Worst House on the Street Logo
Waterleat Road, Paignton, Devon, TQ3 - Image 1
Waterleat Road, Paignton, Devon, TQ3 - Image 2
Waterleat Road, Paignton, Devon, TQ3 - Image 3
Waterleat Road, Paignton, Devon, TQ3 - Image 4
Waterleat Road, Paignton, Devon, TQ3 - Image 5
Waterleat Road, Paignton, Devon, TQ3 - Image 6
Waterleat Road, Paignton, Devon, TQ3 - Image 7
Waterleat Road, Paignton, Devon, TQ3 - Image 8
Waterleat Road, Paignton, Devon, TQ3 - Image 9
Waterleat Road, Paignton, Devon, TQ3 - Image 10
Waterleat Road, Paignton, Devon, TQ3 - Image 11
Waterleat Road, Paignton, Devon, TQ3 - Image 12
Waterleat Road, Paignton, Devon, TQ3 - Image 13
Waterleat Road, Paignton, Devon, TQ3 - Image 14
Waterleat Road, Paignton, Devon, TQ3 - Image 15
Waterleat Road, Paignton, Devon, TQ3 - Image 16
Waterleat Road, Paignton, Devon, TQ3 - Image 17
Waterleat Road, Paignton, Devon, TQ3 - Image 18
Waterleat Road, Paignton, Devon, TQ3 - Image 19
Waterleat Road, Paignton, Devon, TQ3 - Image 20

Waterleat Road, Paignton, Devon, TQ3

South West

£200,000

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
1016 sqft

Description

This two-bedroom terraced home offers a substantial opportunity for renovation and modernisation, making it an attractive prospect for first-time buyers or investors. Situated conveniently near Paignton Academy, local supermarkets, Paignton Zoo, and other amenities, this property is well-placed for both everyday living and investment potential. The layout spans three levels, beginning with a welcoming entrance porch that leads into a hallway and access to a generous garage on the ground floor. The first floor hosts an expansive lounge exceeding 16ft in length, featuring beautiful countryside views, along with a kitchen/dining room that opens directly to the rear garden. The second floor includes two sizable bedrooms, highlighted by a principal bedroom that stretches across the full width of the house, also taking advantage of those stunning views. A shower room completes this upper level. In need of improvements throughout, this property presents incredible scope to add value and tailor the space to personal taste. The tiered rear garden offers a blank canvas ready for landscaping work, allowing new owners to create their dream outdoor setting. With its generous accommodation and superb potential for enhancement, early viewing is advisable for those looking to step onto the property ladder or seeking a solid refurbishment project.

Investment analysis

(TQ3 area)

Below Market Value

This property is priced -29.0% below area average per sq ft

-29.0%
Potential saving
This Property
£197/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£310,022
10% above area average per sq ft
Potential ROI
+26.5%
After renovation
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

Waterleat Road, Paignton, Devon, TQ3
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.