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Southfield Avenue, Preston, Paignton

South West

£425,000
Listed on 01/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

Located in the sought-after area of Preston, this property offers excellent potential for renovation and investment. With convenient access to major road links including the Torbay Ring Road, A380, and M5, it is well-positioned for commuting to nearby towns such as Paignton and Torquay. The neighbourhood is bustling with local amenities, including shops, a doctor's surgery, and public transport links. Upon arrival, the property features a dual-access driveway with brick paving leading to the front door and a neatly maintained front garden predominantly laid to lawn. Inside, the entrance porch leads into a hallway that connects several main living areas. The lounge provides open sea views towards Thatcher Rock and is equipped with a fitted gas fire—an ideal spot for relaxation or future updates. The modern fitted kitchen opens into a dining room with patio doors leading to an enclosed south-facing garden—perfect for outdoor entertaining or family activities. This home includes three bedrooms: the master comes with an ensuite shower room while the other two bedrooms share a family shower room; both are functional yet could be refreshed during renovations. A noteworthy highlight is the spacious loft room accessible via a ladder from the hallway. It offers substantial storage or could be transformed into additional living space—subject to planning permissions—to take full advantage of the stunning sea views towards Berry Head. The extensive rear garden is private and includes both a patio area and lawn space, creating opportunities for landscaping or further development. Additionally, there is a garage equipped with power and light, providing further utility or workshop potential. This property represents an exciting opportunity for buyers looking to invest in an area with strong rental demand or enhance their own living space through thoughtful renovations.

Investment Analysis

(TQ3 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -7.7% over the last 12 months
3 year growth: -7.7%
5 year growth: +7.7%
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

Southfield Avenue, Preston, Paignton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,516
Based on a loan of £318,750 over 30 years at 3.97% 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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