5 bedroom terraced house for sale

Licensed 5 Room HMO on Newport Terrace, Barnstaple

£230,000

Property Description

Key features

  • 5 Unit Licensed House of Multiple Occupation
  • 4 bedsit units and a 1 bed self contained flat
  • Rental Income of £21,840
  • Offering a 9.4% RTI
  • Fully Serviced Fire Alarm and Emergency Lighting System
  • All units currently occupied.

Full description


An excellent buy to let investment - a fully licensed House of Mutiple Occupation (HMO) with 4 bedsits and a 1 bedroom self contained flat with an annual rental income of £21'840. This property offers a buy to let vendor a fully occupied property with a 9.8% return on investment.

The property is split over 3 levels with all units sharing the communal hallways and stairs. The 4 bedsits also share the bathroom which is located on the first floor. All units have a card prepayment meter installed for their electric usage.

The units briefly consist of:

Flat 1 - £350 PCM including heating, water and council tax.
Bedsit Room with kitchenette. Ground floor front

Flat 2 - £420 PCM including heating and water.
Self contained 1 bed flat with courtyard and parking to the rear. Ground floor rear.

Flat 3 - £380 PCM including heating, water and council tax.
Bedsit room with separate kitchen. First floor front.

Flat 4 - £320 PCM including heating, water and council tax
Bedsit Room with kitchenette. First floor rear

Flat 5 - £350 PCM including heating, water and council tax
Bedsit Room with separate kitchen room. Second floor.

The property has a fully serviced fire alarm and emergency lighting system.




Outer Porch  
with light leading to Inner Vestbule

Inner Vestibue 
with sunken matwell and half glazed door to Entrance Hall

Entrance hall 
with radiator and under stairs cupboard.

Bedsit 1 
16' 0'' x 14' 9'' (4.87m x 4.49m)
Kitchenette, radiator and electrical prepayment meter.

Flat (Bedsit 2) 
Consiting of:-

Lounge / Diner / Kitchen 
12' 0'' x 8' 6'' (3.65m x 2.59m)
Lounge area with radiator leading to a small but functional kitchen area. This leads to the shower room. Prepayment electric meter.

Shower Room 
Fitted with a wash basin, shower cubicle and electric shower and heated towel rail.

Hall 
Connecting lounge area to W.C and bedroom. The hall provides access to the rear courtyard and parking for this flat

W.C 
With w.c and hand basin.

Bedroom  
13' 6'' x 10' 6'' (4.11m x 3.20m)
With radiator and french doors to the hall area.

FIRST FLOOR LANDING 
accessed from stairs from the entrance hall

Shared Bathroom 
Bedsits 1,3,4 and 5 share this shower room. Room contains shower cubicle with electric shower, washbasin, toilet and gas combi boiler.

Bedsit 4 
13' 0'' x 12' 6'' (3.96m x 3.81m)
with radiator and basic but functional kitchenette. Prepayment electric meter.

Bedsit 3 
Bedsit 3 consists of:-

Entrance Hall 
Leading to both bedsit and kitchen. Prepayment electricity meter.

Bedroom 
11' 9'' x 11' 6'' (3.58m x 3.50m)
with radiator

Kitchen 
9' 6'' x 6' 3'' (2.89m x 1.90m)
Fitted with base units and sink and drainer.

On Second Floor - Bedsit 5 

Bedroom (Bedsit 5) 
10' 3'' x 9' 0'' (3.12m x 2.74m)
Radiator and dormer window

Kitchen / lounge 
9' 9'' x 8' 3'' (2.97m x 2.51m)
Kitchenette and radiator with dormer window

Outside 
Fully rear walled courtyard (for use by Bedsit/Flat 2) and parking to the rear. The property also benefits from a good size back garden.

Services 
All mains services connected. Council Tax Band - Self contained Flat A Council Tax Band - Rest of building - B 3 phase electrics Grade 2 listed

Measurements 
All measurements are approximate. While we endeavour to make our particulars accurate and reliable, if there is any point which is of particular importance please contact us and we will be pleased to provide further information, particularly if you are travelling some distance to view.

Data Proctection 
Please note that all personal information provided by customers wishing to receive information and/or services from the estate agent will be processed by the estate agent and the "Property Sharing Experts" (Of which it is a member) for the purpose of providing services associated with the business of an estate agent but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify your estate agent.

Consumer Protection from Unfair Trading Regulations 2008  
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

More information from this agent

Listing History

Added on Rightmove:
26 February 2016

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Floor Plan

To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6508336. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Collyers, Barnstaple. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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