Summary - Morgan Avenue, Torquay TQ2 5RP
16 bed 7 bath Detached
**Standout Features:**
- Fully Licensed HMO with 16 studios & 4 flats
- Substantial size of 3169 sq ft across four floors
- Prime location in Torquay with high rental yield potential (£132k pa)
- Solar panels and community heating for energy efficiency
- Potential for conversion into a large family home (STPP)
- Attractive Victorian architecture with modern amenities
**Concerns:**
- High crime rate in the area
- Limited plot size concerning outdoor space
- Double glazing installed prior to 2002 may require upgrades
This remarkable HMO situated on Morgan Avenue in Torquay presents an extraordinary investment opportunity with significant rental yields and the potential for future development. With a total of 16 studios and 4 separate flats, this property provides an excellent income stream, generating approximately £132,000 per annum, making it ideal for savvy investors or those looking for substantial rental potential.
Arranged over four spacious floors, this semi-detached Victorian residence combines traditional charm with modern amenities. The solar panels reflect a commitment to energy efficiency, appealing to eco-conscious tenants. While the area has a very high crime rate, the property's strategic placement and strong rental performance provide a compelling balance of risk and reward.
Additionally, the potential for reconfiguration into a larger family home (subject to planning consent) allows for flexibility and future growth, appealing to a broader range of buyers. However, note the limited outdoor space and the need for potential upgrades in double glazing that could enhance comfort and efficiency.
This opportunity won't last long—seize it now and imagine the possibilities of owning a standout property with strong returns and a bright future.
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