The Avenue

The Avenue presents an outstanding investment opportunity as an unlicensed House in Multiple Occupation (HMO) in the heart of Newton Abbot. Currently accommodating three tenants, this property generates an impressive projected rental income of £28,584 per annum, offering a compelling gross yield. This spacious four-bedroom property is in fair condition, designed for shared living, and features two bathrooms for added convenience. An added bonus is gated parking, providing secure and desirable off-road parking for tenants. Managed 24/7 by a dedicated charity, investors benefit from a hassle-free experience, with tenant care and property management consistently handled to high standards. Located close to local amenities and excellent transport links, this property is positioned in a high-demand area with strong rental potential. Important Note: Buyers should undertake due diligence regarding local HMO licensing regulations and compliance requirements.