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Cedar Road, Paignton, TQ3

South West

£425,000

Listed on 28/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1459 sqft

Description

This spacious three-bedroom detached home is located in a sought-after area of Preston, presenting an excellent investment opportunity. The property features an entrance porch and hallway that leads into a generous lounge accentuated by a bay window. A separate dining room also boasts a bay window with views of the rear garden, complemented by a charming window seat. The kitchen/breakfast room provides ample space for culinary activities, while a rear conservatory extends the living area and connects to the outside. A conveniently placed downstairs WC adds practicality for guests. Upstairs, you'll find two well-sized double bedrooms alongside a decent single bedroom, serviced by a bathroom/WC. While the interior requires some updating to enhance its appeal and functionality, it already benefits from gas central heating and uPVC double glazing. The exterior comprises a block-paved driveway leading to a garage equipped with electric light and power, as well as access to the kitchen. The front offers additional parking space, while the rear garden is primarily laid to lawn with pleasing distant sea views, enriched by flower beds and rockeries plus paved areas perfect for relaxing or entertaining. There’s also a timber garden shed for storage needs. This property holds significant potential for renovation and modernization, making it an attractive proposition for investors or those looking to create their ideal home.

Investment Analysis

(TQ3 area)

Above Market Value

This property is priced +4.9% above area average per sq ft

+4.9%
This Property
£291/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£445,681
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -8.2% over the last 12 months
3 year growth: -9.0%
5 year growth: +6.5%
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

Cedar Road, Paignton, TQ3
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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
£1,606
Based on a loan of £318,750 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.

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