4 bedroom house for sale

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4 bedroom house for sale

Newport Street, Tiverton EX16
£160,000

Our Summary

  • Description - Well established into a thriving HMO, this investment opportunity is offered to the market with no onward chain

Description

This four-story property in Tiverton is a well-established House of Multiple Occupancy (HMO) that generates a gross rental income of £24,000 per year, resulting in a 15% gross rental yield. The property features four bedrooms, a communal kitchen/breakfast room, a shower room, a separate bathroom, and two basement storage rooms. Its central location within Tiverton makes it appealing to those working in the town or commuting to Exeter or Taunton, with excellent transport links. The property is fully connected with mains water and drainage, and is in Council Tax Band C. With no onward chain, this investment opportunity is available to purchase and offers a lucrative rental income.
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