Boutport Street, Barnstaple EX31 4 bed character property for sale

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Boutport Street, Barnstaple EX31 4 bed character property for sale

Boutport Street, Barnstaple EX31
£225,000

Our Summary

  • An excellent investment opportunity for those looking for 3 letting properties
  • With some redevelopment there is excellent HMO potential of c
  • Investment Opportunity

Description

This property offers a unique investment opportunity, comprising a 2-bedroom flat, a 2-bedroom cottage, a shop, and a store, with a courtyard and potential for HMO letting. The flat is projected to earn £625 per month, while the cottage, currently rented at a reduced rate, could achieve £650 per month. The shop is tenanted to a local taxi firm for £333 per month. The combined annual income is estimated to be around £20,000. With redevelopment, the property has potential for a higher income of £37,500 per year. The flat features two double bedrooms, a living room, kitchen, and bathroom, while the cottage offers a large living room, kitchen diner, two double bedrooms, and a family bathroom. The property has electric central heating, mains water, and drainage, and is located in a convenient and prominent area.