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Auction Lot: Cottage in Paignton, Devon, Devon - Image 1
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Auction Lot: Cottage in Paignton, Devon, Devon

South West

£45,000Guide Price

Listed on 12/06/2026

Property details

Bedrooms
N/A
Type
Mixed Use

Description

This single-storey cottage, situated conveniently near the center of Paignton, presents a unique investment opportunity. Historically rented out for £600 per month, it has proven rental potential. There's an exciting prospect to expand the living space by potentially adding a flat at the first floor, subject to obtaining the required planning permissions. This property offers a canvas for renovation enthusiasts looking to enhance its current accommodation or create additional living areas.

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Investment analysis

(TQ3 area)
Area Average
£277/sq ft
Avg Rent (weekly)
£238
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
36
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +8.3%
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

Auction Lot: Cottage in Paignton, Devon, Devon
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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