TQ3 3HF - 1 bed town centre development in Torbay, TQ3 3HF

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Residential development for sale in Paignton, TQ3

Summary - 56, PALACE AVENUE TQ3 3HF

1 bed 1 bath Residential Development

Cleared freehold plot with lapsed planning near transport links and seafront.
- Cleared, levelled site with mains water, electricity and sewage connected
- Expired planning permission for 3x two-bedroom townhouses (ref P/2008/0292)
- Small, manageable plot ideal for a compact development scheme
- Town-centre location near high street, seafront, rail and bus stations
- Fast broadband and excellent mobile signal in place
- Area classified as very deprived; rental demand likely constrained
- Planning must be reapproved or new application submitted
- Mid-terrace historic plot; assume solid brick walls without insulation
A rare town-centre development plot in Paignton, cleared and levelled with mains connections already on site. Previous planning for three two-bedroom townhouses (ref P/2008/0292) has lapsed, so a buyer can reapply using the existing plans or submit a new scheme suited to current requirements.

The site sits at the top of Palace Avenue behind the Palace Theatre, within easy walking distance of the high street, seafront, rail and bus stations. Local amenities and a range of primary and secondary schools are nearby, making the location sensible for starter homes or lettings aimed at local renters.

Practical positives include a small, manageable plot, ready access to utilities and fast broadband and excellent mobile signal. The cleared state reduces initial demolition risk and cost, accelerating the start of works once planning is secured.

Important considerations: planning permission has expired and will need renewal or replacement; the neighbourhood sits in a very deprived area classification with constrained renter demand, which may affect sales values and rental levels. Prospective purchasers should factor in planning application time, local market conditions and build costs when assessing viability.

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