Summary - 2 GLOUCESTER ROAD NEWTON ABBOT TQ12 1AZ
6 bed 1 bath House of Multiple Occupation
**Property Highlights:**
- Fully renovated 6-bedroom House of Multiple Occupation (HMO)
- Impressive rental income of £43,200 per annum
- Attractive gross yield of approximately 10.16%
- Prime location near Newton Abbot town center and green spaces
- High standard communal areas and en-suites in several bedrooms
- Compliant with statutory regulations; low crime neighborhood
This beautifully refurbished 6-bedroom HMO on Gloucester Road in Newton Abbot represents an exceptional investment opportunity with solid returns. Priced at £425,000, this property offers an impressive gross yield of around 10.16%, generating £43,200 annually from its six letting rooms, two of which feature en-suites.
The extensive renovations include upgraded electrics, a Grade A alarm system, a new boiler, and a fully insulated kitchen, transforming this property into an ideal rental solution for discerning tenants. Located just a short walk from the bustling town center, you’ll enjoy easy access to shops, amenities, and beautiful Courtenay Park, while enjoying quick commuting options via nearby Newton Abbot Railway Station.
The property boasts a charming exterior with traditional Victorian architecture, while the interior is designed for modern living, featuring airy communal spaces and well-appointed bedrooms. Outside, the small courtyard offers a cozy retreat. Don’t miss out on this remarkable chance to secure a high-yield investment in a sought-after area—viewings are highly recommended as properties of this quality seldom remain on the market for long!
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