Ellacombe Road, Torquay TQ1 2 bed maisonette for sale

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Ellacombe Road, Torquay TQ1 2 bed maisonette for sale

Ellacombe Road, Torquay TQ1
£160,000

Our Summary

  • Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 2-bedroom maisonette in Torquay offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, rear garden space, and shared private parking. Currently, it produces an annual gross income of £9,600 with a tenant already in situ, and with its purchase price and potential rental income, it's a worthwhile addition to an investor's portfolio. The current tenants have been long-term residents, paying rent consistently, and have no intention of moving out, making for a smooth transition. The property is in close proximity to valuable amenities, making it an attractive option for investors seeking a reliable and lucrative investment.