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Newton Abbot, Devon TQ12 5 bed terraced house for sale
Abbotsbury Road, Newton Abbot, Devon, TQ12
£300,000
Abbotsbury Road, Newton Abbot, Devon, TQ12
£300,000
Our Summary
- offers an excellent investment opportunity as an unlicensed House in Multiple
- rental potential, excellent location, and scope for further enhancement, this
Description
This spacious five-bedroom property in Newton Abbot offers an excellent investment opportunity as an unlicensed House in Multiple Occupation (HMO). Located close to the town center, it provides easy access to amenities, transport links, and services, making it a highly desirable rental option. The property currently accommodates four tenants and generates a projected rental income of £36,048 per annum, representing a 12.02% gross yield. With five generously sized bedrooms, a well-appointed kitchen, and a manageable garden that can be converted into a carport, this property has strong rental potential and scope for further enhancement. Additionally, it is managed 24/7 by a professional charity, ensuring consistent tenant care and a hassle-free ownership experience.