6 Bed HMO, Bideford, EX39 2AU, £299,950

Buttgarden Street, Bideford, EX39 2AU - 6 views - a year ago

HMO
ROI: 19%
~232 m²
+23 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£12,696

Total Cash In

£87,684

 

 

Cash Out

 

Room Rate

£624

Gross Rent

£3,744

Running Costs/mo

£2,385

Cashflow/mo

£1,359

Cashflow/yr

£16,308

ROI

19%

Gross Yield

15%













Property History

Price changed to £299,950

September 14, 2024

Listed for £350,000

March 20, 2024

Floor Plans

Description

  • Substantial Grade II Listed Victorian Terraced +
  • Spacious & Adaptable Accommodation +
  • Character Features Throughout +
  • 6 Bedrooms - 2 Reception Rooms +
  • Modern Kitchen +
  • 3 Bathrooms +
  • Gas Fired Central Heating +
  • Enclosed Rear Courtyard Style Garden +
  • Close to Town Centre +
  • Excellent Main Residence or Investment Opportunity +

Silvester House is steeped in local history, having been the home and work place of T.L. Hamlyn & Sons, the esteemed, award winning local designers and decorators.

The original shop front remains complete with gilded signage and mosaic patterned floor whilst the left hand reveal features a large, art nouveau style painting, know locally as the lady in green, signed Bert Hamlyn 1912.

Beyond the attractive façade is the spacious accommodation will be found over 3 floors with many remaining character features including original tiles in the entrance hall together with numerous mouldings, cornices, decorative ceilings & fireplaces.

The abundance of rooms provides great possibilities and would comfortably accommodate a large or multi generation family whilst there is also scope for investors seeking a dwelling for multi occupancy.

The most recent usage has catered for multi occupancy with there being a HMO Licence and all necessary alterations in place including the installation of fire doors and other relevant safety measures.

Fundamentally a 6 bedroom, 2 reception room house with 3 bathrooms arranged over each floor, this imposing property will no doubt capture the imagination.

Externally there are courtyards with a west facing aspect plus useful storage and WC.

The town centre is within a short walk whilst parking is available on road together with car parks nearby on Honestone Street & Bridge Street

Services: All mains services are connected
Energy Performance Certificate: Exempt
Council Tax: BAND C (£2,030.82 per annum)

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Regency Estate Agents, Bideford

01237 422433

Next Steps?

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