5 bedroom terraced house for sale

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