Freehold, chain-free two-bedroom flat with mains gas heating
Compact footprint ~495 sq ft — small internal space
Victorian red-brick building with period features, some external maintenance needed
Cosmetic updating and possible insulation improvements required
Close to shops, schools and frequent bus routes; fast broadband
Low Council Tax (Band A) and no flood risk; crime reported low
Area classified as deprived — local incomes constrained, affects yields
Excellent mobile signal, suitable for letting or remote working
This compact two-bedroom flat in Merritt Flats offers an affordable, chain-free entry into Paignton’s housing market. The freehold tenure removes ground rent and service charge worries, and mains gas central heating plus double glazing provide straightforward, low-cost comfort. At around 495 sq ft the accommodation is modest but practical: two double bedrooms, a fitted kitchen and a bright reception room with large windows.
The building is a Victorian red-brick block with period character and external details, though some external maintenance and internal updating are likely needed. The flat would benefit from cosmetic refurbishment to modernise finishes and improve thermal performance (walls are likely uninsulated as-built). These works present clear scope to add value for a first-time buyer or buy-to-let investor.
Location is a genuine strength: close to shops, schools and frequent bus routes, with excellent mobile signal and fast broadband — useful for commuting or letting. Council Tax is low (Band A) and there is no flood risk; crime levels are reported low. Be aware the wider area is classified as deprived with constrained local incomes, which can affect resale and rental yields.
Overall this is a budget-friendly freehold flat suited to those wanting a low-entry purchase with short-term refurbishment potential. It’s best for first-time buyers securing an affordable home near local amenities, or investors prepared to refresh the property and target the local rental market.
