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Key selling points
- Sought after area in quiet neigbourhood
- Free hold flat and land with excellent rental history
- Off road parking
- Large basement for storage or work shop
- 250 yards to Paignton Beach and town centre
- Large garden to rear and front offers development potential
Located in Paignton on the “English Riviera” the property is situated in the desirable Roundham area within 250 yards of Paignton beach and a level 5 minute walk from the town centre.
Roundham is a quiet residential neighbourhood and has been designated as a conservation area. The area was originally made up of large Victorian homes built on very large private plots. In later times some of these homes have been demolished to make way for retirement homes or apartments to help meet the increased demand for housing in this sought after area.
The property being offered is one these original large Victorian buildings which was divided into four flats in 1968. Three of these flats have been sold as leasehold properties while the remaining flat, currently offered for sale, is freehold. The freehold covers both the building and the surrounding land.
The flat was completely remodeled in 2005. It is heated with gas fired central heating and all windows are double glazed. A glazed entry/way conservatory leads to a large living room with fireplace. Adjacent to the living room is the modern kitchen with built in cabinets, wood counter tops and tiled walls. The living room leads to the bathroom with shower and tub and tiled walls. Adjacent to the bathroom is a large bedroom with large windows overlooking the front. The flat has laminate flooring throughout. Beneath the flat is a large full height basement which is currently used for storage and as a workshop.
A combination of mild weather and surrounding natural beauty makes Torbay one of the most desirable areas to live in Britain, and the Roundham area is one of the most desirable within Torbay. A home in Torbay has become a major attraction for those of retirement age and also for those seeking a second home to escape from the stress of life the city. Consequently the population pressure in Torbay is immense and the local planning department is under considerable pressure to make more housing available in the area. The Roundham area has already seen development which has provided housing for the elderly, retirement apartments and second homes. This development has depleted much of the supply of buildable land but barely dented the need for housing in the area. As the larger building plots are used up, builders are looking more closely at sites with existing dwellings and vacant space to see if they may be used to increase housing supply.
Not only does this property have an exellent rental history it also offers some great development potential. The freehold land consists of an extremely large garden and parking area to the rear and side and a further large, mostly flat and graveled area to the front. Adjacent to the rear parking area used to stand a coach house which was demolished in 1965. Provisional discussion with the local planning authority has shown that they have no objection to this building being rebuilt. The local authority have also indicated that an addition of one or two rooms may be added to the exisiting flat. The large unfinished basement adds a further possibility to increase housing supply in an area that is truly starved of new homes.
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