6 Bed HMO, Torquay, TQ2 5BZ, £550,000

Newton Road, Torquay, TQ2 5BZ - 3 views - 3 years ago

HMO
Planning
ROI: 2%
~186 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~186 m²
Price/m²£3K/m²

Value Estimate

£409,361

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Room Rate

£576

Gross Rent

£3,456

Running Costs/mo

£3,181

Cashflow/mo

£275

Cashflow/yr

£3,301

ROI

2%

Gross Yield

8%

Local Sold Prices

16 sold prices from £235K to £1.8M, average is £612.5K. £1.1K/m² to £8.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£805K08/230.18 mi18, Teignmouth Road, Torquay, Torbay TQ1 4EA6
£280K09/210.63 mi30, Hatfield Road, Torquay, Torbay TQ1 3BP6
£1.1M07/230.82 miThe Old Vicarage, Vicarage Hill, Torquay, Torbay TQ2 6HZ6
£236K02/210.83 mi21, Westhill Road, Torquay, Torbay TQ1 4PE6
£235K10/210.97 mi32, Salisbury Avenue, Torquay, Torbay TQ2 8AT6
£625K08/211.06 mi23, Stoneleigh Drive, Torquay, Torbay TQ2 6TR6
£1.8M06/211.07 mi34, Braddons Hill Road East, Torquay, Torbay TQ1 1HB6
£1.2M03/231.18 miThe Laurels, Hunsdon Road, Torquay, Torbay TQ1 1QB6
£600K02/231.27 miOrchard Cottage, Stitchill Road, Torquay, Torbay TQ1 1PY6
£290.5K06/211.44 mi100, Babbacombe Road, Torquay, Torbay TQ1 3SY6
£382.5K04/211.47 mi161, Fore Street, Barton, Torquay, Torbay TQ2 8DN6
£890K10/211.53 mi11, Wellswood Park, Torquay, Torbay TQ1 2QB6
£825K06/211.65 miSkyfall, Ridgeway Road, Torquay, Torbay TQ1 2HW6
£1.5M05/231.85 mi103, Ilsham Road, Torquay, Torbay TQ1 2JD6
£585K06/212.21 mi5, Laura Grove, Paignton, Torbay TQ3 2LR6
£532.5K01/212.99 mi20, St Andrews Road, Paignton, Torbay TQ4 6HA6

Local Area Statistics

Population in TQ2

34,088

Population in Torquay

65,319

Town centre distance

0.97 miles away

Nearest school

0.30 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £550,000

July 11, 2022

Sold for £388,000

2003

Floor Plans

Description

  • Semi Detached Victorian Villa +
  • Attractive Garden +
  • Period Features Throughout +
  • Self Contained Cottage +
  • Potential for HMO subject to licensing and Planning Permission +
  • Off Street Parking for Several Cars +

SUMMARY
This gracious residence stands within a desirable area of Torquay. A beautiful family home offers great potential for investment income with 6 bedrooms and 7 bathrooms. Also attached to the property is a TWO BEDROOM SEMI-DETATCHED COTTAGE with its own front garden & parking. Viewing advised!

DESCRIPTION
Upon entrance to this home is a generous size hallway with oak engineered flooring & ornate coving around the ceilings. On the ground level are four large rooms, one lounge, one sitting room & two additional reception rooms. Up to the side staircase & onto the first floor are four spacious bedrooms, one with bathroom, two with shower rooms and master bedroom with Jack & Jill family bathroom. The lower ground level offers a large kitchen/diner with a door leading out to the rear patio & garden area, one dining/bedroom, a utility room, and two storage rooms. 6 bedrooms

Entrance Porch 
Feature coving around the ceiling, oak engineered flooring.

Entrance Hall 
Very spacious hall with feature coving around the ceiling & oak engineered flooring.

Lounge 18' 2" x 14' 9" ( 5.54m x 4.50m )
The lounge has Sash double glazed floor to ceiling bay windows with originally closed shutters overlooking the rear of the property, radiator, telephone & TV points, oak engineered flooring, marble fireplace, original ceiling coving with centre feature, door leading to conservatory.

Conservatory 
Original with UPVC covering to all aspects, oak engineered flooring, door leading to the balcony.

2nd Reception Room 18' x 14' 4" ( 5.49m x 4.37m )
Very large & bright room with a Sash double glazed window overlooking the rear of the property, radiator, oak engineered flooring, cove to the ceiling with centre feature.

