Summary - 21B PALACE AVENUE PAIGNTON TQ3 3EF
9 bed 3 bath Terraced
Long-lease Victorian HMO close to Paignton seafront — needs refurbishment, good rental upside.
9 self-contained lettings rooms suitable for HMO use
Three shared bathrooms and separate washing/utility room
Long lease: 963 years remaining
Victorian terraced period building with high ceilings
Requires refurbishment and ongoing maintenance work
Located near seafront, shops and public transport links
Very high local crime and very deprived area — higher management risk
Small overall property size; close-quarters living for tenants
This terraced Victorian property on Palace Avenue is presented as a nine-room HMO arranged into self-contained bedsits with three shared bathrooms and a washing/utility room. The long lease (963 years) and central Paignton location mean an investor can secure long-term tenure close to transport links, local shops and the seafront.
The layout is optimised for multiple lettings and offers immediate rental potential, but the building shows signs of being a fixer-upper and will need refurbishment and ongoing maintenance to maximise income. Broadband speeds and mobile signal are strong, and the property is not at risk of flooding.
Buyers should weigh the area’s rental demand against challenging local conditions: the neighbourhood is classified as very deprived with very high crime rates and constrained renter profiles. Management overheads, security measures and targeted refurbishment will be essential to protect income and tenant safety.
For an experienced landlord or investor comfortable with refurbishment and active property management, this property offers clear upside through improved specification and professional letting. First-time landlords or those seeking low-maintenance holdings should be cautious given the local socio-economic challenges and expected letting-management demands.
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