Seaway Road, Paignton, TQ3
South West
£285,000
Listed on 12/10/2026
Listed on 12/10/2026
The listing
Property details
Bedrooms
N/AType
Mixed UseArea
2832 sqftFeatures
- Garage
- Tenanted
Description
This freehold mixed-use building in Preston, Paignton, comprises a ground-floor shop with additional stores and two garages, plus two self-contained flats above. The shop provides an open trading area of about 167.8 sq m, with four further rooms, a preparation area and WC. The flats are a one-bedroom unit of approximately 52.5 sq m and a second one-bedroom unit of approximately 42.8 sq m. The property is currently let throughout, with lease and tenancy details available from the agent.
A second-floor loft room and adjoining roof space extend to approximately 88.7 sq m including the eaves. Conversion may be possible subject to planning permission, building regulations and other required consents. The building occupies a corner position on Seaway Road, around a two-minute walk from the seafront, with local amenities nearby and Paignton station approximately a mile away. The commercial unit and Flat 2 have EPC ratings of D; the rating for Flat 2A is to be confirmed. The shop has a stated rateable value of £11,250.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
76out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £285,000, this is a substantial freehold mixed-use property offered at about £101 per sq ft, well below the local average of £277 per sq ft—a strong acquisition point for a WHOTS buyer. The shop has generous corner frontage and a fitted commercial interior, while the two flats appear occupied and serviceable; the dated kitchen and bathroom finishes offer scope for a light cosmetic refresh rather than a major overhaul. The listing says all units are let, providing established income from the existing tenancies.
The standout value-add is the roughly 955 sq ft loft and roof space, which may offer potential for conversion subject to planning, building regulations and feasibility. The visible exterior appears ordinarily maintained, though the rear service area and hardstanding are worn. The £5,000–£12,000 renovation range points to a relatively contained improvement project alongside that longer-term opportunity.
Key opportunities
- Acquire a 2,832 sq ft mixed-use property at about £101 per sq ft, substantially below the local average.
- Refresh the dated flat kitchen and bathroom finishes with a light, targeted cosmetic programme.
- Explore the approximately 955 sq ft loft and roof space for potential conversion, subject to planning, building regulations and feasibility.
Key risks
None recorded.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,077
Based on a loan of £213,750 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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This calculation uses non-residential (land/commercial) tax rates.
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