Newton Abbot, Devon TQ12 4 bed terraced house for sale

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Newton Abbot, Devon TQ12 4 bed terraced house for sale

Newton Abbot, Devon, TQ12
£200,000

Our Summary

  • investment opportunity as an unlicensed House in Multiple Occupation (HMO)
  • The property is currently tenanted by four occupants and offers a potential rental
  • Tenant-ready setup offering high-return potential

Description

This property on Beaumont Road in Newton Abbot is an attractive investment opportunity as an unlicensed House in Multiple Occupation (HMO). Currently tenanted by four occupants, it offers a potential rental income of £22,380 per annum, providing a 11.2% gross yield. The property features a well-appointed kitchen and a low-maintenance patio garden, making it an attractive outdoor space for tenants. Its convenient location provides easy access to Newton Abbot's amenities and transport links, making it an ideal choice for investors seeking a high-return asset. Buyers are advised to consider local HMO licensing requirements as part of their investment process.