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House of multiple occupation for sale
Paignton
£310,000
Paignton
£310,000
Our Summary
- Substantial Semi-Detached HMO Investment Opportunity
- The property offers a current income stream whilst also offering a large amount of potential for purchasers to add value through refurbishment and reconfiguration
Description
This substantial semi-detached property in Polsham Park, Paignton, Devon, is a lucrative investment opportunity, licensed as an 8-room House in Multiple Occupation (HMO) with a 1-bed self-contained flat. The property has been running as an HMO for years, offering a current income stream, and has potential for added value through refurbishment and reconfiguration. The property is conveniently located within walking distance of the seafront and town centre, with excellent transport links. The property is currently occupied by four long-term tenants and the vendors, with 9 rooms in total, including 7 licensable bedrooms and 2 smaller rooms. The property features kitchenettes in each lettable room and shared bathrooms on each floor, as well as a self-contained flat and a large private rear garden. With off-road parking for two vehicles, this property presents a rare opportunity for investors to capitalize on its potential.