9 Bed HMO, Torquay, TQ2 5TH £325,000

Warren Road, Torquay, Devon, TQ2 5TH - a year ago
HMO
ROI: 6%
~175 m²
Property image

ValuationUndervalued

Sold Prices£155K - £900K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~175.20 m²
Price/m²£1.9K/m²

Value Estimate

£374,865
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Room Rate

£346

Gross Rent

£3,114

Running Costs/mo

£2,587

Cashflow/mo

£527

Cashflow/yr

£6,321

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £155K to £900K, average is £335.3K. £1.4K/m² to £3.5K/m², average is £2.2K/m².

Price
Date
Distance
Address
Beds
 
£415K10/220.09 miCliff House, Braddons Hill Road West, Torquay, Torbay TQ1 1BG4
£175K12/230.11 mi39, Warren Road, Torquay, Torbay TQ2 5TQ4
£530K03/250.33 miLuneville, Lower Warberry Road, Torquay TQ1 1QY4
£530K03/250.33 miLuneville, Lower Warberry Road, Torquay TQ1 1QY4
£385K01/250.33 miMount Braddon Mews, Flat 5, Braddons Hill Road East, Torquay TQ1 1HE4
£220K07/230.44 mi58, Hoxton Road, Torquay, Torbay TQ1 1NY4
£460K03/250.46 mi8, Ben Venue Close, Wellswood, Torquay TQ1 1RX4
£460K03/250.46 mi8, Ben Venue Close, Wellswood, Torquay TQ1 1RX4
£295K03/250.48 mi26, Hoxton Road, Torquay TQ1 1NY4
£295K03/250.48 mi26, Hoxton Road, Torquay TQ1 1NY4
£375K11/210.51 mi36, Chatsworth Road, Torquay, Torbay TQ1 3BL4
£350K08/240.51 mi1, Thurlow Road, Torquay TQ1 3DZ4
£250K02/230.54 mi60, Victoria Road, Torquay, Torbay TQ1 1HY4
£900K01/230.54 miBay Ridge, Parkhill Road, Torquay, Torbay TQ1 2DT4
£180K11/210.56 mi31, Tor Church Road, Torquay, Torbay TQ2 5UP4
£155K11/240.59 mi60, Chatsworth Road, Torquay TQ1 3BL4
£205K07/210.59 mi39, St Efrides Road, Torquay, Torbay TQ2 5SG4
£340.5K12/220.6 mi45, Lymington Road, Torquay, Torbay TQ1 4BG4
£350K08/220.63 mi3, Thurlow Road, Torquay, Torbay TQ1 3DZ4
£415K08/210.63 mi25, Hatfield Road, Torquay, Torbay TQ1 3BW4
£400K05/250.63 mi25, Hatfield Road, Torquay TQ1 3BW4
£400K05/250.63 mi25, Hatfield Road, Torquay TQ1 3BW4
£330K06/210.63 mi1, Windsor Road, Torquay, Torbay TQ1 1TD4
£370K06/240.63 miHigh Grove, 2, Sunbury Hill, Torquay TQ1 3ED4
£215K06/250.64 mi47, Church Lane, Torquay TQ2 5SE4
£215K06/250.64 mi47, Church Lane, Torquay TQ2 5SE4
£545.5K02/230.67 mi14, Rathmore Road, Torquay, Torbay TQ2 6NY4
£890K10/240.68 miSpringwater House, Lower Erith Road, Wellswood, Torquay TQ1 2PX4
£227K11/220.68 mi117, Lymington Road, Torquay, Torbay TQ1 4BG4
£475K09/210.68 mi8, Bridge Road, Torquay, Torbay TQ2 5BA4
£445K06/210.69 mi6, Windsor Close, Torquay, Torbay TQ1 1TA4
£270K03/250.7 mi41, Kenwyn Road, Torquay TQ1 1LU4
£320K07/230.7 mi48, Thurlow Road, Torquay, Torbay TQ1 3EG4
£250K06/230.7 mi64, Thurlow Road, Torquay, Torbay TQ1 3EG4
£695K11/230.72 miSunnybrow, Rousdown Road, Torquay, Torbay TQ2 6PD4
£555K11/230.72 miBridge House, Rousdown Road, Torquay, Torbay TQ2 6PD4
£170K07/210.75 mi151, Lymington Road, Torquay, Torbay TQ1 4BE4
£270K08/230.78 mi13, Netherleigh Road, Torquay, Torbay TQ1 3HB4
£305K02/230.79 mi88, Avenue Road, Torquay, Torbay TQ2 5LF4
£250K06/210.79 mi133, Windsor Road, Torquay, Torbay TQ1 1ST4
£570K05/210.8 miThe Beach Hut, St Marks Road, Torquay, Torbay TQ1 2EH4
£360K08/220.81 mi5, Cedar Court Road, Torquay, Torbay TQ1 3HH4
£320K03/250.81 mi4, Cedar Court Road, St Marychurch, Torquay TQ1 3HH4
£320K03/250.81 mi4, Cedar Court Road, St Marychurch, Torquay TQ1 3HH4
£216K12/240.82 mi36, Walnut Road, Torquay TQ2 6HS4
£380K06/210.82 mi6, Barton Road, Torquay, Torbay TQ1 4DS4
£235K03/230.82 mi7, Derwent Road, Torquay, Torbay TQ1 3QL4
£272K02/250.82 mi2, Cary Park Road, Torquay TQ1 3PU4
£390K07/240.82 mi5, Studley Road, St Marychurch, Torquay TQ1 3JN4
£257.5K01/230.82 mi38, Upton Road, Torquay, Torbay TQ1 4AJ4

Local Area Statistics

Population in TQ2

34,088

Population in Torquay

65,319

Town centre distance

1.29 miles away

Nearest school

0.60 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £325,000

March 16, 2025

Price changed to £350,000

February 24, 2025

Price changed to £375,000

January 23, 2025

Listed for £400,000

December 17, 2024

Floor Plans

Property image

Description

Situated in the heart of Torquay is this remarkable investment opportunity as a fully operational nine-bedroom House in Multiple Occupation (HMO). The property currently generates a rental income of £37,400 per annum, delivering a 11.5% gross yield based on the asking price of £325,000. The property features nine generously sized bedrooms, three bathrooms, a quaint and functional kitchen suitable for shared living, and a maintainable garden that adds value for tenants. Its desirable location ensures strong tenant demand, with convenient access to Torquay’s amenities, transport links, and coastal attractions. This high-yield investment offers a fantastic opportunity for investors seeking a secure and established rental property. Prospective buyers are encouraged to review all HMO licensing and regulatory requirements as part of their due diligence. EPC: C

Agent Details

Pilkington Estates, Stoke

01752 741329

Next Steps?

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