9 bedroom end of terrace house for sale

Trenance Road, Newquay

£285,000

Property Description

Key features

  • House of Multiple Occupancy
  • Fully licensed for 10 people
  • Potential return of 40,000+ per year
  • Large kitchen all appliances included
  • Parking for 2/3 cars
  • Ideally located to attract tenants
  • Potential for conversion
  • Approx 14% yield on investment
  • No ongoing chain
  • All Mains Services

Full description

INVESTMENT OPPORTUNITY! NINE ROOM, TEN PERSON LICENSED HMO WITH EXTREMELY HEALTHY MONTHLY RETURN, REPRESENTING A GROSS ANNUAL YIELD OF APPROXIMATELY 14%.This substantial three storey investment property has a HMO license for up to ten people and as such has a potential to return over £3,000 per calendar month in rent. Representing a healthy 14%+ yield return on investment. During the vendors time as owner he has replaced the roof, upgraded the boiler and continually maintained the property in accordance with his HMO license. The property has uPVC double glazing and has gas fired central heating. There are nine bedrooms over three floors, seven of which are lettable within the HMO license. On the ground floor there are two bedrooms, a residence lounge and there is a large 23ft kitchen which includes all white goods, many of which there are two of. This provides access to a rear courtyard and at the back there is off street parking for two/three cars. The remainder of the bedrooms are over the first and second floor and this also includes two separate WC suites and two separate shower rooms. All providing enough living, cooking and washing facilities to comply with the HMO license. We have been advised that a rental return in the region of £40,000 per annum is achievable, this is one of the healthiest returns you are likely to see for this style of property and therefore a fantastic investment opportunity. Prior to being a HMO the property was once a B&B and also a family home, as such it could be converted to a number of different uses depending on what buyers choose. NO ONGOING CHAIN, VIEWING RECOMMENDED.


All measurements are approximate 

Entrance Hall 

Bedroom One 
14' 1'' x 10' 11'' (4.29m x 3.32m) max into box bay window.

Bedroom Two 
12' 5'' x 8' 5'' (3.78m x 2.56m) maximum

Living Room 
13' 5'' x 7' 8'' (4.09m x 2.34m)

Kitchen 
23' 10'' x 8' 10'' (7.26m x 2.69m)

First Floor 

Separate WC One 

Separate WC Two 

Bedroom Three 
10' 8'' x 8' 7'' (3.25m x 2.61m)

Bedroom Four 
9' 0'' x 7' 5'' (2.74m x 2.26m) (Not included in HMO license)

Shower Room One 
8' 10'' x 3' 4'' (2.69m x 1.02m)

Shower Room Two 
5' 0'' x 3' 3'' (1.52m x 0.99m)

Bedroom Five 
14' 9'' x 9' 2'' (4.49m x 2.79m)

Bedroom Six 
8' 6'' x 5' 6'' (2.59m x 1.68m)(Not included in HMO licence)

Second Floor 

Bedroom Seven 
10' 4'' x 5' 7'' (3.15m x 1.70m)

Bedroom Eight 
10' 4'' x 8' 4'' (3.15m x 2.54m)

Bedroom Nine 
10' 10'' x 8' 4'' (3.30m x 2.54m)

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
09 February 2018

Nearest stations

  • Newquay (0.2 mi)
  • Quintrell Downs (2.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Newquay Property Centre, Newquay

40 East Street, Newquay, TR7 1BH

01637 470006 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.

Floorplans


To view this property or request more details, contact:

Newquay Property Centre, Newquay

40 East Street, Newquay, TR7 1BH

01637 470006 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

  • Newquay (0.2 mi)
  • Quintrell Downs (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Newquay Property Centre, Newquay

40 East Street, Newquay, TR7 1BH

01637 470006 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 8265527. 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 Newquay Property Centre, Newquay. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.