Summary - 51, GESTRIDGE ROAD, NEWTON ABBOT, KINGSTEIGNTON TQ12 3EZ
10 bed 1 bath Semi-Detached
Auction opportunity for investor seeking income and refurbishment potential close to town.
Freehold multi-unit block across three titles, sale by public auction
Current income £31,920 pa; estimated market rent £40,000+ pa
Garages yield potential extra £3,000–£4,000 pa
All units separately metered for gas and electricity
Dated Victorian accommodation; requires modernisation throughout
Medium flood risk; water supply shared between units
Small overall internal sizes; decent external plot and yards
Public notice/repossession recorded — auction sale risks apply
A substantial multi-unit semi-detached building offered for auction with immediate rental potential and scope for uplift. Arranged as self-contained flats, cottages and an annex across three titles, the block currently produces rental income with clear potential to increase returns after refurbishment. Garages and yards add ancillary income opportunity and practical tenant space.
The accommodation is dated and requires modernisation in parts: upgrades to kitchens, bathrooms and general decorative works will be needed to maximise rent or resale value. Services are separately metered for gas and electricity, but water is supplied from a single source to all units. There is one main bathroom per flat/annexe arrangement overall and a garage block with cloakroom/wc.
Practical considerations: the property is offered freehold at public auction and is marked with a public notice/repossession. There is a medium flood risk and the site is held in three titles, which gives flexibility to retain as a single investment or break up for resale. Location benefits include fast broadband, excellent mobile signal, low crime and a cluster of “Good” rated primary and secondary schools nearby.
For an investor or developer this presents a value-buy with immediate income and short-to-medium term uplift once modernised. Buyers should allow budget for refurbishment, check the single water supply arrangement, and factor the auction process and public notice into purchase timing and finance.
10 bedroom semi-detached house for sale in 51 Gestridge Road, Kingsteignton, Newton Abbot, Devon, TQ12 3EZ, TQ12 — £390,000 • 10 bed • 1 bath • 1523 ft²
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Commercial property for sale in Auction Lot: 7 x Bedroom HMO, plus 2 x Self-Contained Flats, Totnes, Devon, TQ9 — £500,000 • 1 bed • 1 bath
3 bedroom flat for sale in Union Street, Torquay, Devon, TQ2 — £175,000 • 3 bed • 1 bath • 646 ft²
9 bedroom house of multiple occupation for sale in 1 Queens Terrace, Totnes, Devon, TQ9 5JQ, TQ9 — £500,000 • 9 bed • 4 bath • 2594 ft²
9 bedroom house of multiple occupation for sale in 1 Queens Terrace, Totnes, Devon, TQ9 5JQ, TQ9 — £500,000 • 9 bed • 4 bath • 2594 ft²
