Moreton Park Road, Bideford, Devon 6 bed detached house for sale

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Moreton Park Road, Bideford, Devon 6 bed detached house for sale

Moreton Park Road, Bideford, Devon
£308,000

Our Summary

  • With garages in high demand in this locality, there is significant potential to boost rental income by leasing these separately or selling them individually
  • This attractive investment opportunity is offered with the convenience of the existing tenants remaining in situ, ensuring immediate rental income upon completion

Description

This lucrative House of Multiple Occupation (HMO) property in Bideford, Devon, generates an impressive annual gross rent of £39,120. The property has been skillfully converted from a former store, with a contemporary ground floor featuring 3 bedrooms, a kitchen/living room, shower room, and additional cloakroom. The first floor has 3 more bedrooms, a kitchen/living room, and bathroom, offering comfortable and functional living space. The property also includes two garages, which could be leased or sold separately to boost rental income. The existing tenants are willing to remain in situ, ensuring immediate rental income upon completion. Located in a peaceful olde worlde market town, Bideford offers a range of amenities, including shops, restaurants, and sports facilities, with easy access to the coastal towns of Westward Ho!, Appledore, and Northam. The property is situated near the main High Street and is within short driving distance of the Atlantic Highway and regular bus services to North Devon's capital, Barnstaple.