I see there is now a bus service direct to Cockington Village from Paignton. In the past the only bus service to Cockington ran from Torquay from outside the Pavillion. This service is provided by Local Link and runs every half hour from 10:00 am to 4:00 pm and takes 10 mins to Cockington Village, service number 62. For Local Links web pages click here . When you get to the time table page it is printed on it's side so you will need to right click on the timetable and rotate it to read it.
The new service, the 50, from Torbay Rd, Paignton(near the train station) is run by Devonian Motor Service and runs every 20 mins. They also run a 500 service from Paignton to Broadsands, the only bus to go to Broadsands these days and well worth a visit. Their time tables are to be found here.