Summary - 8 EAST STREET TORQUAY TQ2 5SD
6 bed 7 bath End of Terrace
Registered six-bedroom HMO — auction sale with clear refurbishment and management potential..
- Registered HMO with six en-suite bedrooms (seventh en-suite used as lounge)
- Close to Torquay town centre; convenient for amenities and transport
- Sold at online auction; unconditional sale and 28-day completion
- Buyers premium applies (5% + VAT minimum £5,000 + VAT)
- Requires modernisation; exterior/interior updating and potential damp issues
- Very high local crime and very deprived area; tenant profile constrained
- Freehold, three floors, double glazing and electric heating
- Small low-maintenance concreted garden with side access
A substantial six-bedroom end-of-terrace Victorian property offered as a registered HMO, set over three floors close to Torquay town centre. Each bedroom benefits from an en-suite shower room; a seventh en-suite is currently used as a lounge. The layout, communal kitchen and small low-maintenance garden make it straightforward to run as a lettings asset. Double glazing and electric heating reduce immediate running-room upgrade needs.
This lot is sold at online auction with unconditional terms: 5% deposit on fall of hammer, buyer's premium (5% + VAT, minimum £5,000 + VAT) and a 28-day completion requirement. A legal pack is available and special conditions may add further costs — buyers must review the pack and allow for additional outlays. The seller may consider pre-auction offers but all auction conditions remain.
The property has clear potential for rental income and short-term gain for investors prepared to refurbish. It does require modernisation in places — exterior and interior need updating, and inspection notes potential damp issues. The neighbourhood is in a very deprived, high-crime area with a transitional Eastern European population and constrained renters; that will affect tenant demand, yields and management needs.
Suitable for cash buyers or experienced landlords who can move quickly through auction procedures, this HMO is priced to reflect its condition and location. Expect refurbishment work, active management, and careful tenant selection to unlock long-term income potential.
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