6 Bed HMO, Torquay, TQ2 5SD, £290,000

East Street, Torquay, TQ2 5SD - 6 views - 2 months ago

HMO
ROI: 16%
~186 m²
+10 photos

ValuationUndervalued

Sold Prices£235K - £1.8M
Sold Prices/m²£1.1K/m² - £8.2K/m²

 

 

Square Metres

~186 m²
Price/m²£1.6K/m²

Value Estimate

£353,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£3,378

Running Costs/mo

£2,270

Cashflow/mo

£1,108

Cashflow/yr

£13,296

ROI

16%

Gross Yield

14%

Local Sold Prices

18 sold prices from £235K to £1.8M, average is £592.5K. £1.1K/m² to £8.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£805K08/230.21 mi18, Teignmouth Road, Torquay, Torbay TQ1 4EA6
£280K09/210.48 mi30, Hatfield Road, Torquay, Torbay TQ1 3BP6
£247K10/200.54 mi45, Shirburn Road, Torquay, Torbay TQ1 4HR6
£1.8M06/210.84 mi34, Braddons Hill Road East, Torquay, Torbay TQ1 1HB6
£1.1M07/230.86 miThe Old Vicarage, Vicarage Hill, Torquay, Torbay TQ2 6HZ6
£236K02/210.9 mi21, Westhill Road, Torquay, Torbay TQ1 4PE6
£1.2M03/230.97 miThe Laurels, Hunsdon Road, Torquay, Torbay TQ1 1QB6
£600K02/231.05 miOrchard Cottage, Stitchill Road, Torquay, Torbay TQ1 1PY6
£625K08/211.05 mi23, Stoneleigh Drive, Torquay, Torbay TQ2 6TR6
£235K10/211.11 mi32, Salisbury Avenue, Torquay, Torbay TQ2 8AT6
£290.5K06/211.32 mi100, Babbacombe Road, Torquay, Torbay TQ1 3SY6
£890K10/211.33 mi11, Wellswood Park, Torquay, Torbay TQ1 2QB6
£825K06/211.44 miSkyfall, Ridgeway Road, Torquay, Torbay TQ1 2HW6
£382.5K04/211.59 mi161, Fore Street, Barton, Torquay, Torbay TQ2 8DN6
£1.5M05/231.66 mi103, Ilsham Road, Torquay, Torbay TQ1 2JD6
£585K06/212.18 mi5, Laura Grove, Paignton, Torbay TQ3 2LR6
£532.5K01/212.91 mi20, St Andrews Road, Paignton, Torbay TQ4 6HA6
£472K10/232.93 mi7, Alta Vista Road, Paignton, Torbay TQ4 6DB6

Local Area Statistics

Population in TQ2

34,088

Population in Torquay

65,319

Town centre distance

0.98 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £290,000

February 12, 2025

Floor Plans

Description

  • Registered HMO +
  • 6/7 Bedrooms +
  • All Ensuite Shower Rooms +
  • Communal Kitchen & Patio +
  • Town Centre Location +

SUMMARY
An oppurtunity has arisen to purchase an investment property convenientley located within proximity of the town centre. The property is a registered HMO over 3 floors. There are 6 bedrooms all ensuite with a 7th ensuite bedroom being used as a lounge and a kitchen. A low maintenance garden!

DESCRIPTION
Conveniemtly located in the outskirts of the town centre is this spacious end-terraced house. The property is currently arranged as a HMO and the accommodation comprises of 6 bedrooms- all ensuite with a 7th ensuite bedroom being used as a lounge, kitchen, double glazed, electric heating and patio garden.

Entrance Hall 
Door to front. Stairs rising to 1st floor with understairs storage cupboard. Doors to:

Kitchen 19' 3" x 8' 11" max ( 5.87m x 2.72m max )
Fitted with a matching range of wall and base mounted units and drawers with roll edge work surface over. 2 stainless steel sink units with mixer taps. 2 electric ovens with electric hobs and cooker hoods above. Spaces for American style fridge/freezer, washing machine and further appliance. Double glazed windows to side and rear, double glazed door to rear.

Bedroom 10' 5" x 10' 4" min ( 3.17m x 3.15m min )
Double glazed window to rear, electric radiator, door to:

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

Lounge/Bedroom 13' 5" max x 12' 11" + recess ( 4.09m max x 3.94m + recess )
Double glazed window to front, door to:

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

1st Floor Landing 
Stairs up to top bedroom, doors to:

Bedroom 9' 8" x 8' 4" ( 2.95m x 2.54m )
Double glazed window and electric heater, door to

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

Bedroom 10' 9" x 10' max ( 3.28m x 3.05m max )
Double glazed window and electric heater, door to

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

Bedroom 11' 2" min x 9' 10" max ( 3.40m min x 3.00m max )
Double glazed window to front, door to:

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

Bedroom 12' 2" max x 9' max ( 3.71m max x 2.74m max )
Double glazed window to front, door to:

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.

Top Floor 

Room 9' x 5' 11" ( 2.74m x 1.80m )
Breakfast bar, door to ensuite and door to bedroom.

Ensuite 
Fitted with a modern matching 3 piece white suite comprising of: Shower cubicle with electric shower, low level WC and pedestal wash hand basin. Extractor fan.Double glazed skylight window.

Bedroom 18' 5" x 7' 7" ( 5.61m x 2.31m )
Some limited head height with sloping ceiling, double glazed skylight window and electric heater.

Outside 
To the rear of the property is a garden which is concreted for ease of maintenance with flower bed borders. A gate gives access across the rear of the adjoining properties to a side access lane.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Torquay

01803 222593

Next Steps?

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