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Queen Elizabeth Drive, Paignton, Devon, TQ3

South West

£160,000
Listed on 14/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
942 sqft

Description

This end-terrace three-bedroom property is a prime opportunity for investors and developers interested in a full renovation. The spacious layout provides ample room for creative reimagining, making it an ideal project for those looking to enhance value through modernisation. The ground floor features a sizeable lounge/diner, perfect for flexible living arrangements, alongside a separate kitchen that has potential for redesign and extension. A convenient ground-floor W.C. adds to the functionality of this level. Upstairs, three well-sized bedrooms await, including a principal bedroom that offers generous space. The family bathroom is located conveniently off the landing. Outside, the garden area presents further landscaping opportunities that could enhance the property’s appeal. Situated near local amenities and transport links, this property is close to Paignton town centre, making it advantageous for both family living and rental prospects. This home is in need of comprehensive renovation, offering an excellent chance to transform it into a stylish residence or a lucrative rental investment. Viewing is strongly advised for those seeking a valuable project with significant potential.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -37.8% below area average per sq ft

-37.8%
Potential saving
This Property
£170/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£282,934
10% above area average per sq ft
Potential ROI
+17.9%
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

Queen Elizabeth Drive, Paignton, Devon, 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
£586
Based on a loan of £120,000 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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