4 bed flat for sale

Colley End Road, Paignton TQ3

Summary
Connell is delighted to bring to the market this exceptional investment opportunity, offering four well-presented one-bedroom flats, all sold with tenants in situ, providing an immediate and reliable income stream from the moment of completion.

Description
Connell is delighted to bring to the market this exceptional investment opportunity, offering four well-presented one-bedroom flats, Two sold with tenants in situ, providing an immediate and reliable income stream from the moment of completion. This is an ideal purchase for investors seeking a strong yield, minimal void periods, and the reassurance of a fully occupied property from day one.

The property is ideally positioned in a highly convenient location, within close proximity to Paignton town centre, local shops, everyday amenities, and excellent transport links. Everything required by tenants is within easy walking distance, making the flats consistently attractive to renters and ensuring long-term demand. The location alone offers peace of mind, combining accessibility with practicality and lifestyle convenience.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

On Approach
Upon approach, the property benefits from off-road parking, an increasingly valuable feature that enhances tenant appeal. The building has been thoughtfully arranged to maximise both space and privacy. Three of the four flats are accessed from the main building, while the fourth benefits from its own private entrance, adding further versatility and desirability to the overall offering.

On Entrance
Internally, the accommodation is well laid out across two floors. On entering the building, you will find three self-contained one-bedroom flats, one located on the ground floor and two positioned on the first floor. Each flat has been designed to provide comfortable, practical living, perfectly suited to professional tenants or individuals seeking low-maintenance accommodation close to town.

All four flats offer a consistent and functional layout, comprising a lounge area, fitted kitchen, shower room, and a double bedroom. The lounge areas provide comfortable living space, ideal for relaxation or entertaining, while the kitchens are well equipped for day-to-day living. The shower rooms are modern and practical, offering ease of maintenance, and the double bedrooms are generously proportioned, allowing for ample storage and furnishings.

The fourth flat, which benefits from its own private entrance, adds a unique dimension to the property. This separation can be particularly appealing to tenants seeking greater independence and privacy, further enhancing rental appeal and flexibility. Like the other flats, it is fully self-contained and offers the same high standard of accommodation throughout.

Flat One Own Entrance
Lounge 10'8 x 9'2
Kitchen 9'0 x 5'3
Shower room
One bedroom 9'8 x 9'8

(Vacant)

Flat Two
Lounge 11'1 x 10'8
Kitchen 9'1 x 4'9
Shower room
Bedroom 11'2 x 8'1

Tenant in situ

Flat Three
Lounge 15'2 x 9'8
Kitchen 4'9 x 9'0
Shower room
Bedroom 11'3 x 8'5

Tenant in situ

Flat Four
Lounge 15'2 x 9'8
Kitchen 9'0 x 4'9
Shower room
Bedroom 11'3 x 8'5

Vacant

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.