Summary - 46B CHURCH STREET PAIGNTON TQ3 3AH
2 bed 1 bath Maisonette
Chain-free Victorian maisonette with rental income—refurbishment opportunity in town centre..
- Chain-free two-bedroom Victorian maisonette, long lease (998 years)
- Current rental income £9,000 per annum
- Requires full modernisation throughout
- Fitted kitchen and bathroom present
- On-street restricted parking only
- Very high local crime and very deprived wider area
- Low service charge £240 pa; no ground rent
- Double glazing and gas central heating installed
A spacious two-bedroom Victorian maisonette in the heart of Paignton, offered chain-free with a long lease (998 years). The property generates a current rental income of £9,000 pa, making it attractive to buy-to-let investors. Accommodation includes a large lounge with a feature fireplace, fitted kitchen and bathroom, plus two double bedrooms. The building has double glazing and gas central heating.
The flat requires modernisation throughout, so buyers should budget for upgrading finishes, kitchens, bathrooms and possible electrical updates. On-street restricted parking only, and the building is part of a dense town-centre setting with mixed commercial premises at street level. Service charge is low (£240 pa) and there is no ground rent, but the wider area is classified as very deprived and local crime levels are very high — factors that will affect resale and lettability considerations.
Ideal for investors seeking immediate rental return and long-lease security, or DIY buyers wanting a central home to personalise. The layout and high ceilings give good scope to improve value through refurbishment. Be realistic about local market challenges: elevated crime statistics and area deprivation mean professional management and sensible rent expectations are recommended.
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