Worst House on the Street Logo
Manor Road, Preston, Paignton TQ3 - Image 1
Manor Road, Preston, Paignton TQ3 - Image 2
Manor Road, Preston, Paignton TQ3 - Image 3

Manor Road, Preston, Paignton TQ3

South West

£140,000
Listed on 17/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
584 sqft

Description

This first-floor one-bedroom apartment presents a promising opportunity for renovation enthusiasts and investors. Located within a short walk to Preston beach and the seafront, the property enjoys convenient access to local shops, amenities, and bus routes connecting to Paignton, Brixham, Torquay, and Newton Abbot. The apartment is sold with no onward chain and boasts an allocated parking space along with a manageable front garden area. The layout includes a welcoming entrance lobby leading to stairs that ascend to the main living areas. Here you will find separate doors leading into a lounge/kitchen space, a bedroom, and a wet room. The kitchen is fitted with wall and base units alongside essential appliances, while the wet room features practical amenities including an electric shower. The property’s exterior includes low-maintenance astroturf in the front garden complemented by flower borders, providing potential for outdoor improvement or landscaping. This flat not only offers comfortable living but also has significant scope for enhancement through modernisation efforts. Given its freehold status of the building—with shared maintenance with the ground floor flat—this is an ideal investment opportunity for those looking to create value in a desirable coastal region.

Investment Analysis

(TQ3 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£240/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£178,523
10% above area average per sq ft
Potential ROI
+8.2%
After renovation
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

Manor Road, Preston, Paignton TQ3
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 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

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.

Allcott Associates