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Waterleat Avenue, Paignton

South West

£180,000
Listed on 04/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
787 sqft

Description

Nestled in a sought-after residential neighborhood, this two-bedroom mid-terraced bungalow presents an exciting opportunity for renovation and investment. Its proximity to essential amenities, including local shops and major supermarkets like Morrisons, Asda, and Sainsbury's, ensures convenience for daily living. Additionally, the nearby bus route provides easy access for commuting or exploring the surrounding areas. Located on the outskirts of Paignton, residents can enjoy a peaceful atmosphere while still being close to the Torbay Ring Road. The property is being sold with no onward chain and requires modernisation, making it ideal for buyers looking to customize their living space or investors seeking rental potential. The layout includes an entrance porch leading into a spacious lounge that benefits from natural light through a large window. Adjacent to the lounge is a kitchen/dining area that opens up to the rear garden and offers views of the countryside beyond. This space features practical elements such as built-in cupboards and a breakfast bar, along with room for appliances. Upstairs, you'll find two bedrooms equipped with fitted wardrobes and a view of the surrounding landscape from the second bedroom. The bathroom features necessary fittings but represents an opportunity for updating according to personal taste. Externally, off-road parking is available at the front of the property along with steps down to the entrance. The rear garden is enclosed and presents possibilities for landscaping or outdoor entertaining; it includes both lawned areas and paved sections that capture afternoon sun and offer picturesque field views. This property not only allows prospective owners to impart their own style but also stands as a promising investment due to its location and potential value enhancement through renovation. An internal viewing is encouraged to fully appreciate what this home has to offer.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£229/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£239,236
10% above area average per sq ft
Potential ROI
+16.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -4.7%
5 year growth: +17.3%
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

Waterleat Avenue, Paignton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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