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30 Torquay Road, Paignton, Devon TQ3 3AB - Image 1
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30 Torquay Road, Paignton, Devon TQ3 3AB

South West

£150,000
Listed on 30/03/2026

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This property presents a notable opportunity for investors and developers in the heart of Paignton. Spanning approximately 397m², this former bank building has received planning approval to creatively adapt its layout into a mixed-use development. The proposed plans include transforming the ground floor into a vibrant commercial or retail space, while the first floor is set to feature three self-contained residential flats—two one-bedroom units and one two-bedroom unit. With detailed planning permissions already in place (referencing P/2024/0873, P/2025/0249, P/2025/0661), this project promises substantial returns upon completion. The location offers excellent exposure, ideal for both retail ventures and residential living, making it a prime candidate for refurbishment aimed at optimizing rental yield or resale value.

Investment Analysis

(TQ3 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£207
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -5.6%
5 year growth: +13.9%
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

30 Torquay Road, Paignton, Devon TQ3 3AB
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 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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