Property for sale in St. Michaels Road, Paignton TQ4
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 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
Property description
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 2 (11' 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 4 (9' 6'' x 14' 5'' (2.9m x 4.4m) (max))
With separate private bathroom.
Room 5 (12' 6'' x 12' 10'' (3.8m x 3.9m) (max))
Including en-suite.
Room 6 (13' 5'' x 11' 10'' (4.1m x 3.6m) (max))
Including en-suite.
Room 7 (13' 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.
Property info
For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (local rate)
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.