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Cleveland Road, Paignton TQ4

South West

£220,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom ground-floor apartment presents a unique opportunity in the sought-after Roundham area. With its own private garden and the added convenience of resident parking, it has tremendous potential for those looking to invest in a property that requires modernisation. The flat is available with no onward chain, making it an attractive option for buyers seeking a straightforward acquisition process. Inside, you’ll find a well-proportioned layout with a central hallway leading to all principal rooms. While modern updates are needed throughout, this allows the new owner to tailor the space according to their personal style and preferences. The spacious double-aspect lounge benefits from abundant natural light and offers views of the garden—a perfect place for relaxation or entertaining. The galley-style kitchen, though in need of refurbishment, has direct access to the garden which enhances its practicality. The master bedroom includes an en-suite bathroom that requires updating but adds valuable privacy, while the second bedroom can flexibly serve as guest space or a home office. The guest bathroom also needs modernisation but is conveniently located near both bedrooms. Outside, the private garden is a standout feature for apartment living—an ideal retreat for outdoor dining or simply enjoying peaceful moments in nature. This is a rare benefit that elevates this property’s appeal significantly and paves the way for a thoughtful renovation that could transform it into a charming long-term residence.

Investment Analysis

(TQ4 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TQ4)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -8.7%
5 year growth: 20.3%
Investment Disclaimer: Analysis based on TQ4 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

Cleveland Road, Paignton TQ4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE