Summary - 1 QUEENS TERRACE TOTNES TQ9 5JQ
1 bed 1 bath Commercial Property
High-yield town-centre property with parking and conversion potential close to the station.
7-bedroom HMO plus two self-contained one-bedroom flats
A substantial Victorian end-of-terrace in Totnes currently configured as a 7-bedroom HMO plus two self-contained one-bedroom flats, producing a gross rental income of £63,000 per year. The property sits three minutes' walk from Totnes train station and the town centre, with rear driveway parking for multiple cars and large enclosed gardens — rare features for a town-centre lot.
The building spans three floors with high ceilings, period bay window and basement storage, giving clear scope for reconfiguration. Investors will note the strong headline yield against the guide price of £500,000 and the potential for rental growth; alternatively the layout could be reverted to a substantial family home subject to the necessary consents.
Important considerations: the sale is by public auction (11/12/25) and will be sold freehold with public notice/repossession flagged. The property is in an area with higher crime levels and the garden requires work. Prospective buyers should verify HMO licensing and compliance, check tenancy arrangements, and allow for possible maintenance or refurbishment costs.
Totnes is a characterful market town with good local amenities, schools and direct rail links. For buyers seeking a town-centre income asset with immediate yield or a conversion project in a well-located setting, this lot offers clear potential, but it suits those prepared to buy at auction and manage refurbishment and compliance matters.
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