The Avenue, Newton Abbot

For sale Offers Over £225,000 Freehold
pin The Avenue, Newton Abbot, TQ12 2BY
Sold STC

Overview

Property ID: 54817
  • rps_pie-PLY243168 Ref
  • House Type
  • For Sale Availability
  • 4 Bedrooms
  • 2 Bathrooms
  • 2 Reception Rooms
  • Freehold Tenure
  • Floorplan
  • View EPC
  • Local Schools
  • Local Amenities
  • Broadband Checker
  • Local Area Information
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Full Details

**Upcoming Open Day Event - Viewings strictly by appointment only**

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 12.7% 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. EPC: TBC

Kitchen
Tiled flooring, two uPvc double glazed windows, single glazed door, oven, extractor fan, one and a ahlf stainless steal sink and drainer with hot and cold mixer tap, space for washing machine

Downstairs WC
Tiled flooring, sink with hot and cold mixer tap, toilet, single glazed window

Bedroom
Carpeted flooring, radiator, two uPvc double glazed windows

Landing
Carpeted flooring throughout

Bathroom
Vinyl flooring, bath tub, toilet, sink with hot and cold mixer tap, uPvc double glazed window to the side, wet room shower, radiator

Bedroom
Carpeted flooring, radiator, two uPvc double glazed windows

Bedroom
Carpeted flooring, radiator, two uPvc double glazed windows

Entrance Hall
Carpeted flooring, uPvc double glazed window to the front

Living Room
Carpeted flooring, uPvc double glazed window to the front, radiator, single glazed window, space for dining table

Utility Room
timber door, single glazed rears, space for tumble dryer, space for washing machine

Garden
Maintainable and concrete

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