Property for sale in Hele Road, Torquay TQ2

£625,000
Interested in this property? Call +44 1803 268798 * or Request Details

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Property for sale

Tenure:
Freehold
Council tax band:
Not available

Property features

  • High Return Freehold Residential Investment
  • Comprising Four Houses in Multiple Occupancy (HMO's)
  • Gross Income £102,780 (When Fully Let)
  • Gross Initial Yield of 16.44%
  • Currently Managed with High Occupancy

Property description

Refurbished throughout in 2018, these properties are presented to a modern HMO standard. Each HMO has a shared kitchen, and each flat has a private bathroom. The flats are metered for electric usage.

The property presents an attractive opportunity for those looking for a high return residential investment. Currently managed and let at high to full occupancy.

68 Hele Road - 3 Bed HMO

Combined rents of £1,675 pcm (when fully let).

68A Hele Road - 5 Bed HMO

Combined rents of £2,685 pcm (when fully let).

70 Hele Road - 3 Bed HMO

Combined rents of £2,685 pcm (when fully let).

70A Hele Road - 5 Bed HMO

Combined rents of £2,570 pcm (when fully let).

Tenure

The property is available Freehold, subject to the ASTs of the residential tenants.

Rent Schedule

A full rent schedule with breakdown of each units rents and occupancy can be requested from the Agents, Bettesworths.

EPC Ratings

68 hele road - E.

68A hele road - D.


70 hele road - E.


70A hele road - D.

Council Tax Bands

68 hele road - A.

68A hele road - A.


70 hele road - A.


70A hele road - A.

HMO Licensing

We are informed that the property is defined as an HMO for licensing purposes but not currently licensed.

Interested parties are advised to make their own enquiries as to licensing requirements with Torbay Council Housing Standards Team.

Viewing

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

Property info

Floorplan(s): Ground & First Floor Second Floor

Ground & First Floor View original

Arrange Viewing

For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bettesworths, and do not constitute property particulars. Please contact Bettesworths for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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