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 EX39
£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 was previously a store, but has been skillfully converted into a thriving investment with 6 bedrooms, 2 kitchens, 2 bathrooms, and 2 garages. The ground floor has been renovated to a high standard, with a modern shower room and cloakroom, while the first floor has been reconfigured to maximize bedroom space. The property benefits from a convenient location near the town center, with garages that have significant potential to boost rental income. The existing tenants will remain in situ, ensuring immediate rental income upon completion. Bideford is a charming market town with a range of amenities, including a bustling high street, a pannier market, and a range of sports facilities. The property is easily accessible by car or public transport, with regular bus services to nearby towns and cities.