Sponsored Get a Survey — free quotes via ReallyMoving
Property
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Essential before buying a property with potential — compare up to 5 quotes free
Our Summary
- Scope to Increase Rental Income to Approx
- Scope to Increase Rental Income Approx
- Fully let, the property has the potential to generate approximately £39,600 per annum, representing a strong yield against the asking price
- The property is considered well suited to investors seeking a manageable HMO with clear scope for improvement and rental growth
- The remaining three rooms are vacant and present varying levels of readiness, with one room ready for immediate re-letting, one recently refurbished and one requiring further works, including new carpets and kitchen refitting
Get alerted when similar properties are listed — Subscribe
Description
The property is a mid-terrace 6-bedroom house located in the Melville Street area of Torquay. The property has a utility room, 4 shared communal bathroom facilities, and 6 bedrooms, each with its own kitchenette. The accommodation is split over two floors and includes an entrance hall, utility room, 4 communal bathrooms, 6 bedrooms, and additional storage facilities.
The property is connected to mains electric and water, with individual electric top-up meters in each room and a separate supply for communal areas, water heating, and laundry services.