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Cleveland Road, Paignton

South West

£220,000
Listed on 01/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
740 sqft

Description

This two-bedroom ground-floor apartment, located in the sought-after Roundham area, offers a rare opportunity for buyers looking to invest and personalize their living space. With its own private garden and resident parking, this property is not only practical but also holds significant potential for improvement. The apartment requires full modernisation, providing an open canvas for creative renovation to align the space with your personal style and needs. The layout features a central hallway leading to a generously sized double-aspect lounge, which overlooks the private gardens, and a galley-style kitchen with direct garden access—ideal for creating an indoor-outdoor flow. Both bedrooms offer ample room, with the master benefiting from an en-suite bathroom that certainly enhances its appeal. In addition to the convenience of no onward chain facilitating a smoother purchase process, the surrounding neighborhood boasts excellent amenities and scenic coastal walks. This property represents a strong investment opportunity in an area known for its charm and desirability.

Investment Analysis

(TQ4 area)

Below Market Value

This property is priced -0.6% below area average per sq ft

-0.6%
Potential saving
This Property
£297/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£243,427
10% above area average per sq ft
Potential ROI
-9.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (TQ4)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -7.1%
5 year growth: +20.1%
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

Cleveland Road, 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
£793
Based on a loan of £165,000 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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