5 Bed HMO, Torquay, TQ2 5SG, £145,000

18 St. Efrides Road TQ2 5SG - 74 views - 10 months ago

HMO
ROI: 30%
76 m²
+8 photos

ValuationUndervalued

Sold Prices£195K - £975K
Sold Prices/m²£1.3K/m² - £9K/m²

 

 

Square Metres

75.55 m²
Price/m²£1.9K/m²

Value Estimate

£172,160
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,700

Total Cash In

£41,950

 

 

Cash Out

 

Room Rate

£523

Gross Rent

£2,615

Running Costs/mo

£1,519

Cashflow/mo

£1,096

Cashflow/yr

£13,155

ROI

31%

Gross Yield

22%

Local Sold Prices

34 sold prices from £195K to £975K, average is £410K. £1.3K/m² to £9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£215K08/210.06 mi32, Church Lane, Torquay, Torbay TQ2 5SE5
£310K12/220.1 mi47, Morgan Avenue, Torquay, Torbay TQ2 5RR5
£700K11/220.2 miArlesey Dene, Mill Lane, Torquay, Torbay TQ2 5AW5
£230K03/210.21 mi9, Tor Hill Road, Torquay, Torbay TQ2 5RN5
£360K06/210.25 mi10a, Thurlow Road, Torquay, Torbay TQ1 3DZ5
£280K04/230.25 mi45, Avenue Road, Torquay, Torbay TQ2 5LG5
£410K09/230.28 mi68, Avenue Road, Torquay, Torbay TQ2 5LF5
£450K12/220.3 miMelrose House, Tor Vale, Torquay, Torbay TQ1 4EB5
£195K09/210.32 mi19, Lower Thurlow Road, Torquay, Torbay TQ1 3EL5
£262.5K02/230.33 mi34, Innerbrook Road, Torquay, Torbay TQ2 6AQ5
£500K03/230.38 miThe Villa, 31f, Ash Hill Road, Torquay, Torbay TQ1 3JB5
£328K01/230.41 mi33, Chatsworth Road, Torquay, Torbay TQ1 3BJ5
£487.5K02/210.45 miLoughton, Old Mill Road, Torquay, Torbay TQ2 6HJ5
£320K05/210.47 mi14, Sherwell Lane, Torquay, Torbay TQ2 6BD5
£355K06/210.47 mi2, Sherwell Lane, Torquay, Torbay TQ2 6BD5
£330K05/230.47 mi42, Sherwell Lane, Torquay, Torbay TQ2 6BD5
£715K12/200.48 miAshfield Lodge, Ashfield Road, Torquay, Torbay TQ2 6HH5
£426K12/220.5 mi10, Shirburn Road, Torquay, Torbay TQ1 3JH5
£410K12/210.54 mi8, Windsor Road, Torquay, Torbay TQ1 1TD5
£540K04/210.57 mi4, Walnut Road, Torquay, Torbay TQ2 6HS5
£291.3K03/210.58 mi56, Warberry Road West, Torquay, Torbay TQ1 1NU5
£290K01/210.6 mi2, Wrights Lane, Torquay, Torbay TQ1 4HN5
£372.5K06/230.63 mi31, Fletcher Close, Torquay, Torbay TQ2 6DD5
£740K03/210.7 miTamarisk, Hillesdon Road, Torquay, Torbay TQ1 1QF5
£320K06/210.72 miSelma, Bronshill Road, Torquay, Torbay TQ1 3HA5
£790K03/230.74 miWhite Gables, Seaway Lane, Torquay, Torbay TQ2 6PS5
£515K03/210.74 mi26, Vicarage Road, Torquay, Torbay TQ2 6HX5
£975K05/230.81 miRowan Combe, Seaway Lane, Torquay, Torbay TQ2 6PW5
£962.5K12/200.83 miChapter House, Meadow Road, Torquay, Torbay TQ2 6PR5
£442K11/220.91 mi98, Westhill Road, Torquay, Torbay TQ1 4NT5
£585K11/220.91 miAlpine Court, Devons Road, Torquay, Torbay TQ1 3PR5
£455K02/210.93 mi37, Nut Bush Lane, Torquay, Torbay TQ2 6SF5
£755K12/230.97 mi24, Court Road, Torquay, Torbay TQ2 6SE5
£310K06/230.99 mi8, Enfield Road, Torquay, Torbay TQ1 3RS5

Local Area Statistics

Population in TQ2

34,088

Population in Torquay

65,319

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £145,000

December 4, 2024

Listed for £150,000

June 27, 2024

Description

  • Chain Free +
  • Close to Amenities +
  • Front Garden +
  • Great Income Potential +
  • HMO Opportunity +
  • Short Walk to Torre Trainstation +
  • Suitable For Multi-Generational Living +
  • Store room outside +

Public Notice

Address: 18 St. Efrides Road TQ2 5SG
We are acting in the sale of the above property and have received an offer of £152,750.

Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC C 71sqm 72-79
EPC C 71sqm 71-79

This CHAIN FREE property is ideal for investors looking to expand their portfolio with a property that offers both steady rental income and potential for capital growth. Currently arranged as two self contained flats, the house is set out versatile where you can have the ground floor as a two bed with one reception or a one bed with two reception, upstairs can be either a three bed with one reception or a two bed with two receptions. Both floors offer a bathroom and a kitchen, there is garden to the front and a store room to rear which is beneficial. The house offers high ceilings, spacious rooms and is extremely versatile to have as one large house or to look into multigenerational living.

This investment property offers a blend of immediate rental income and future potential, making it a sound addition to any property portfolio. Don't miss this opportunity to acquire a versatile and income-generating home in a busy location.

EPC C 71sqm 72-79
EPC C 71sqm 71-79

Tenure: Freehold

Agent Details

Pegg Estates, Torquay

01803 221975

Next Steps?

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