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5 bedroom detached house for sale
Polsham Park, Paignton TQ3
£590,000
Polsham Park, Paignton TQ3
£590,000
Our Summary
- An ideal home and income or investment purchase with potential to increase the yield
- Planning permission (now lapsed) was obtained in 2013 (P/2013/1274) for an extension to the rear to make two of the flats (29 and 29B) into 2 bedroom flats and make flat E bigger
Description
This substantial detached house is arranged as five self-contained apartments, currently let on assured shorthold tenancies, with the ground floor flat featuring an attractive garden currently used by the owner. The property offers parking for all apartments and a sought-after central location, making it an ideal home and income or investment purchase with potential to increase the yield. Each apartment has a 999-year lease, separate meters for electricity and water, and individual council tax accounts. The property is conveniently located near Victoria Park and the town centre, with the sea front at a similar distance. The rental income, including the owner's flat, is £3,240 per month, or £38,880 per annum.