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5 bedroom terraced house for sale
Abbotsbury Road, Devon TQ12
£375,000
Abbotsbury Road, Devon TQ12
£375,000
Our Summary
- Situated close to the center of Newton Abbot, this spacious five-bedroom property offers an excellent investment opportunity as an unlicensed House in Multiple Occupation (HMO)
- With its strong rental potential, excellent location, and scope for further enhancement, this property presents a fantastic opportunity for savvy investors
Description
This spacious five-bedroom property in Newton Abbot offers an excellent investment opportunity as an unlicensed House in Multiple Occupation (HMO), generating a projected rental income of £36,048 per annum and a 9.6% gross yield. Situated close to the town center, the property has easy access to amenities, transport links, and services, making it a highly desirable rental option. The property features five generously sized bedrooms, a well-appointed kitchen, a downstairs WC, and a family bathroom, as well as a manageable garden that can be converted into a carport. Managed 24/7 by a professional charity, this investment ensures consistent tenant care and a hassle-free ownership experience. With its strong rental potential, excellent location, and scope for further enhancement, this property presents a fantastic opportunity for savvy investors.