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Laura Grove, Paignton, Devon

South West

£375,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1692 sqft

Description

This five-bedroom detached bungalow offers a promising renovation project with ample potential to restore it as a wonderful family residence. The property boasts appealing sea views, off-road parking, and a garage, accompanied by a spacious rear garden that also awaits reimagining. Internally, the layout features a welcoming reception hallway leading to a large living/dining area, kitchen, study, utility room, and five well-sized bedrooms, two of which include en-suite bathrooms. Additional amenities include a shower room and separate WC. Notably, there’s a substantial cellar accessed via exterior steps and two undercroft storage spaces that provide extra utility. Positioned in a desirable residential locale just two miles from the bustling Paignton town centre—with its variety of shops and services—the home enjoys proximity to Oldway Primary School and convenient access to major routes connecting Torquay and Newton Abbot. This property is an excellent choice for buyers looking for an investment with considerable scope for enhancement.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£222/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£511,737
10% above area average per sq ft
Potential ROI
+12.5%
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

Laura Grove, Paignton, Devon
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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
£1,374
Based on a loan of £281,250 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