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Potential Development Site, Paignton, Devon TQ3

South West

£300,000

Listed on 16/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This land parcel, extending to approximately 0.28 hectares (0.68 acres), presents a significant development opportunity on the northwestern outskirts of Paignton. Identified in the Torbay Local Plan 2022-2040 as a potential site for around 10 residential units (reference H2P05), this vacant plot has also been recognized in the 2021 Housing and Economic Land Availability Assessment under reference 21P081 as suitable for future development. The gently sloping land is bordered by established residential properties on three sides, while to the north lies Luscombe Lane and further agricultural land earmarked for similar developments, including a recently approved discount supermarket nearby from May 2022. Paignton, part of the picturesque English Riviera alongside Torquay and Brixham, offers an array of local amenities from shopping to healthcare, complemented by excellent transport links via National Rail services and major road networks leading to Exeter. This property benefits from its location within a vibrant community that is experiencing growth and development. The freehold land is available via private treaty, with offers being welcomed conditionally subject to planning approval. There may be consideration for unconditional offers as well. Prospective buyers are encouraged to conduct their own research regarding utility availability, as connections are likely accessible given the proximity of existing residential areas. Viewing is strictly by appointment.

Investment Analysis

(TQ3 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -7.7% over the last 12 months
3 year growth: -7.7%
5 year growth: +7.7%
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

Potential Development Site, Paignton, Devon TQ3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £225,000 over 30 years at 3.97% 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.

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