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Spencer Road, Paignton, TQ3

South West

£190,000
Listed on 07/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
840 sqft

Description

This three-bedroom semi-detached house presents a valuable opportunity for those looking to invest in a property with considerable potential for renovation. Situated in a desirable location within the South West, this home benefits from proximity to various local amenities, including shops, schools, and recreational facilities. Additionally, it offers excellent transport links for convenient commuting. The layout features an inviting entrance hall that leads into a spacious lounge and a separate dining area, both of which provide ample room for relaxation and gatherings. The kitchen is located at the rear of the house and includes useful storage; however, it is ready for modernisation to align with contemporary preferences. On the upper floor, you will find three generously sized bedrooms that can cater to family needs, guest stays, or even serve as home office spaces. Complementing this are a shower room and separate WC on the first floor, adding practicality for day-to-day living. Although the property requires updating throughout, this presents an exceptional chance for buyers to enhance its value and tailor it to personal tastes. With a flexible layout and size conducive to various refurbishment approaches—whether updating existing spaces or considering extensions (subject to relevant consents)—this home is ideal for families, first-time buyers, or investors aiming to capitalize on its location and potential. Viewings are encouraged to fully appreciate what this property can become.

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
£226/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£252,298
10% above area average per sq ft
Potential ROI
+9.7%
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
18%
Properties sold annually

Local Market Trend (TQ3)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -3.5%
5 year growth: 19.4%
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

Spencer Road, Paignton, 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
£696
Based on a loan of £142,500 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