Summary - 53 53 53 53 Auction Lot: 3 cottages & 2 Flats, Kingsteignton, Newton Abbot , Kingsteignton, Devon TQ12 3EZ
1 bed 1 bath Commercial Property
Five residential units plus garages with clear rental growth potential and title split flexibility.
Occupied investment producing £31,920 p.a.; ERV c. £40,000 p.a.
This substantial freehold lot in Kingsteignton is offered as an occupied investment comprising two self-contained flats, three cottages and two lock-up garages/workshop. The current income is £31,920 per annum with an estimated rental value of about £40,000 pa plus an extra £3,000–£4,000 pa from the garages, giving clear scope to increase yield. The property will be sold by public auction on 11/12/25 with a guide price of £475,000–£500,000.
The asset is held on three separate titles, enabling flexible management or a break-up and resale strategy. Its location close to Newton Abbot and the A38 provides good road links and access to mainline rail services, supporting tenant demand from local workers and commuters. The neighbourhood benefits from a range of amenities, schools with Good Ofsted ratings, and proximity to the South Devon coast and Dartmoor.
Buyers should note material considerations: the buildings show period Victorian features but require maintenance and some renovation, and the site is assessed as medium flood risk. The lot is occupied, so any purchaser will acquire existing tenancies and should allow for management and refurbishment costs when assessing bid level.
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