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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 Grade II-listed Georgian townhouse in Tavistock is currently a productive HMO, generating a gross yield of approximately 11.3% per annum. The property boasts six bedsit apartments, including three 1-room and three 2-room units, all with individual kitchen facilities, plus three shared shower/bathrooms and communal laundry facilities. The property is situated in a convenient and accessible location in the heart of Tavistock, within walking distance to the town centre, high street, and other amenities. The property also features a private courtyard, garden, and stone garage/workshop, which could potentially increase income if let. With its central location, historic charm, and potential for conversion back to residential use, this property presents a unique investment opportunity.