Summary - 83, MORETON PARK ROAD EX39 3BB
6 bed 2 bath Detached
Six-bed HMO near Bideford centre — immediate income with garage upside..
- Let as 6-bedroom HMO with tenants in situ generating £39,120 pa
- Newly renovated ground floor; first floor livable but less modern
- Two garages included; potential separate rental or sale
- Freehold property; mains gas heating and radiators
- Double glazing fitted before 2002; external walls likely uninsulated
- Above-average local crime rate — factor for tenant mix
- Low flood risk; decent plot with a sizable garden
- Council tax very cheap, located near Bideford town centre
A ready-made HMO investment on Moreton Park Road, currently producing £39,120 per year with tenants in situ for immediate income. The building was converted from former retail and benefits from a newly renovated ground floor offering three spacious bedrooms, a large kitchen/living room, a modern shower room and a cloakroom.
The first-floor accommodation provides a further three bedrooms, a separate kitchen/living room and a bathroom. The first floor is comfortably liveable but does not share the same contemporary finish as the ground floor, so there is scope to increase capital value and rental income by improving finishes or reconfiguring space. Two garages are included—one behind the building and one in a nearby block—which are in high local demand and could be let separately or sold to boost returns.
Practicalities are straightforward: freehold tenure, mains gas central heating with boiler and radiators, double glazing (installed before 2002) and a low flood risk. Notable negatives: the property sits in an area with above-average crime, external cavity walls appear uninsulated (as built), and parts of the building will need cosmetic updating. This opportunity suits a hands-on investor or landlord looking for immediate cashflow and short-to-medium-term value uplift.
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