6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Gloucester Road, Newton Abbot, Devon, TQ12
£425,000

Our Summary

  • A fantastic investment opportunity with impressive returns
  • The HMO presents an excellent investment opportunity, with demand for accommodation in the area remaining high

Description

This 6-bedroom House in Multiple Occupation (HMO) is a fantastic investment opportunity, generating £43,200 per annum in rental income and offering a gross yield of approximately 10.16%. The property has undergone an extensive refurbishment, including upgrades such as new electrics, a Grade A alarm system, and a fully insulated kitchen. Located in a prime residential area of Newton Abbot, the property is just a short walk from the town centre and has easy access to the railway station and A380 road. The HMO is currently generating income from its 6 letting rooms, 2 en-suites, and 1 main bathroom, and is compliant with the latest statutory regulations. With demand for accommodation in the area remaining high, this property presents an excellent investment opportunity for anyone looking to add to their portfolio.