Auction Lot: 7 x Bedroom HMO, plus 2 x Self-Contained Flats, Totnes, Devon
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- Our Ref: CD-90312
- To Be Sold by Public Auction 23/10/25
- Successful 9-Bedroom Investment
- 7 Bed HMO + 2 Self-Contained 1-bedroom Flats
- Rear Driveway Parking for Multiple Cars
- Large Enclosed Gardens
- Only a 2-minute Walk from Totnes Train Station
- Potential to Reconvert into a Substantial Family Home
- Current Gross Rental Income of £63,000 per Annum
Description
A substantial and versatile end-of-terrace investment property, currently operating as a successful 7-bedroom HMO with two additional self-contained flats. Situated in a highly convenient position within walking distance of Totnes town centre and the railway station, the property produces a gross annual income of £63,000, representing an attractive yield against the guide price of £500,000–£520,000.
There is clear potential for ongoing rental growth, or the property could be reconfigured into a large family home (subject to consents).
Totnes is a bustling Elizabethan market town full of character and history, with an array of independent shops, cafés, and cultural venues. The town offers excellent schooling, recreational facilities including an indoor swimming pool, and access to the River Dart for boating and outdoor pursuits.
The A38 Devon Expressway is approximately six miles away, offering swift links to Exeter, Plymouth, and beyond. Totnes also benefits from a mainline railway station with direct services to London Paddington.
Brochures
Auction Lot: 7 x Bedroom HMO, plus 2 x Self-Contained Flats, Totnes, Devon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Totnes Station0.4 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Charles Darrow, Devon on 01626 242917.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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