>
6 bedroom terraced house for sale
West Street, Tavistock
£300,000
West Street, Tavistock
£300,000
Our Summary
- A substantial Georgian townhouse with a courtyard, garden and stone garage in the heart of Tavistock, currently a productive HMO but with potential for conversion back to residential use, STP
- 3%; Letting the Garage Could Increase Income; Hugely Convenient, Central Location; Scope to Convert to a Dwelling (STP); Freehold; Council Tax Band: E; EPC Band: E
- At present, the property offers an incoming owner a turnkey investment opportunity generating around 11
- 3% gross yield per annum, with the scope to increase this further through the letting of a vacant garage/workshop to the rear of the building
- Conversion of this building for other purposes may also be a possibility, subject to any necessary consents or approvals
Description
This substantial Georgian townhouse in Tavistock is a rare opportunity to own a freehold property in the heart of the town. Currently operating as a productive HMO, it generates a gross yield of around 11.3% per annum, with the potential to increase this further by letting the attached garage/workshop. The property features six bedsit apartments, each with its own kitchen facilities, as well as shared shower/bathrooms and laundry facilities. With a low turnover of tenants and long-term occupancy, this property offers a turnkey investment opportunity. The property is Grade II listed and has a rich history, with stunning views of Dartmoor available from the front of the building. The location is highly convenient, with the town centre, high street, and other amenities just a short walk away. With its potential for conversion back to residential use, this property presents a unique investment opportunity in a thriving market town.