The Avenue presents a lucrative investment opportunity in the form of an unlicensed House in Multiple Occupation (HMO) in Newton Abbot's central location. The four-bedroom property, currently occupied by three tenants, generates a projected annual rental income of £28,584, offering a 12.7% gross yield. The property features two bathrooms, gated parking, and is managed 24/7 by a dedicated charity, providing a hassle-free experience for investors. Located near local amenities and transport links, the property is situated in a high-demand area with strong rental potential. However, buyers are advised to conduct due diligence regarding local HMO licensing regulations and compliance requirements.