Summary - 93 WARREN ROAD TORQUAY TQ2 5TH
9 bed 3 bath Terraced
**Key Features:**
- 9 Bedrooms, 3 Bathrooms
- HMO with £37,400 annual rental income (11.5% gross yield)
- Prime location in Torquay, ideal for student and migrant rental demand
- Small garden and maintainable outdoor space
- Freehold tenure
- High crime rate in the area
- Requires modernization, particularly in the kitchen
**Summary:**
Nestled in the bustling heart of Torquay, this charming Victorian mid-terrace HMO represents an outstanding investment opportunity. Currently generating an impressive £37,400 rental income per year, it showcases a robust 11.5% gross yield with great tenant demand owing to its proximity to local amenities, schools, and transport links. Comprising nine spacious bedrooms and three bathrooms, this easy-to-manage property features a quaint kitchen ready for modernization, appealing to shared living arrangements.
While the property exudes potential with its traditional architecture and high ceilings, some areas, like the kitchen, will benefit from renovations to maximize rental appeal. The small garden adds a touch of charm, enhancing the living experience for tenants. However, it’s important to note the prevailing high crime rate in the area and the overall need for further maintenance. Interested buyers should be diligent about reviewing HMO licensing and regulatory standards to secure their investment in this rapidly evolving neighborhood. Don’t miss out on this fantastic opportunity to capitalize on a resilient market.
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