The property is an end of terrace cottage which has been thoroughly renovated throughout, to create a multi-unit letting accommodation. Previously let to Local Council for sheltered housing use, the property has been fitted out to provide 5 letting suites with shared kitchen and bathroom facilities. The property is to be sold with vacant possession of the whole. The property is currently arranged with five letting suites and could operate as a small HMO (subject to necessary licensing). We are informed that the property doesn't currently have a license, as the property has never been run by the landlord as a HMO. However, the licensing team are aware of the property and the landlord has always been improving the property in line with Torbay's sheltered housing teams requests. The property has been renovated extensively throughout and is well suited to its use as a multi-occupation residential investment. The high-quality finish and arrangement of the property means this opportunity may also be of interest to owner occupiers looking for a 6-bedroom family home. The property benefits from solar panels, gas central heating and UPVC double glazing, resulting in a high energy performance rating.
FRONT TARMACKED DRIVE With parking for 1 vehicle and space for bin storage. Front UPVC door leading into:-
HALLWAY With hard wearing entrance carpet, cleaning cupboard, utility and Wifi box and doors to:-
SUITE 1
BEDROOM - 12' 0'' x 8' 5'' (3.65m x 2.57m)
LOUNGE - 10' 0'' x 9' 1'' (3.05m x 2.76m) With sliding patio door out to the rear garden.
SHOWER ROOM With shower and WC with integrated hand wash basin.
SUITE 2
BEDROOM - 12' 7'' x 11' 8'' (3.84m x 3.55m) With built in storage.
KITCHEN/DINER - 20' 10'' x 10' 11'' (6.36m x 3.33m) A fully furnished kitchen, with an integrated gas hob and fan oven. The kitchen is complemented by a range of further appliances such as a dish washer, coin fed tumble dryer & washer and 4x Fridge Freezers for individual letting Suites. With sliding patio doors out to the rear garden and patio area. Stairs from the hallway lead up to: -
LANDING With Velux window, linen cupboard, and doors to:-
SUITE 3
BEDROOM - 11' 5'' x 9' 6'' (3.47m x 2.90m) With built in wardrobe.
EN-SUITE SHOWER ROOM - 5' 8'' x 4' 9'' (1.72m x 1.44m)
LOUNGE - 10' 10'' x 7' 5'' (3.29m x 2.27m)
SUITE 4
BEDROOM - 11' 6'' x 11' 2'' (3.50m x 3.40m) With built in wardrobe and storage.
EN-SUITE SHOWER ROOM - 6' 5'' x 5' 9'' (1.96m x 1.75m) With a walk in shower, WC and sink.
SUITE 5
BEDROOM - 11' 6'' x 9' 6'' (3.51m x 2.89m) With built in storage.
BEDROOM - 11' 3'' x 9' 3'' (3.42m x 2.81m)
COMMUNAL BATHROOM - 5' 6'' x 4' 9'' (1.68m x 1.46m) With bath, electric shower over and electric towel rack.
COMMUNAL TOILET - 4' 11'' x 4' 2'' (1.50m x 1.26m) With WC, Sink and Velux window.
OUTSIDE To the rear of the property is a patio area, with space for garden table and chairs. Beyond is a generous lawned area and landlord's storage shed. At the front of the property is a tarmacked area, providing parking for one vehicle and a raised slab platform with space for bin storage.
SOLAR PANELS The property is fitted with owned solar panels providing a helpful boost to the property's energy efficiency.
TENURE The property is being sold Freehold, with vacant possession of the whole.
INVENTORY The property is currently furnished with a range of furniture and white goods. These items may be included with a sale and parties are advised to discuss further details with the Agents.
HMO LICENSING We are informed that the property doesn't and has never had a HMO license. We understand that to run as a 5+ occupant HMO, a license would be required.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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