Paignton£325,000
On MarketBettesworths Estate Agents - 01803 2120214911
- Spacious HMO Investment Opportunity
- 7 Bedroom HMO with En-Suite Facilities
- Gross Rental Income of £47,160 Per Annum
- Gross Initial Yield of 14.5%
- Rooms Fitted with Electric Sub Meters
Situated in a popular residential area of Paignton well supported by public transport links. The property is less than a mile from the town centre and most of the local amenities, as well as a short walk away from the seafront.
The property is a large semi-detached residential property operating as a seven-bedroom HMO. The property is well presented and has been renovated with HMO usage in mind. The property benefits from ensuites for 6 out of the 7 rooms and a private ‘off-suite’ for the 7th room. Each room has its own electric card sub meter and a kitchenette area with a sink and hot water heater. A communal kitchen is also provided for the tenants.
- COMMUNAL KITCHEN
Smartly presented with ample storage space.
Communal cooker and white goods.
- UTILITY ROOM 8' 6'' x 5' 7'' (2.6m x 1.7m)
Fitted with coin fed washing machine and tumble drier.
- ROOM 1 12' 10'' x 12' 6'' (3.9m x 3.8m) (max)
Including en-suite.
- ROOM 211' 10'' x 13' 5'' (3.6m x 4.1m) (max)
Including en-suite.
- ROOM 3 13' 9'' x 11' 10'' (4.2m x 3.6m) (max)
Including en-suite.
- ROOM 49' 6'' x 14' 5'' (2.9m x 4.4m) (max)
With separate private bathroom.
- ROOM 512' 6'' x 12' 10'' (3.8m x 3.9m) (max)
Including en-suite.
- ROOM 613' 5'' x 11' 10'' (4.1m x 3.6m) (max)
Including en-suite.
- ROOM 713' 9'' x 11' 10'' (4.2m x 3.6m) (max)
Including en-suite.
- EXTERIOR
To the rear of the property there is an enclosed courtyard shared with the commercial premises next door, which is utilised as a bin store. To the front of the premises there is communal garden space for the use of the tenants.
- RENT
The rooms are rented at the following rates.
Room 1 £550pcm £6,600p.a.
Room 2 £550pcm £6,600p.a.
Room 3 £550pcm £6,600p.a.
Room 4 £580pcm £6,960p.a.
Room 5 £550pcm £6,600p.a.
Room 6 £600pcm £7,200p.a.
Room 7 £550pcm £6,600p.a.
Total: £3,930pcm. £47,160p.a.
- UTILITIES
Rents are inclusive of water and council tax.
Each room has an electric card sub meter which the tenants are responsible for.
- TENURE
Offered for sale freehold, subject to the residential ASTs.
- COUNCIL TAX BAND C
- EPC RATING E
- VIEWING
Viewing is strictly by prior appointment with the Agents, Bettesworths.
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