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Ramshill Road, Paignton TQ3

South West

£100,000
Listed on 27/07/2025

Property Details

Bedrooms
2
Type
Flat

Description

This first-floor apartment offers a solid foundation for both comfortable living and investment potential. The space features two well-proportioned double bedrooms, making it suitable for individuals or small families seeking room to grow. A wet room is included, which currently serves its purpose but presents an opportunity for modernization; upgrading this area could enhance both its functionality and aesthetic appeal. The main living room is spacious and filled with natural light, providing a welcoming environment that can easily be tailored to suit various styles of decor. Additionally, the functional galley kitchen allows for efficient meal preparation, though there is potential here to create a more contemporary open-plan layout if desired. One of the notable highlights of this property is the private rear garden, a rare find in apartments, offering residents an outdoor retreat to relax or entertain. This green space could be transformed into a more inviting garden oasis with some thoughtful landscaping. Located in a desirable neighborhood, this apartment benefits from local amenities and transport links that enhance its appeal as an investment. The area shows signs of growth and development, indicating strong rental demand and long-term value appreciation. This leasehold property comes with a 100-year lease and flexible rental options make it attractive for investors looking to capitalize on the burgeoning market. Pets are also permitted, broadening the appeal to prospective tenants or buyers. Overall, this apartment represents an excellent opportunity for those interested in renovation projects within a promising location.

Investment Analysis

(TQ3 area)
Area Average
£275/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Monthly Sales
19
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (TQ3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.3%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on TQ3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Ramshill Road, Paignton TQ3
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