Summary - Torquay, Devon, TQ2 TQ2 7PR
16 bed 1 bath House of Multiple Occupation
**Standout Features:**
- Freehold investment property with chain-free sale
- Newly renovated House of Multiple Occupation (HMO) completed in 2018
- Total of 16 bedrooms across 4 self-contained flats
- High occupancy rates and strong rental income potential
- Fully furnished units with private bathrooms
- Shared amenities including modern kitchens and a courtyard
- Excellent transport links to nearby cities
**Summary:**
Discover an exceptional investment opportunity with this newly renovated House of Multiple Occupation located on Hele Road, Torquay. Priced at £595,000, this freehold property boasts 16 well-maintained bedrooms across 4 flats, each designed for contemporary coastal living. Fully furnished and equipped with private bathrooms and communal kitchens, the flats promise high turnover and lucrative rental yields, making this an ideal choice for investors seeking minimal management involvement.
Positioned in the vibrant and accessible town of Torquay, residents enjoy a mix of local amenities and proximity to stunning beaches and the marina. With strong transport links to Plymouth and Exeter, this HMO is perfectly situated to attract tenants looking for both convenience and lifestyle. The shared courtyard provides a welcoming outdoor space, enhancing tenant appeal.
While the area faces some socio-economic challenges, the potential for steady rental income remains compelling, especially given the low overheads and a local managing agent to support operations. Take advantage of this unique opportunity to secure a robust investment in a thriving coastal locale. Don’t miss out—properties like this are in high demand and won’t last long!
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