Gloucester Road, Newton Abbot, Devon, TQ12
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- 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
- Turnkey HMO
- Impressive return
- 6 rooms
- Undergone an extensive refurbishment
Description
LOCATION
The property is situated in a prime residential area, just a short walk to Newton Abbot town centre with its various shops, supermarkets, and amenities. Nearby Courtenay Park offers pleasant green space with a sensory garden and play area. The property is well-connected, with Newton Abbot Railway Station offering direct services to Exeter, London Paddington, and Manchester, among others. The A380 road provides access to Exeter and the M5 motorway.
BUSINESS
This property is currently generating £43,200 per annum from its 6 letting rooms, 2 en-suites and 1 main bathroom. The property is compliant with the latest statutory regulations. The HMO presents an excellent investment opportunity, with demand for accommodation in the area remaining high.
Return on Investment
Annual Income: £43,200
Asking Price: £425,000
Gross Yield: Approximately 10.16%
ACCOMMODATION
The property is presented to a high standard and briefly comprises the following:
COMMUNAL AREAS
Entrance Porch: Coved ceiling, new composite door leading into the hallway.
Hallway: High ceilings with coving. Understairs storage cupboard housing meters and fuse box. Radiator.
Lounge (15'11" x 12'11"): UPVC double-glazed bay window to the front. Coved ceiling.
Kitchen/Breakfast Room: Newly fitted white gloss kitchen with tiled splashbacks, wall-mounted cupboards, in-built extractor fan, dishwasher, 5-ring induction hob, and space for dining table. Spotlights and radiator.
Main Bathroom: Black-finished suite with walk-in rain shower, vanity sink unit, WC, extractor, and powered mirror light.
BEDROOMS
Bedroom 1 (17'7" x 13'4") - Large double with en-suite (black matt suite, electric shower, vanity sink, WC).
Bedroom 2 (13'1" x 10'9") - Double with rear-facing window.
Bedroom 3 (16'9" x 12'8") - Substantial double with en-suite (same spec as Bedroom 1).
Bedroom 4 (12'5" x 10'4") - Double with rear-facing window.
Bedroom 5 - Double (measurements TBC).
Bedroom 6 (12'7" x 10'2") - Rear-facing, decorative panelling, ceiling rose, TV point, radiator.
OUTSIDE
Front: Gravel garden with path between brick pillars.
Rear: Courtyard area with space for seating/plants, lean-to outbuilding, and access to service lane.
AGENT'S NOTES
Extensive refurbishment includes:
New electrics & Grade A alarm system
New boiler
Fully insulated kitchen
Brand-new kitchen & bathrooms
Black matt en-suites
New roof throughout
New carpets, front door, rear window
Full external/internal redecoration
This beautifully refurbished property offers an exceptional investment opportunity with a high-quality standard of accommodation.
SERVICES
All services are understood to be connected (not tested by agent).
RATEABLE VALUE
Please check with the Valuation Office Agency.
TENURE
Freehold
VIEWINGS
All enquiries and viewings to be made through the agents.
Tel:
Email:
Website:
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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
Energy performance certificate - ask agent
Gloucester Road, Newton Abbot, Devon, TQ12
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Visit our security centre to find out moreDisclaimer - Property reference GloucesterRoad. 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 Ware Commercial, Torquay. 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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