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5 bedroom end of terrace house for sale
7 Polsham Park, Paignton, Devon
£225,000
7 Polsham Park, Paignton, Devon
£225,000
Our Summary
- A high yielding three storey end of terrace property requiring some remedial works and updating, currently comprising of three x 1 bedroom apartments and 2 studio apartments, all currently let and generating an income of £2,675 pcm/£32,100 pae
- Current RentsFlat 1 - £600 pcm/£7,200 paeFlat 2 - £500 pcm/£6,200 paeFlat 3 - £550 pcm/£6,600 paeFlat 4 - £500 pcm/£6,200 paeFlat 5 - £525 pcm/£6,300 paeEPC RatingsAll flats are EPC rated DCouncil Tax BandsAll flats are Council Tax Band AGET READY TO BID BY VISITING THE AUCTIONEERS WEBSITEGUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the seller’s current minimum acceptable price at auction
- As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- Reserve PriceThe seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell
Description
This three-storey end-of-terrace property is currently comprising of five apartments, including three one-bedroom and two studio apartments, all of which are let and generating a combined income of £2,675 per month or £32,100 per year. The property has on-drive parking and an enclosed rear garden, as well as a gas central heating system and smart meters. Located in the popular Polsham Park area, the property is conveniently situated for the town center and amenities of Paignton, as well as its sandy beaches and pier. The property requires some remedial works and updating, making it an attractive opportunity for investors or those looking for a post-works break-up and resale opportunity.