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No longer on the market

This property is no longer on the market

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Mixed use

Under offer
Mixed use
Added > 14 days

Features and description

  • 9 Bed Investment Property (Formed of 2 Separate Houses in Multiple Occupancy)
  • Comprising 44a (3 Bed) HMO and 44b (6 Bed) HMO
  • High Return Investment in Popular Location
  • Gross Rental Income of £60,180 (When Fully Let)
  • Gross Initial Yield of 15.06%
9 Bed Investment Property (Formed of 2 Separate Houses in Multiple Occupancy). High Return Investment in Popular Location. 

A desirable alternative to those looking at traditional buy-to-let this pair of HMOs offer an attractive return and a large number of rental units all within one location. This is an excellent example of an HMO, suitable for first time investors or those looking to expand their portfolio.

Situated in Teignmouth, a popular seaside town, the property comprises two HMO. Sharing one communal access to both 44A and 44B this is a well presented and contained investment property. 

ENTRANCE HALLWAY
Leading to:-

44A GROUND FLOOR

ROOM 1
Size: 15m2. With KITCHENETTE.

ROOM 2
Size: 13m2. With KITCHENETTE

ROOM 3
Size: 13.8m2. With KITCHENETTE.

ONE COMMUNAL SHOWER ROOM

44B FIRST FLOOR

ROOM 1
Size: 13.5m2. With KITCHENETTE.

ROOM 2
Size: 14m2. With KITCHENETTE.

ROOM 3
Size: 14m2. With KITCHENETTE.

44B SECOND FLOOR

ROOM 4
Size: 13m2. With KITCHENETTE.

ROOM 5
Size: 13m2. With KITCHENETTE.

ROOM 6
Size: 13m2. With KITCHENETTE.

TWO COMMUNAL SHOWER ROOMS

RENT SCHEDULES (Passing Rent)
Unit 1 £475 PCM. Unit 2 £475 PCM. Unit 3 £515 PCM. Unit 4 £475 PCM. Unit 5 £525 PCM. Unit 6 £525 PCM. Unit 7 £475 PCM. Unit 8 £515 PCM. Unit 9 £500 PCM.

COUNCIL TAX
44A - Band A. 44b - Band B.

EPC RATING
44 Higher Brimley Road - E.

VIEWING
Viewing is highly recommended and can be arranged strictly by prior appointments with the Agents, Bettesworths.

HMO LICENSING SCHEME
We are informed that the property is defined as an HMO for licensing purposes but the current licensing status is unknown and to be assumed unlicensed until licenses are confirmed. Interested parties are advised to make their own enquiries as to licensing requirements with Teignbridge Council Housing Standards Team.

Tenure: Freehold

Property information from this agent

About this agent

Bettesworths - Commercial
Bettesworths - Commercial
29 - 30 Fleet Street Torquay, Devon TQ1 1BB
01803 268852
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