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Waterleat Avenue, Paignton, Devon TQ3

South West

£240,000

Listed on 10/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1078 sqft

Description

Nestled in the desirable area of Waterleat Avenue, Paignton, this three-bedroom elevated bungalow offers a prime opportunity for those looking to invest in a renovation project. The property boasts a spacious living room, a well-sized kitchen, three comfortable bedrooms, and a family bathroom, all presenting ample scope for modernization and personal touch. With its elevated position, residents can enjoy attractive views and an enclosed garden that provides ideal space for outdoor activities or relaxation. While the home has been maintained over the years, it is ripe for updates that could significantly enhance its value and appeal. This bungalow serves as an excellent canvas for buyers eager to craft their perfect living space in a sought-after location, close to local amenities and coastal attractions.

Investment analysis

(TQ3 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£223/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£328,941
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TQ3)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +8.3%
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

Waterleat Avenue, Paignton, Devon TQ3
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 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.

Stamp duty calculator

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