10 bed semi-detached house for sale

Windsor Road, Torquay TQ1

Summary
10 bedroom HMO investment opportunity in Torquay with a self-contained one bedroom flat. Generating circa £32,000 per annum with excellent potential to increase income, offering strong yields and superb investment potential in a convenient location.

Description
Connells are delighted to present this substantial 10 bedroom HMO investment opportunity in Torquay, offering strong existing income with excellent potential for further growth.

The property comprises ten well-proportioned letting rooms together with a self-contained one bedroom flat on the ground floor, creating a versatile and attractive investment.

Currently generating approximately £32,000 per annum, there remains significant scope for improvement, with the potential to increase income to around £52,000 per annum.

Based on the asking price of £425,000, the property offers a current gross yield of approximately 7.5%, with the potential to achieve an impressive 12.2% gross yield once fully optimised.

Conveniently situated within easy reach of Torquay town centre, local amenities and transport links, this is an excellent opportunity for investors seeking a sizeable income-producing asset with substantial upside potential.

Early viewing is highly recommended.

Agents Note
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.