The Avenue, Devon TQ12 4 bed terraced house for sale

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The Avenue, Devon TQ12 4 bed terraced house for sale

The Avenue, Devon TQ12
£250,000

Our Summary

  • *Upcoming Open Day Event - Viewings strictly by appointment only*The Avenue presents an outstanding investment opportunity as an unlicensed House in Multiple Occupation (HMO) in the heart of Newton Abbot

Description

The Avenue presents a lucrative investment opportunity in Newton Abbot, offering a projected rental income of £26,964 per annum, yielding 10% gross. The four-bedroom property, currently accommodating three tenants, features two bathrooms and gated parking, providing a secure and desirable living space. With 24/7 management by a dedicated charity, investors can enjoy a hassle-free experience, knowing that tenant care and property management are handled to high standards. Located near local amenities and transport links, this property is situated in a high-demand area with strong rental potential, making it an attractive option for investors. However, buyers are advised to conduct due diligence on local HMO licensing regulations and compliance requirements.
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