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The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 1
The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 2
The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 3
The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 4
The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 5
The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH - Image 6

The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH

South West

£50,000
Listed on 07/05/2026

Property Details

Bedrooms
4
Type
Cottage
Area
253 sqft

Description

This ground floor studio apartment is situated in proximity to Paignton town centre and has a history of generating rental income at £600 per calendar month. The property presents significant potential for further development; there is an opportunity to add another flat or enhance the existing accommodation on the first floor, pending the necessary planning approvals. Currently featuring an open plan living space with kitchen facilities and a separate shower room, this studio offers a blank canvas for creative renovations. Additionally, a courtyard garden provides outdoor space that could be improved or transformed into an inviting area. The property is sold freehold and comes with an Energy Performance Certificate rating of D, indicating room for energy efficiency enhancements. Ideal for investors or those looking to customize their living space, this apartment warrants consideration in the current property market.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£198/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£77,340
10% above area average per sq ft
Potential ROI
-9.0%
After renovation
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

The Cottage, R/O 46 Church Street, Paignton, Devon TQ3 3AH
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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
£178
Based on a loan of £37,500 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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