queen Elizabeth Drive, Paignton, Devon, 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
£586
Based on a loan of £120,000 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