£525,000
Block of flats for saleSands Road, Paignton TQ4
Freehold
About this property
Substantial Freehold Investment Arranged as 6 Self-Contained Flats
Fully Let Producing an Income of Circa £57,300 Per Annum
Comprising 3 Studios, 1 One-Bedroom and 2 Two-Bedroom Flats
Prime Coastal Location Approximately 100 Yards from the Seafront
Off-Road Driveway Parking and Private Garden for Flat 6
Substantial Freehold Investment Arranged as 6 Self-Contained Flats. Fully Let Producing an Income of Circa £57,000 Per Annum.
The property is situated in a highly desirable coastal position within Paignton, just 100 yards from the seafront, beach and pier, and a short, level walk to the town centre.
Paignton is a popular seaside destination, particularly attractive to families due to its long sandy beach and traditional pier offering amusements and attractions.
The nearby towns of Brixham (approximately 4 miles) and Torquay (approximately 3 miles) further enhance the appeal, making this an excellent location for both tenants and investors seeking a strong rental market driven by tourism and local amenities.
This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let. The building has been thoughtfully arranged to provide a mix of accommodation, appealing to a broad tenant base and ensuring consistent occupancy.
The property comprises three studio apartments, one one-bedroom apartment, one two-bedroom apartment and a spacious two-bedroom split-level apartment (Flat 6) with its own private entrance and exclusive use of the rear garden.
Each unit is self-contained including kitchen facilities and shower rooms. The majority of apartments benefit from uPVC double glazing and electric heating.
The building is served by gas central heating via two boilers, with the landlord supplying hot water and heating.
Externally, there is off-road driveway parking to the front of the property.
Communal Areas
Communal entrance hall with access to 5 flats, fire alarm system and stairs to upper floors.
Flat 1 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 2 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 3 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 4 – One Bedroom Apartment
Lounge/kitchen, one bedroom and bathroom with bath and shower attachment.
Flat 5 – Two Bedroom Apartment
Lounge/kitchen, two bedrooms and shower room.
Flat 6 – Two Bedroom Split-Level Apartment
Own private entrance. Arranged over split levels with lounge, kitchen, two bedrooms, shower room and additional cloakroom. Private rear garden.
Outside
Driveway parking to the front with space for 3 vehicles. Enclosed rear garden allocated to Flat 6.
Tenure
Freehold, subject to the 6 residential ASTs.
Rent Schedule
Flat 1 - £675 pcm.
Flat 2 - £675 pcm.
Flat 3 - £675 pcm.
Flat 4 - £790 pcm.
Flat 5 - £915 pcm.
Flat 6 - £1,045 pcm.
Gross Monthly - £4,775.
Gross Annually - £57,300.
EPC
Flats 1 & 3 – C.
Flat 2 – B.
Flats 4,5 & 6 – D.
Council Tax
All apartments are Band A (Torbay Council).
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
Viewing
Is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths. Tel.
The property is situated in a highly desirable coastal position within Paignton, just 100 yards from the seafront, beach and pier, and a short, level walk to the town centre.
Paignton is a popular seaside destination, particularly attractive to families due to its long sandy beach and traditional pier offering amusements and attractions.
The nearby towns of Brixham (approximately 4 miles) and Torquay (approximately 3 miles) further enhance the appeal, making this an excellent location for both tenants and investors seeking a strong rental market driven by tourism and local amenities.
This substantial freehold property represents an excellent ready-made investment opportunity, producing a strong income with all six flats currently let. The building has been thoughtfully arranged to provide a mix of accommodation, appealing to a broad tenant base and ensuring consistent occupancy.
The property comprises three studio apartments, one one-bedroom apartment, one two-bedroom apartment and a spacious two-bedroom split-level apartment (Flat 6) with its own private entrance and exclusive use of the rear garden.
Each unit is self-contained including kitchen facilities and shower rooms. The majority of apartments benefit from uPVC double glazing and electric heating.
The building is served by gas central heating via two boilers, with the landlord supplying hot water and heating.
Externally, there is off-road driveway parking to the front of the property.
Communal Areas
Communal entrance hall with access to 5 flats, fire alarm system and stairs to upper floors.
Flat 1 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 2 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 3 – Studio
Open plan living/kitchen/bedroom with fitted kitchen area. Separate shower room.
Flat 4 – One Bedroom Apartment
Lounge/kitchen, one bedroom and bathroom with bath and shower attachment.
Flat 5 – Two Bedroom Apartment
Lounge/kitchen, two bedrooms and shower room.
Flat 6 – Two Bedroom Split-Level Apartment
Own private entrance. Arranged over split levels with lounge, kitchen, two bedrooms, shower room and additional cloakroom. Private rear garden.
Outside
Driveway parking to the front with space for 3 vehicles. Enclosed rear garden allocated to Flat 6.
Tenure
Freehold, subject to the 6 residential ASTs.
Rent Schedule
Flat 1 - £675 pcm.
Flat 2 - £675 pcm.
Flat 3 - £675 pcm.
Flat 4 - £790 pcm.
Flat 5 - £915 pcm.
Flat 6 - £1,045 pcm.
Gross Monthly - £4,775.
Gross Annually - £57,300.
EPC
Flats 1 & 3 – C.
Flat 2 – B.
Flats 4,5 & 6 – D.
Council Tax
All apartments are Band A (Torbay Council).
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
Viewing
Is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths. Tel.
Mortgage calculator
Monthly repayment
£2,626 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}