**Standout Features:**
- Spacious five-bedroom unlicensed HMO
- Projected rental income of £36,048 per annum (12.02% yield)
- Currently let to four tenants with a potential guest room/office option
- 24/7 professional management for hassle-free ownership
- Convenient location near amenities and transport links
- Manageable garden with potential for conversion to a carport
**Concerns:**
- Mold and damp potential noted
- Renovation required, including insulation improvements
Explore the investment potential of this spacious five-bedroom Victorian terraced house located near the heart of Newton Abbot. Currently operating as an unlicensed House in Multiple Occupation, it generates a robust projected rental income of £36,048 per annum, translating to an attractive 12.02% yield, making it ideal for investors seeking solid returns. The property accommodates four tenants, with a versatile guest room that can effortlessly transition into an office or extra living space.
Boasting generous room sizes and traditional architecture, the property features a well-appointed kitchen and family bathroom, alongside a manageable garden that can be further enhanced. While there are considerations for mold and necessary renovations, including improvements like insulation, the strong rental demand in the area remains a compelling draw for potential buyers. With vital amenities and excellent transport links just a stone’s throw away, this property secures its desirability. Don’t miss this unique opportunity to invest in a property with significant rental yield and future enhancement potential. Conduct due diligence regarding local HMO regulations and licensing requirements, and take advantage of this promising offer before it slips away.