Offers over
£300,000
5 bed terraced house for saleAbbotsbury Road, Newton Abbot, Devon TQ12
5 beds
1 bath
1 reception
- Freehold
Pilkington Estates
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About this property
Spacious five-bedroom unlicensed HMO
Projected rental income of £36,048 pa (12.02% yield).
Currently let to four tenants with guest room/office option.
24/7 professional charity management for hassle-free ownership.
Abbotsbury Road, Newton Abbot, Devon, Tq12
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). Ideally located for tenants, the property boasts easy access to
the town’s amenities, transport links, and services, making it a highly desirable
rental option. Currently accommodating four tenants, the property also includes a
guest bedroom, which could be repurposed as an office. It generates a projected
rental income of £36,048 per annum, representing an appealing 12.02% gross
yield. The property features five generously sized bedrooms, a well-appointed
kitchen, a downstairs WC, and a family bathroom. Additionally, it benefits from a
manageable garden that can be converted into a carport, offering added flexibility
and value. 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. Important Note:
Buyers should conduct due diligence regarding local HMO regulations and
licensing requirements. EPC: Tbc
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