Paignton
- PROPERTY TYPE
House of Multiple Occupation
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Substantial Semi-Detached HMO Investment Opportunity
- Licensed as an 8-Room HMO Including a 1-Bed Self-Contained Flat
- Potential to Add Value Through Refurbishment & Reconfiguration
- Large Rear Garden & Off-Road Parking for Three Vehicles
- Popular Residential Location – Easy Access to Town & Seafront
Description
Polsham Park is a desirable and well-established residential area in Paignton, Devon. It is conveniently located within walking distance of the Seafront and Paignton town centre, providing access to a wide range of shops, restaurants, and local amenities. The area benefits from excellent transport links, including nearby bus routes and Paignton railway station, offering easy connections to Torquay, Exeter, and beyond. 21 Polsham Park is a substantial semi-detached property that has been run as a House in Multiple Occupation (HMO) for many years. The property is currently licensed by Torbay Council as an 8-room HMO. The property is now offered for sale due to the passing of the previous owner. Occupancy levels have been reduced, as the vendors haven’t wanted to take on new tenancies before selling. The property is currently occupied by four long-term tenants and the vendors. The property offers a current income stream whilst also offering a large amount of potential for purchasers to add value through refurbishment and reconfiguration. Internally, the property is arranged with 9 rooms, 7 of these are licensable bedrooms and 2 of these rooms are too small to be let individually. Each lettable room has their own kitchenette in the room and shared bathrooms are available on each floor. To the rear of the property is a self-contained, 1-bedroom flat, which is also licensed under the HMO register. Below the property is a two-room basement which is currently limited to storage use. Externally, the property includes off-road parking for two vehicles to the front and a large private rear garden.
RENT
The passing rent is approximately £17,000 per annum. Only 4 rooms are occupied and there is plenty of room for growth.
UTILITIES
The rooms are let on an all-inclusive of rent basis. The landlord is therefore responsible for all bills.
The property is connected to mains water and drainage, electric, and gas. Heating is supplied by a gas boiler, which has recently been replaced.
HMO LICENCE
The property is currently licensed as an 8-room HMO with Torbay Council.
TENURE
The property is offered for sale freehold, subject to the occupational residential tenancies.
COUNCIL TAX BAND F
EPC RATING E
VIEWING
Viewings are strictly by prior arrangement with the Sole Agents, Bettesworths.
Brochures
Property BrochureFull Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: F
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Paignton
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 12014334. 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 Bettesworths, Devon. 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 average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.