The Avenue presents a lucrative investment opportunity as an unlicensed House in Multiple Occupation (HMO) in Newton Abbot, generating a projected rental income of £26,964 per annum and offering a 10% gross yield. The four-bedroom property, currently accommodating three tenants, features two bathrooms and gated parking, providing secure off-road parking. Managed by a dedicated charity, investors can enjoy a hassle-free experience with tenant care and property management handled to high standards. Located near local amenities and transport links, the property is situated in a high-demand area with strong rental potential. However, buyers should undertake due diligence regarding local HMO licensing regulations and compliance requirements.