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Totnes Road, Paignton

South West

£875,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1357 sqft

Description

This property presents a notable investment opportunity, featuring a versatile bungalow situated on the outskirts of Paignton. With its direct access to Totnes Road and strong transport links to Totnes, Torquay, and the South Devon area, it is strategically positioned for future development or diversification opportunities, pending appropriate planning consent. The property includes a modern three-bedroom bungalow constructed in 2013, which while well-maintained may benefit from some light enhancements. The surrounding agricultural buildings offer considerable potential; they could be repurposed under existing Class Q or Class R permitted development rights for residential or commercial uses, increasing their value significantly. The bungalow itself consists of an entrance lobby leading to a cozy sitting room with a log-burning stove and a garden room that opens up to pleasant views of the landscaped gardens. Its layout also includes a functional kitchen with adjoining utility space and comfortable bedrooms with ample storage. The grounds are lushly planted and include parking dedicated to the bungalow. The property encompasses additional structures such as stables and various agricultural buildings, creating possibilities for equestrian or storage use along with ample grazing land in the adjacent paddock. Given its location, condition, and potential for multiple alternative uses, this property is ripe for investment and renovation aimed at maximizing its inherent value.

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Investment analysis

(TQ4 area)

Above Market Value

This property is priced +118.1% above area average per sq ft

+118.1%
This Property
£645/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£441,317
10% above area average per sq ft
Potential ROI
-52.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TQ4)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -4.5%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on TQ4 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

Totnes Road, Paignton
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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
£3,306
Based on a loan of £656,250 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

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