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9 bedroom end of terrace house for sale

Mount Wise, Newquay

Sold STC £265,000

Property Description

Key features

  • Superb investment opportunity
  • Ideal as HMO or B&B
  • Lucrative potential income
  • Potential yield of 11%-15%
  • Very convenient central location
  • Potential for owners accommodation
  • Some rear sea views
  • Off street parking
  • No ongoing chain
  • All mains services

Full description

Great investment property or large family home, potential to be lucrative HMO or similar currently with nine bedrooms, seven en-suites and off street parking.Formerly ran as a successful bed and breakfast, this property has plentiful accommodation arranged over three floors. This property would make an excellent HMO or similar which has the potential to be very lucrative. The layout also works well to create owners accommodation on the ground floor with letting rooms over the first and second. Currently there is an entrance vestibule and hallway with stairs to the first floor. There is a front aspect living room with bay window, open plan to a middle reception room, this in turn provides access to a rear kitchen and outer hallway with utility area providing rear access. On the ground floor there are two bedrooms and a bathroom. On the first floor there are a further six bedrooms all with shower en-suites and a separate main bathroom. On the second floor there are two more en-suite bedrooms, some of the rear rooms enjoy distant sea views. The property has uPVC double glazing and gas fired central heating. In recent years the electrics have been upgraded and the roof has been replaced. Cosmetically the property is dated but offers great potential. There are many period features and the property has an attractive natural stone exterior. Externally at the back there is a concrete courtyard driveway providing off street parking for two cars and a block built shed, which is accessed from a rear service lane. Subject to a suitable HMO licence and depending on how many letting rooms are available it is estimated that the property could generate a yearly rental income of £30,000 - £40,000. The extremely convenient town centre location would make this desirable for persons looking to rent rooms. VIEWING RECOMMEND, NO ONGOING CHAIN.Agents Note: Probate applied for yet to be granted.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
23 November 2016


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