1 bed block of flats for sale

4 Southfield Rise, Paignton, Torbay TQ3

Substantial Freehold Block of Six Self-Contained One-Bedroom Apartments in Paignton Fully Let Guide Price £675,000*Buyers Premium Applies

For sale by online auction. To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this substantial Freehold Residential Investment comprising Six Self-Contained One-Bedroom Apartments, all currently let and producing an annual rental income of £52,200.

Situated in a convenient residential area of Paignton, the property benefits from spacious accommodation, with each apartment averaging over 600 sq ft. The current income represents a gross yield of approximately 7.2% based on the reserve price, with potential to increase the annual rent to approximately £56,000.

The property offers an excellent investment opportunity with immediate income and further asset management potential, including the possibility of granting individual long leases and selling the apartments separately, subject to the necessary consents.

The property will be entered into our 9th September 2026 auction which is held online and starts at 10am. You must register to bid and download the legal pack.
Property features

Number of Bedrooms: Six One-Bedroom Flats
. Reception Rooms: One Reception Room Per Flat
. Some Off Road Parking
. Garage
. Council Tax Band: A
. Fully Let Market Income: £56,000
. Rental Income Per Annum: £52,200
. 56 Day Completion
. Freehold
Tenancy information

Tenancy Term: No End Date
. Tenancy Start Dates Per Flat Below:
Flat 1 - 20.06.2017
Flat 2 - 21.10.2019
Flat 3 - 13.12.2014
Flat 4 - 06.07.2018
Flat 5 - 18.10.2025
Flat 6 - 14.12.2014
. Tenancy Type: Assured Periodic Tenancy
. Are the Tenants in Arrears: No
Viewing arrangements

We will be holding viewing slots, please call us on .
The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 3%+VAT (subject to a minimum of £20,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).

Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of id, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the legal documents'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.