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4 bedroom terraced house for sale
Beaumont Road, Newton Abbot, Devon, TQ12
£230,000
Beaumont Road, Newton Abbot, Devon, TQ12
£230,000
Our Summary
- Located in a convenient area of Newton Abbot, Beaumont Road is an excellent investment opportunity as an unlicensed House in Multiple Occupation (HMO)
- The property is currently tenanted by four occupants and offers a potential rental income of £22,380 per annum, delivering a 9
Description
This property, located on Beaumont Road in Newton Abbot, presents an attractive investment opportunity as an unlicensed House in Multiple Occupation (HMO). Currently tenanted by four occupants, the four-bedroom property generates a potential rental income of £22,380 per annum, yielding 9.7% gross. The property features a well-appointed kitchen and a low-maintenance patio garden, making it an appealing option for tenants. Its convenient location offers easy access to Newton Abbot's amenities and transport links, further enhancing its appeal. With its strong yield and tenant-ready setup, this property is an ideal choice for investors seeking a high-return asset, although buyers should consider local HMO licensing requirements as part of their investment process.