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This property was removed from Dealsourcr.

7 Bed HMO, Newquay, TR7 1LZ £425,000

95 Tower Road, Newquay, Cornwall, TR7 1LZ - 12 views - 2 years ago
  1. Deal Search
  2. Newquay
  3. TR7
  4. TR7 1LZ
Sold STC
HMO
ROI: 9%
~183 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Newquay
  • More Deals in TR7
  • More HMO Deals
  • More HMO Deals in Newquay
  • More HMO Deals in TR7

Property History

Listed for £425,000

January 22, 2024

Sold for £315,000

2008

Sold for £200,000

2003

Sold for £120,500

2001

Floor Plans

Description

  • 7 Bed HMO +
  • 1 x Bed Self Contained Apartment +
  • Potential To Develop Further +
  • Fully Licensed & Compliant +
  • Gross Income - £46,560 +
  • Gross Yield - 10.95% +
  • Buyers Fee - 1.5% + VAT +

The Asset Brokers are pleased to present this 7 bed HMO & a one bed self contained apartment in the popular coastal location of Newquay, Cornwall. Offering a gross income of £46,560 and a gross yield of 10.95%.

The property has been operating as HMO for 15 years with great occupancy rates with some tenants being in the property for 6 years +. It also has potential and scope to develop further subject to planning.

Based over four floors the property has heaps of space on offer, a garage to the rear and also benefits from sea views.

The property is a stones throw from Newquay Golf Club and approximately a 6 minute walk to Newquay Seafront. The famous Fistral Beach is also only a 10 minute walk from the property. Due to the locations popularity there are also multiple amenities on the doorstep.

Agent Details

The Asset Brokers Ltd, Liverpool

0151 453 2310

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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