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St. Michaels Road, Paignton

South West

£125,000
Listed on 24/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom home, located in the sought-after St Michaels area, offers a promising canvas for those looking to invest in a property with significant renovation potential. While the current condition reflects years of loving habitation, it now presents an opportunity for modernisation that would appeal to both first-time buyers and seasoned investors. The spacious layout features a light-filled lounge/dining area ideal for reconfiguration into a more contemporary living space. The separate kitchen, which leads to the garden, is primed for updates or potential extension, allowing buyers to create their dream culinary environment. Upstairs, two generous double bedrooms provide ample room for furnishings and personalisation. Completing this property is a well-sized family bathroom that is ready for transformation into a stylish retreat. This home is ripe for improvement and invites prospective buyers to envision their own design while benefiting from the strong local market.

Investment Analysis

(TQ4 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ4)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -8.7%
5 year growth: 20.3%
Investment Disclaimer: Analysis based on TQ4 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

St. Michaels Road, 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
£458
Based on a loan of £93,750 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