>
4 bedroom character property for sale
Boutport Street, Barnstaple EX31
£365,000
Boutport Street, Barnstaple EX31
£365,000
Our Summary
- An excellent investment opportunity for those looking for 3 letting properties
- With some redevelopment there is excellent HMO potential of c
Description
This property offers an excellent investment opportunity with three letting properties: a 2-bedroom flat, a 2-bedroom cottage, and a shop. The flat is projected to achieve £625pcm, the cottage £650pcm, and the shop £333pcm, resulting in an annual income of around £20,000. With redevelopment, there is potential for a HMO letting income of £37,500 per annum. The flat features two large double bedrooms, a spacious living room, and a modern kitchen with storage. The cottage has a large living room with a characterful fireplace, a kitchen diner, and two good-sized double bedrooms. The shop is currently tenanted to a local taxi firm. The property also has a rear courtyard, storage barn, and rear access to the land, making it an attractive investment opportunity.