3rd Reception / Bedroom 5 18' 7" x 11' 8" ( 5.66m x 3.56m )
Sash double glazed window overlooking the front of the property, fireplace, radiator, carpet flooring, high ceilings.

4th Reception / Bedroom 6 11' x 11' 11" ( 3.35m x 3.63m )
Carpet flooring, cove to ceiling, Sash double glazed window to the side aspect, high skirting boards.

Split Landing  
Door to WC, double glazed window to the side aspect.

FIRST FLOOR 

Bedroom 1 18' x 18' 9" ( 5.49m x 5.71m )
Bedroom one has large Sash double glazed bay windows to the rear & side, radiator, carpet flooring, high ceilings, door to Jack & Jill bathroom.

Jack & Jill Bathroom  
Sash double glazed arch window to the side aspect, bath with mixer taps & shower over, bidet, lino flooring, large black porcelain tiles, high ceilings, WC, shaver point, radiator, heated towel rail.

Bedroom 2 
Bedroom two has 2 arch sash double glazed windows overlooking the rear of the property, radiator, carpet flooring, high ceilings, cove to the ceiling.

Bedroom 3 12' 8" x 13' ( 3.86m x 3.96m )
Bedroom three has Sash double glazed window overlooking the front of the property, radiator, cove to ceiling, carpet flooring, door to En-suite bath with mixer taps & shower over, extractor fan.

Bedroom 4 8' 5" x 10' 4" ( 2.57m x 3.15m )
Bedroom four has a double glazed window to the side aspect, radiator, carpet flooring, high ceilings, door to En-Suite WC, shower cubicle, extractor fan.

LOWER GROUND LEVEL 

Storage Room 9' 5" x 9' 7" ( 2.87m x 2.92m )
Radiator, carpet flooring.

Storage Room 2 9' 11" x 16' 3" ( 3.02m x 4.95m )
Single glazed window to the front aspect, radiator, carpet flooring.

Utility Room 4' 3" x 11' 9" ( 1.30m x 3.58m )
Sink/drainer unit, wall & base units, work surfaces, extractor fan, plumbing for washing machine.

Kitchen / Diner 14' 7" x 17' 6" ( 4.45m x 5.33m )
Fitted with cook & Louise wall & base units, ample work surfaces, gas & electric oven with hob & cooker hood over, centre island with sink/drainer unit and dishwasher space, high ceilings, laminate flooring, telephone & TV points, door leading out to the rear patio.

Dining Room / Bedroom 7 14' 2" x 14' 6" ( 4.32m x 4.42m )
High ceilings, cove to ceiling, patio doors to rear garden, door to En-Suite. En-Suite WC, wash hand basin, extractor fan.

En-Suite 
WC, wash hand basin, extractor fan.

Front Garden 
To the front of the property is a large driveway for several cars.

Rear Garden 
To the rear of the property is a large patio area with steps leading down to decking & a flat large garden with a pond, surrounded by Palm Trees.

SEMI DETACHED COTTAGE 

Lounge 8' 10" x 11' ( 2.69m x 3.35m )
Sash double glazed windows to the front, carpet flooring.
Shower Room 1 WC, shower cubicle, double glazed window to the side aspect.

Shower Room 
WC, shower cubicle, double glazed window to the side aspect.

Kitchen 9' 1" x 11' 11" ( 2.77m x 3.63m )
Fitted with wall & base units, work surfaces, sink/drainer unit, electric oven with hob & cooker hood over, Sash double glazed window overlooking the front of the property, door to shower room.

Shower Room 2 
WC, wash hand basin, single glazed window.

Bedroom 1 9' x 12' ( 2.74m x 3.66m )
Bedroom one has a Sash double glazed window overlooking the front of the property, carpet flooring, door to En-Suite. En-Suite WC, shower cubicle, double glazed window to the side aspect, extractor fan.

Bedroom 2 9' 1" x 9' 2" ( 2.77m x 2.79m )
Bedroom two has a sash double glazed window overlooking the front of the property, carpet flooring, radiator, door to En-Suite. En-Suite WC, shower cubicle, extractor fan.

Front Garden 
To the front of the cottage, there is ample parking for several cars and gated steps down to the rear garden.

Rear Garden 
To the rear of the cottage are a large patio area with a barbecue area, cupboard and a large shed with steps leading down to decking & a flat large garden with a large pond, surrounded by Palm Trees and a back gate open onto Cleveland Road at the rear and steps leading up to the conservatory and up to the front of the property.

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?

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