5 Bed HMO, Torquay, TQ1 1LH, £315,000

25 Ellacombe Church Road, Torquay, Torbay, TQ1 1LH - 4 views - 6 months ago

HMO
ROI: 11%
108 m²
+3 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (26%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£633

Gross Rent

£3,163

Running Costs/mo

£2,258

Cashflow/mo

£905

Cashflow/yr

£10,860

ROI

11%

Gross Yield

12%













Property History

Price changed to £315,000

January 23, 2025

Listed for £325,000

October 28, 2024

Sold for £145,000

2015

Sold for £135,000

2007

Floor Plans

Description

  • Five double bedrooms +
  • Five bathrooms +
  • Potential income of £37,960 per annum +
  • Courtyard garden +
  • Ideal family home +
  • Mid-terrace +

This substantial property is the perfect buy for anyone looking for a large family home or for their next investment. The property is currently set up to maximise income with five bedrooms and five ensuites (making use of the living area), however with some small adjustments it could be converted back into a family home with four bedrooms, four ensuites and a bathroom.

Ground floor:

Sitting Room: 3.345m x 4.251m

Currently set up as a bedroom this living space could easily be converted back into sitting room, providing ample space for furniture.

Dining Room: 3.345m X 4.06m

Currently set up as a bedroom this living space could easily be converted back into a dining room, providing ample space for furniture.

Bathroom: 1.515m x 1.452m

Kitchen: 4.828m x 2.871m:

Comprising of a mixture of wall and base storage units with a roll-top work surface. Integral appliances include an oven, hob and sink/drainer. There is further space for a stand alone fridge/freezer, washing machine and dishwasher.

First floor:

Bedroom one: 2.84m x 2.796m

Large double bedroom with stunning views over Torquay.

Ensuite: 2.044m x 1.697m

Bedroom Two: 4.062m x 3.105m

Double bedroom with rear facing window.

Ensuite: 1.479m x 1.481m

Bedroom Three: 4.408m x 3.08m

Double bedroom with front facing window.

Ensuite: 1.54m x 2.308m

Second floor:

Bedroom Four: 4.71m x 3.908m

Large double bedroom with sky lights.

Ensuite: 0.929m x 1.326m

Outside:

There is a private rear courtyard garden with lovely views of Torquay.

Investors:

The estimated potential income is £37, 960 per annum (including bills).
Vacant possession will be provided.
If you wish to let the property as a HMO you will have to obtain a license.

Property information:

Freehold

Mains electric, gas, water and drainage.

Internet: Full fibre is available (checked on openreach) with FTTP.

Mobile: We understand that limited coverage is available (checked on Ofcom)

Accessibility:

The property is accessed from the street via a small path and a small set of steps lead to the front door. On street parking is available near by.

Notice:
These details are meant as a guide only. We recommend you make your own enquiries via your legal representative over any matters that concern you prior to agreeing to purchase.

Agent Details

haart, Torquay

01803 222753

Next Steps?

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

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